The Adriatic Legal Network has announced that Bosnia & Herzegovina's Sajic and Macedonia's Pepeljugoski law firms have joined the alliance formed in June of last year by Serbia's Joksovic, Stojanovic and Partners, Slovenia's Miro Senica and Attorneys, and Croatia's Kallay and Partners law firms.
Dorda Rechtsanwalte has advised Austrian real estate investor and developer Supernova Group in its successful acquisition of four DIY retail properties in Croatia: The Garden Mall shopping center in Zagreb, two retail parks in Koprivnica and Sisak, and one property in Pozega. For the Croatian legal aspects, Dorda collaborated with Pecarevic & Relic.
CMS has advised long-standing client OTP Group on its acquisition of Societe Generale’s Croatian bank, Splitska Banka, and its leasing and insurance subsidiaries. Jones Day Paris was lead counsel to Societe Generale, with Schoenherr Zagreb advising on Croatian matters.
In Croatia, acquiring a company’s own shares is often a useful tool for the implementation of management and employee reward plans, employee stock ownership plans (ESOP), and various bonus policies of joint stock companies. The company would normally acquire a desired number of its own shares and distribute them to selected employees according to a reward program. EU legislation describes these programs as “buy-back programs.”
Norton Rose Fulbright has advised Inter Cars S.A. and its group companies on a PLN 1.1 billion loan facility. Clifford Chance, working with Tark Grunte Sutkiene (TGS), Divjak, Topic & Bahtijarevic (DTB) and Montanios & Montanios, advised Bank Pekao S.A. (agent), mBank S.A. (security agent), and Bank Handlowy w Warszawie S.A. (Citi Handlowy), ING Bank Slaski S.A., Bank BGZ BNP Paribas S.A., DNB Bank, and Caixa Bank as mandated lead arrangers on the facility.
Schoenherr has advised Kansai Paint Co Ltd., from Osaka, on the acquisition of the Helios Coatings Group from Ring International Holding AG ("RIH"), GSO Capital Opportunities Fund II (Luxembourg) S.a r.l., and Templeton Strategic Emerging Markets Fund IV, LDC. The sellers were advised by Brandl & Talos.
In The Corner Office, we invite Managing Partners at law firms from across the region to share information about the strategies they employ to keep their teams motivated, effective, and focused. For this issue, we asked them to reveal what sorts of firm retreats and activities they host and/or organize for their lawyers.
They say there is a grain of truth in every joke. Ten years ago, the movie Man of the Year was released, and in it Tom Dobbs, Robin Williams’s character, joked: “Soon, all of your appliances will speak to each other. You’ll get on the scale and it’ll go, ‘I’ve talked to the microwave; forget it, pal.’” A decade later, that statement is nothing but the truth. Well, maybe, we could still possibly find a grain of joke in it.
Milan Lomic is the General Counsel Adria & Balkan at L’Oreal, a company that he joined in October 2012. Prior to that he worked for Metro Cash & Carry as a Legal Advisor and Antitrust Officer. He has also worked as a Legal Advisor at Unicredit Bank Serbia and as an Assistant to the Judge at the Fifth Municipal Court in Belgrade.
Whereas the leading commercial law firms in Serbia report growth and opportunity, their counterparts in Croatia demonstrate an acceptance of the stop-and-start nature of that market. In an extended lunchtime conversation about with CEE Legal Matters, Divjak, Topic & Bahtijarevic Partner Damir Topic and Wolf Theiss Managing Partner Luka Tadic-Colic displayed a resigned sense of humor about the challenges they face in Croatia and a willingness to take things as they come.
Schoenherr is reporting that, on September 30, 2016, Michael Lagler was elected as the new Managing Partner at the firm, where he will take over from Christoph Lindinger, who has led the Central and Eastern European law firm for the past 16 years. Lagler's term will begin at the start of the firm’s next fiscal year, on February 1, 2017.