Weil is representing OTP Bank on two major transactions involving its Romanian and Serbian subsidiaries and the National Bank of Greece. Karanovic and Nikolic provided local advice to OTP in Serbia, and Schoenherr provided local advice in Romania. Freshfields advised the National Bank of Greece on both deals.
Zivkovic Samardzic has advised the British Broadcasting Corporation on the incorporation of its representative office and the regulatory aspects of its new digital service in the Serbian language. The BBC's Serbian incorporation followed the announcement of the launch of 12 new BBC World Service language services around the world.
On 12 July 2017, Serbian Commission for Protection of Competition (the “Commission”) enacted a Decision by which it enacted a measure for protection of competition due to implementation of concentration contrary to the legal obligation to notify the Commission of the concentration and to receive its prior approval, even though the legally stipulated revenue thresholds for reporting the concentration in this particular case were met (the “Decision”).
BDK Advokati has advised the Czech company Lach:ner s.r.o., a regional distributor of pure chemicals, specialized services, and innovative products, on the acquisition of 100% of shares in Serbian Proanalytica d.o.o., a distributor of laboratory chemicals. The Lukic law firm advised the sellers on the deal, which closed on August 4, 2017.
October 20, 2017 - Hyatt Regency Hotel, Belgrade
Serbian legislation provides for a maternity leave compensation in the amount of the mother’s average salary in the last 12 months before the leave. The compensations is paid from the state budget, but the procedure of ascertaining the right to maternity leave compensation is conducted by local government.
Zivkovic Samardzic is reporting a successful representation of Dan Graf d.o.o. — the publisher of the Belgrade-based Danas newspaper — and Danas' former Editor in Chief against a civil defamation claim brought by Djordje Vukadinovic, a member of the Serbian parliament and Editor of the Nova Srpska Politicka Misao periodical.
JPM has advised Gauselmann Group on the acquisition by subsidiary Merkur Casino Austria of 51% shares in Beo Impera and Pionir Internacional, which each own 50% shares in Balkan Bet and Merkur Games. The Baklaja Igric Tintor firm advised the sellers.
The Deal: On December 8, 2016, CEE Legal Matters reported that Wolf Theiss had advised the EBRD on its issuance of RSD 2.5 trillion Floating Rate Bonds due December 2019. AP Legal advised Raiffeisen Banka A.D., Beograd, acting as underwriter for the issuance, and Harrisons advised marketing agent Citigroup Global Markets Limited.