Milan Horák
Biography
Overview
Milan Horák is an associate of the Prague office of White & Case and a member of its tax group. He primarily focuses on VAT, income tax and M&A.
While studying law at Charles University and finance at the University of Economics in Prague, Milan worked in a smaller law firm as a legal intern for two years, where he gained experience in general civil and commercial law.
Milan also studied for several months at University of Zürich, and participated in a two-year distance learning program (English and European Law) at the University of Cambridge. During his studies, he mainly focused on corporate law and financial accounting, which led to his interest in tax law. Both of his master theses dealt with tax law, in particular, with the abuse of law doctrine in respect of income tax and VAT.
Experience
Milan has advised, among others, the following representative clients:
RCS & RDS (formerly Romanian Cable System & Romanian Data System), one of the biggest telecommunication operators in South-Eastern Europe and the largest cable and satellite television company in Romania, mainly on Czech tax issues of its former Czech subsidiary.
BMO Real Estate, an investment boutique and the property specialist with GBP 5.6 billion of assets under management across core European markets, in structuring of their real estate acquisitions in the Czech Republic, including the acquisition of the Van Graaf and the Diamant properties on Wenceslas Square in Prague.
Klépierre, European specialist in shopping center properties, on tax structuring of the acquisition of a retail property in the Czech Republic.
Individuals and founding shareholders of Apiary, Czech start-up company focusing on API design and collaboration, on the sale of Apiary to Oracle, a world-leading technology firm. The advisory included assistance to employees of Apiary on tax effects of their stock options through the deal.
The Stars Group (formerly Rational Group), owner of industry leading gaming brands including PokerStars or BetStars, in connection with gambling permit and gambling tax in the Czech Republic.
KGAL Investment Management, company managing a fund of a well-known German insurance group, on tax aspects related to the acquisition of the DRN property in downtown Prague.
KGAL Investment Management in its acquisition of Charles Square Center, a prominent multi-purpose property in downtown Prague, including tax and financial due diligence, acquisition structuring, investment cash flow modelling, and tax and financial aspects of post transaction merger.
Erste Group Bank AG, Česká spořitelna, a.s., UniCredit S.p.A., UniCredit Bank Czech Republic and Slovakia, a.s., Société Générale S.A. and Komerční banka, a.s. as mandated lead arrangers on tax aspects in connection with syndicated financing provided to CTP Group, one of the largest industrial developers in the CEE region, for the purposes of refinancing the existing financial indebtedness of certain property companies within CTP Group that operate logistic parks in the Czech Republic. At an amount of EUR 1.9 million, this is one of the largest real estate financings in the CEE region.
Uber, an American multinational transportation network company offering services that include peer-to-peer ridesharing, ride service hailing, food delivery, and a bicycle-sharing system, on tax aspects of streamlining of the Uber Eats food delivery project in the Czech Republic by involving an "invoicing aggregator".
ČEZ Group, the largest electricity generation and distribution company in the Czech Republic and one of the ten largest energy companies in Europe, on tax aspects of the annual update of its EUR 8 billion EMTN programme.
