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Czech Republic
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Registered in the Commercial Register maintained by the Municipal Court in Prague under file C 105100 .
ASB Group supported one of this year’s most significant real estate transactions – the acquisition of the iconic Palladium building in Prague. The new owner of this prestigious property is REICO IS EAM, which is adding the building to the portfolio of the REICO NEMOVITOSTNÍ fund. This is historically the largest single-asset transaction ever completed on the Czech market.
The Polish Parliament has passed an amendment to the Labor Code, introducing new rules for calculating length of service effective in 2026. The reform expands the definition of service to include various forms of professional activity beyond standard employment contracts, such as civil law agreements, business operations, and documented work abroad—provided pension and disability contributions were paid. These changes will impact employee entitlements including annual leave, severance pay, and notice periods. Public sector employers will implement the new rules from January 1, 2026, while private sector employers will follow six months after the law’s publication. Employees will have 24 months to submit documentation verifying additional service periods. The amendment aims to create a fairer and more inclusive system for all professionally active individuals.
ASB Slovakia provided transaction advisory services to the investor Mitiska REIM, which has become the new owner of OC Cassovia, a prime retail center located in eastern Slovakia.