David Plch | White & Case LLP International Law Firm, Global Law Practice
David Plch
David Plch

David Plch

Partner, Prague

“He is the best finance lawyer in the city. He is reliable, very good technically and knows all the banks. He has never disappointed me.”

Chambers Europe 2014

Overview

David Plch advises clients on financing, financial restructuring and insolvency matters. He has extensive experience representing financial institutions, as well as major corporate and private equity clients throughout Europe, Asia and North America.

Over the course of his career, David has accumulated deep knowledge of the markets throughout the Central and Eastern European (CEE) region. He regularly advises clients in connection with complex financing arrangements, including project and export finance transactions and acquisition financing. He has represented financial institutions regarding the structuring of their investments in private equity funds and the formation of real estate funds, and has advised such funds in transactional matters.

David has also developed a strong track record in asset financing, export financing and project financing. He has been involved in more than 50 project and export financing deals which provided funds to borrowers in numerous countries, including the Russian Federation, Azerbaijan, Ukraine, Mongolia and other countries in Eastern Europe, North America and Asia.

In addition to his financing practice, David advises clients on the practical and legal aspects of financial restructuring and insolvency projects. His focus areas include out-of-court financial restructuring or formal reorganization under court protection, as well as insolvency proceedings. In recognition of his experience, David was elected Vice-President of the Czech Republic's Turnaround Management Association (TMA).

He has played a major role in a number of successful out-of-court restructuring cases. For example, he acted for the steering committee of senior bank creditors of Aliachem, a large Czech chemical conglomerate, and was involved in the comprehensive reorganization of KORD Group – a transaction recognized by the TMA as the Turnaround Deal of the Year in 2012.

At ease with the most challenging of cases, David has played a leading role in CEE insolvency proceedings involving complex financing arrangements, which have in some cases been tested before the local courts for the first time. He led a team of the Firm's lawyers, for instance, on a court case in which the concepts of syndicated lending and security agent's rights were successfully defended for the first time in the Czech Republic. He has also been involved in various regulatory, litigation and white-collar matters.

David heads White & Case's Banking and Financial Restructuring & Insolvency Practices in the Czech Republic.

Bars and Courts

  • Czech Bar Association

Education

  • PhD, Masaryk University, Faculty of Law, Brno
  • JUDr, Masaryk University, Faculty of Law, Brno
  • International Business Law, University of Toronto, Postgraduate Program, Toronto
  • Mgr, Masaryk University, Faculty of Law, Brno

Languages

  • Czech
  • English

Experience

€1 billion financing of EP Energy, a.s. (EPE)

David represented a consortium of 11 banks led by UniCredit, in connection with the €1 billion financing of EPE, a subsidiary of Energeticky a průmyslový holding, a.s., and the largest Czech private energy group with activities in the Czech Republic, Slovakia, Germany and Poland. This was the first ever pari passu bank/bond deal in the Czech Republic.

Financing for the acquisition of Telefonica Czech Republic

David represented Société Générale as coordinating mandated lead arranger and Citibank Europe plc, Credit Agricole Corporate and Investment Bank, Československá obchodní banka, a.s., Deutsche Bank AG, London Branch, ING Bank N.V., The Royal Bank of Scotland plc and UniCredit Bank Austria AG, as mandated lead arrangers in the financing for PPF Group’s acquisition of Telefonica Czech Republic, the leading mobile, fixed-line and IPTV operator in the Czech Republic and Slovakia. The financing, which totaled €2.288 billion, covered part of the acquisition price and the consideration paid in the subsequent mandatory takeover. This transaction was the largest bank finance transaction and the first public acquisition of its kind in the Czech Republic.

Financing for new units at the Mochovce nuclear power plant

David represented HSBC Bank plc and the Czech Export Bank in connection with project financing provided to SKODA JS a.s. for the delivery of two new units of the Mochovce nuclear power plant in Slovakia.

Financing of 12 Airbus A320 Aircraft

David represented BNP Paribas, Natexis Transport Finance, Československá obchodní banka and the export credit agencies of France, Germany and the UK, in connection with the financing of 12 Airbus A320 aircraft for CSA, the Czech national carrier of the Czech Republic.

Reorganization of KORD Group

David represented a syndicate of senior creditors and banks in relation to the complex reorganization of KORD Group, an industrial group with operations in CEE. This was the largest cross-border reorganization case in the Czech Republic, and also the first insolvency case involving a successful COMI shift.

Glassmaking companies' insolvency proceedings and related litigation

David represented a syndicate of Czech and international banks led by Citibank Europe plc, in connection with insolvency proceedings and related litigation concerning a group of Czech glassmaking companies: BOHEMIA CRYSTALEX TRADING a.s., CRYSTALEX a.s., Sklo Bohemia, a.s., SKLÁRNY KAVALIER, a.s. and Sklárny BOHEMIA a.s.

Refinancing to secure the liabilities of Prague Airport towards the European Investment Bank

David represented a consortium of UniCredit Bank Czech Republic, a.s., Citibank Europe plc, Ceska sporitelna, a.s., Československá obchodní banka, a.s., ING Bank N.V., Komerční banka, a.s. and The Royal Bank of Scotland N.V., in the refinancing of bank guarantees provided to the European Investment Bank to secure the liabilities of Letiště Praha a.s. (Prague Airport) towards the European Investment Bank under financing arrangements made in connection with the construction of Terminal II at Prague Airport.

Financing for the partial reconstruction and extension of the Great Silk Road

David represented a consortium of HSBC Bank, Česká spořitelna, Komerční banka and Czech Export Bank, with respect to an export buyer's credit facility with Czech ECA (EGAP) coverage to finance the reconstruction and extension of a part of the Great Silk Road in Azerbaijan, including the related delivery of machinery and technology.

Credit facility for construction of a tire production plant

David represented Citibank Europe plc in connection with a credit facility for the construction of a tire production plant in Iowa for Mitas Tires North America, Inc., the US subsidiary of Mitas Group, which is a leading global producer of agricultural, industrial and motorcycle tires.

Pilsen Steel insolvency proceedings

David represented the Czech branch of HSBC in the Czech insolvency proceedings of the debtor Pilsen Steel.

ČSA restructuring proceedings

David represented Czech Airlines in European Commission proceedings on the approval of the restructuring plan of ČSA and related restructuring and state aid issues.

Transformation of Citibank a.s into a branch of Irish Citibank Europe plc

David represented Citibank in connection with the transformation of Citibank a.s., a Czech bank ultimately owned by US-based CITIBANK OVERSEAS INVESTMENT CORPORATION, into a branch of Irish Citibank Europe plc., taking advantage of the single EU passport principle.

Awards & Recognition

Leading Lawyer (Band 1), Chambers Europe 2014, Chambers Global 2014

Banking & Finance – Czech Republic; Restructuring/Insolvency – Czech Republic

Leading Lawyer (Band 2), Chambers Global 2014

Banking & Finance – Central and Eastern Europe

International Who’s Who Legal, 2014

Ranked as one of the world’s leading banking practitioners

International Who’s Who Legal, 2013

Recommended in the area of Banking