The Prague arm of US giant White & Case has scooped a lucrative tender to advise the Czech Government on a landmark energy privatisation, following on from a major shake-up earlier this year of the country’s takeover code.

White & Case beat rival tenders from CMS Cameron McKenna, Lovells, Norton Rose and Dewey Ballantine to represent the Czech National Property Fund on the sale of its 63% stake in Unipetrol, which is expected to generate millions of euros in proceeds.