18
Wed, Oct
49 New Articles

The Slovenian National Assembly adopted the Class Action Law, which will implement an important institute to the Slovenian legal system, i.e. mechanism of class action.

ODI has advised SKB Banka D.D. Ljubljana as a financial creditor on the court-sanctioned procedure of preventive restructuring of approximately EUR 200 million of financial debt of the DZS Group companies Delo Prodaja, d.d., Terme Catez d.d., and DZS d.d.

In The Corner Office, we invite Senior and Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. For this issue, we asked them to describe their least favorite part of their jobs. 

The National Assembly of Slovenia has adopted the new Transnational Provision of Services Act regarding the posting of workers (the “Act”). The Act, which is scheduled to come into force on January 1, 2018, implements European Enforcement Directive 2014/67/EU and imposes new conditions for employers posting workers to and from Slovenia.

On-site inspections conducted by the Market Inspectorate of Slovenia in the last decade have shown that approximately 9% of all software installed on company computers lack the necessary permission of the rightful copyright holders. At the same time, over 40% of inspected companies had at least one unlawful computer program installed when inspected. Results show that SMEs are especially prone to such practices.

ODI has advised Fersped, a Slovenian transport company and a subsidiary of Slovenske Zeleznice (the Slovenian national railway company), in acquiring 100% control over logistics company VV-LOG.  Debernardi & Partners advised sellers Daniel Tomljanovic and Dean Persic on the sale agreement, which was signed with several conditions precedent, including approval by the Slovenian Competition Authority. RMG advised Slovenske Zeleznice.

In The Corner Office we invite Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. The question this time around: Is your personal practice more or less the one you anticipated when you finished law school, or did it change somehow in the interim?

ODI Law has advised the seller -- a private individual -- on the sale of a 42.1218 % stake in Iskra to Taxgroup Gmbh, one of the existing shareholders of the company. The deal also involved the purchase by the firm's client of a share in Caveat Romanae, a Croatian subsidiary of Iskra.

Things are stable in Slovenia at the moment, according to ODI Law Managing Partner Uros Ilic. "The last few year were extremely busy because of the previously-distressed situation in Slovenia," he explains, "but now things are back to normal. On the M&A side you will not have as many large deals as in recent quarters, since the privatization work stream has completely dried up. A few deals in the pipeline, but nothing of a very big size. The sale of Cimos has finally been successfully concluded, the Gorenjska Banka sale and Cinkarna Celje are in process, and a few transactions are still in the pre-marketing stage  It seems that we are also no longer the hot spot for NPL buyers, hedge funds and the like, as normal growth activities/business activities are back."

Page 1 of 5

Slovenia Knowledge Partner

ODI is one of the leading independent corporate law firms in South-Eastern Europe and one of the fastest growing in the region with a team of 40 lawyers which provides legal services to a wide range of premier clients, including local and multinational corporations and financial institutions.  With permanent presence in all ex-Yugoslavia countries by offices in Slovenia, Serbia, Croatia and Macedonia and working desks for Bosnia and Montenegro ODI provides seamless service in the region for all cross-border projects and prides itself on an unmatched understanding of the business cultures in the region. The 4 core practice areas are M&A, Corporate Restructuring, Banking Finance and Dispute Resolution. ODI team has a reputation for successfully managing large and complex multi-jurisdictional transactions, disputes and projects, and delivering outstanding outcomes for clients.

Firm's website: http://www.odilaw.com/

 

Our Latest Issue