LEGATE advised on a client’s exit from a joint venture in the telecommunications sector

LEGATE provided comprehensive legal advice to a client in connection with its exit from a joint venture with a licensed telecommunications operator. The transaction involved the transfer of the client’s 50% equity and voting rights in a company operating in the retail sale of telecommunications services and related consumer goods. The company operated approximately 50 retail stores across Slovakia.

LEGATE’s legal advisory services covered the structuring of the transaction and the preparation of comprehensive transaction documentation. The mandate also included securing the release of the client and its affiliated persons from obligations relating to the joint venture.

LEGATE further provided legal support throughout the entire transaction process. This covered the signing of the transaction documentation, closing and subsequent post-closing matters. These included related registration requirements and the comprehensive settlement of relationships between the parties involved.

The transaction documentation was signed in September 2026, with closing taking place in October 2026.

The LEGATE team advising on the transaction consisted of Norbert Havrila a Laura Smutná.