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Portrait of Lukas Valusek

Lukas Valusek

Counsel

CMS Cameron McKenna Nabarro Olswang, advokáti, v.o.s.
Palladium, Na Poříčí 1079/3a
110 00 Prague 1
Czech Republic
Languages Czech, English, Slovak

Lukáš Valúšek is counsel in the Banking & Finance team at CMS Prague. He specialises in large-scale restructuring and insolvency matters, NPL transactions, financial services regulatory issues, and also has considerable experience advising both lenders and borrowers on cross-border financing transactions in the Czech Republic. Before joining CMS in 2014, Lukáš gained a number of years’ experience in various in-house positions at banks in the Czech Republic.

Lukáš is a certified insolvency practitioner.

 

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Relevant experience

  • ECA backed lenders on the restructuring of New World Resources Plc and its subsidiary company (Czech Republic) OKD, a.s. which owns seven coal mines in the Czech Republic, has over 13,000 employees, and was forced to file for bankruptcy in May 2016.
  • Balbec Capital on the purchase of portfolios of NPLs in the Czech Republic.
  • A Czech investor on the purchase of real estate assets worth USD 100m+ in reorganisation.
  • A distressed debt investor on the purchase of a manager of non-performing assets.
  • An EU bank on entering the Czech consumer loan market.
  • A Czech bank on strengthening its Tier 1 capital and remuneration policies.
  • Raiffeisen Bank International Group on outsourcing regulations under Czech law.
  • Euroclear on securities settlement and securities depository regulatory matters in the Czech Republic.
  • An EU central depository on establishment of the links in the Czech Republic.
  • Deka Immobilien on the financing for the acquisition of “the Park” office complex in Prague.
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Memberships & Roles

  • Member, Czech Bar Association
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Education

  • 2007 – JUDr., Charles University, Prague
  • 2004 – Mgr., Trnava University, Trnava
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16/11/2016
CMS ad­vises Deka Im­mob­i­li­en on a land­mark deal in the Czech Re­pub­lic
CMS has ad­vised Ger­man real es­tate fund Deka Im­mob­i­li­en on the ac­quis­i­tion of the pres­ti­gi­ous build­ing com­plex “The Park” in Prague from an af­fil­i­ate of glob­al private in­vest­ment firm, Star­wood Cap­it­al...

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08/04/2022
Re­struc­tur­ing and in­solv­ency law in the Czech Re­pub­lic
1. What is the primary le­gis­la­tion gov­ern­ing in­solv­ency and re­struc­tur­ing pro­ceed­ings in your jur­is­dic­tion? The Czech In­solv­ency Act (no. 182/2006 Coll.) and the European Reg­u­la­tion on In­solv­ency Pro­ceed­ings...
Comparable
24/03/2021
Fur­ther changes to per­son­al in­solv­en­cies on the ho­ri­zon
Less than two years since the big “debt re­lief” bill entered in­to force on 1 June 2019, the Czech Min­istry of Justice has sent to the Par­lia­ment a bill amend­ing the per­son­al debt re­lief pro­ced­ure...
24/03/2021
Do­ing busi­ness with an in­solv­ent cus­tom­er. How to re­cov­er your trade re­ceiv­ables?
See­ing a good cus­tom­er face solvency is­sues is al­ways prob­lem­at­ic at best. If the cus­tom­er stops its op­er­a­tions, the case is clear: we stop de­liv­er­ing, lodge our claims in the in­solv­ency pro­ceed­ings and...
02/10/2020
AML and CTF law and reg­u­la­tion in the Czech Re­pub­lic
1. What na­tion­al leg­al act(s) provide for Anti-Money Laun­der­ing (AML)/Counter Ter­ror­ist Fin­an­cing (CTF) meas­ures in your coun­try? Act No. 253/2008 Coll., on cer­tain meas­ures against money laun­der­ing...
Comparable
31/08/2020
Sta­bil­isa­tion and re­struc­tur­ing law in the Czech Re­pub­lic
1. Which fin­an­cial (not tax or la­bour) short-term com­pens­a­tion schemes for im­me­di­ate losses due to so­cial dis­tan­cing meas­ures have been im­ple­men­ted? For which in­dus­tries/sizes of busi­ness? Dir­ect sup­port...
09/04/2020
Czech in­solv­ency rules to change un­der Lex COV­ID-19
In re­ac­tion to the an­ti­cip­ated eco­nom­ic im­pacts of the COV­ID-19 pan­dem­ic, on 31 March 2020 the Czech Gov­ern­ment ap­proved the so-called ‘Lex COV­ID-19’ and sent the draft law to the Par­lia­ment for ex­ped­ited...
09/04/2020
Czech Su­preme court rul­ing places lim­its on how much banks can col­lect...
It is not an un­com­mon prac­tice that bor­row­ers in fin­an­cial dif­fi­culties wish to pay their debts to their banks be­fore oth­er cred­it­ors. This may be par­tic­u­larly the case in in times of crisis like the...
09/04/2020
Rid­ing through the storm: du­ties of board mem­bers in times of crisis
This is, of course, a very dif­fi­cult time for both in­di­vidu­als and busi­nesses as they nav­ig­ate deep wa­ters of the on-go­ing COV­ID-19 pan­dem­ic. Gov­ern­ments around the world have im­posed meas­ures to com­bat...
02/04/2020
Czech in­solv­ency rules to change un­der Lex COV­ID-19
In re­sponse to the an­ti­cip­ated eco­nom­ic im­pact of the Cov­id-19 pan­dem­ic, on 31 March 2020 the Czech Gov­ern­ment ap­proved the so-called ‘Lex COV­ID-19’ and sent the draft law to the Par­lia­ment for ex­ped­ited...
28/06/2019
EU Dir­ect­ive on Pre­vent­ive Re­struc­tur­ing: A miss­ing piece of the puzzle...
On 6 June 2019, the Coun­cil ap­proved the European Par­lia­ment’s pro­pos­al for a Dir­ect­ive on pre­vent­ive re­struc­tur­ing frame­works, second chance and meas­ures to in­crease the ef­fi­ciency of re­struc­tur­ing...
28/06/2019
New rules on the dis­charge of debt pro­cess and their im­pact on NPL trans­ac­tions
Politi­cians and the me­dia alike have lauded the new amend­ment to the in­solv­ency act as the Czech Re­pub­lic’s law of the year 2019. This is primar­ily be­cause the new rules give new hope to many in­di­vidu­als...
24/04/2019
CMS Re­struc­tur­ing Wed­nes­days - In­solv­ency
CMS “Re­struc­tur­ing Wed­nes­days” is a sem­in­ar series on the key leg­al as­pects of re­struc­tur­ingCMS is pleased to in­tro­duce a series of four break­fast sem­inars: “Re­struc­tur­ing Wed­nes­days”. We will...