Luděk Chvosta Sr.
Luděk's practice focuses on corporate and commercial law, dispute resolution, M&A transactions, insolvency and restructuring. He advises major companies from a broad spectrum of business sectors, including numerous Fortune 500 companies.
Luděk offers clients the benefit of his wide-ranging knowledge, accumulated over the course of almost twenty years working as a boardroom advisor to leading international companies. This wealth of experience is supplemented by Luděk's further 30 years of legal and business practice working as an in-house counsel, as a top executive at a trading company based in Toronto, and as a partner at a leading Czech law firm.
Luděk's international experience, working in varied commercial and legal settings, enables him to offer authoritative advice on complex domestic and cross-border transactions. He has a record of advising clients on intricately structured, multijurisdictional projects, which he helps to develop and then supports through the implementation and follow-up stages.
Another area of particular strength for Luděk is defending clients before court and arbitration panels, and assisting clients in their dealings with state and municipal authorities and government agencies.
Representing ArcelorMittal Holdings AG as the claimant in arbitration proceedings under a BIT, which ended in the conclusion of a settlement agreement with the Czech Republic.
Brokering a settlement agreement between Airbus Military and OMNIPOL, on the sellers' side, and the Ministry of Defense of the Czech Republic, on the buyer's side, in connection with a purchase agreement regarding the acquisition of military aircraft amounting to US$150 million and the application of possible contractual penalties and damages.
Representing Less & Forest in a dispute against the state-owned enterprise, Lesy České republiky, over the annulment of contracts worth US$300 million as part of the insolvency proceeding of L&F. In the course of complicated court proceedings, we managed to obtain a partial procedural court decision benefiting our client.
Representing ProLogis, the second largest operator of logistics parks in the world, in a number of inter-related real estate disputes. Our work has included representing this global giant, successfully defending the entity before the Superior Court in relation to the ownership title of a large industrial site designed for the construction of a logistics park, whereby the land was claimed by the insolvency trustee of a bankrupt company.
Advising one of the major providers of financial services in the Czech Republic, which has come under scrutiny from the state authorities (the Czech Trade Inspection Authority) in connection with more than 19,000 consumer loan agreements that the client signed with its clients and which allegedly contain an error in the APR (annual percentage rate of charge) calculation, thus harming borrowers.
Representing leading pharmaceutical company Zentiva N.V., a member of Sanofi Group, and its subsidiary, Zentiva k.s., in court proceedings against a former minority shareholder which claims that the amount they received as compensation for their shares in a squeeze-out was inadequate.
Representing Komerční banka, a.s. (a Czech subsidiary of Societe Generale) in a dispute with a construction company involved in a construction project in Africa, whereas our client seeks payment of its receivable under the framework agreement on the provision of financial services.
Representing České radiokomunikace a.s., as claimant, against Telefonica Czech Republic, as defendant, in a dispute related to unfair competition and the abuse of a dominant position on the market for high-speed Internet services. In this dispute, České radiokomunikace a.s. is claiming damages of CZK 2.9 billion before the Prague Municipal Court.
Providing legal advisory services in the area of white-collar crime to a number of foreign clients and in internal investigations (e.g., FCPA).
Providing legal advisory services to AMAYA Group (Pokerstars), including representation in a proceeding before the Czech Ministry of Finance to obtain a basic license for online gambling (the client was granted the first basic license in the Czech Republic).
Ranked as "Leading individual" in Dispute resolution, Legal 500, 2018
Well liked by clients, he is praised for being "exact, flexible and always willing to provide us with necessary legal services.", Chambers Global and Europe, 2017