The EU Directive on Work-life balance was implemented in the Slovenian national legislation on 01 April 2023, resulting in notable changes and obligations for employers. As for the EU Directive on Transparent and predictable working conditions, its provisions will be incorporated within the amendments to the Employment Relationship Act, which will anticipatedly be presented to the National Assembly for adoption in the upcoming autumn. What implications do these directives hold for businesses?
Fatur Menard Advises Trigal RE Fund on Acquisition of Situla Business Center in Slovenia
Fatur Menard has advised the Trigal RE Fund on its acquisition of the Situla commercial building in Ljubljana from Centauro Holdings. The Brezovec law firm reportedly advised Centauro Holdings.
Karanovic & Partners Advises OTP Group on Acquisition of Ilirika Fund Management Company
Karanovic & Partners has advised the OTP Group on its acquisition of the Ilirika Fund Management Company in Serbia.
Solid Slovenia: A Buzz Interview with Jan Gorjup of Kirm Perpar
The business situation in Slovenia remains solid, although several challenges worsening prospects for the future are present – from the worker shortage to increasing prices and indications of a potential slowdown – while the country works on its green transition and considers reforming its tax, pension, and health systems and employment legislation, according to Kirm Perpar Partner Jan Gorjup.
Closing: OMV’s Sale of OMV Slovenija to MOL Now Closed
On June 30, 2023, Schoenherr announced that OMV’s sale of OMV Slovenija to MOL (as reported by CEE Legal Matters on June 17, 2021) had closed.
Slovenia: Are ESG Financings and Alternative Sources of Lending the Answer to Increasing Borrowing Costs and Strict Banking Rules?
In the context of the ESG framework, under the planned allocation within the EU, Slovenia should (according to the EIB) allocate EUR 520 million per year to renewable energy sources and their efficient use, and EUR 780 million per year if we add transport, waste, and water to the equation.
Legislative Changes in Slovenia Related to Cross-Border Services and Employment of Foreign Nationals
On 22 March 2023, an amendment to the Transnational Provision of Services Act (Zakon o čezmejnem izvajanju storitev – ZČmIS-1, “Act on Cross-Border Services“) was adopted and partially came into force on 18 April 2023, with individual provisions becoming effective on 1 January 2024.
ODI Law and Wolf Theiss Advise on SHS Capital EUR 18 Million Investment in MESI Medical
ODI Law has advised Slovenian diagnostic company MESI on the EUR 18 million investment received from SHS Capital's SHS VI Healthcare Investments fund. Wolf Theiss advised the investor.
Selih & Partnerji and Premrl Law Office Advise on Sale of Tabor II Shopping Center to Boscarol
Selih & Partnerji has advised Nova KBM on its sale of the Tabor II shopping center in Maribor, Slovenia, to Boscarol d.o.o. through an auction process. The Premrl Law Office advised the acquiring company and its shareholder, Ivo Boscarol, on the acquisition.
Employment Brief: Regulatory updates from Slovenia
A couple of legislative changes that affect working parents, foreign employees and posted employees recently came into effect in Slovenia.
Arbitration Association of Central and Eastern Europe Launches in Bratislava
On June 7, 2023, the Arbitration Association of Central and Eastern Europe – ArbCEE – was officially launched in Bratislava.
Slovenia: The Rising Cost of Building Materials and the Invariability of Price Clause
In the past few years, the global community has faced the acute challenges of the COVID-19 health crisis and the war in Ukraine, which significantly impacted the continuing rapid increase of prices in the building industry. The main reasons for the rising prices of building materials were initially linked to the health crisis, as many production facilities were closed and production was severely delayed. Once the post-closure period started, demand for materials worldwide surged, exceeding supply.
Banking & Finance in Slovenia
Contributed by Jerovsek & Malis.
Cytowski & Partners Advises HireApp and South Central Ventures on USD 1.5 Million Financing Deal
Cytowski & Partners has advised both South Central Ventures and Serbia's HireApp on their USD 1.5 million seed financing agreement.
Wolf Theiss Advises Erste Bank on Sale of Velenjka Shopping Center
Wolf Theiss has advised Erste Group Bank on WG Projektiranje’s sale of the Velenjka shopping center in Velenje, Slovenia, to Velenjka doo. The Ptuj-based Mayr law firm reportedly advised the buyer.
Slovenia Started Its Green Transition: A Buzz Interview with Blaz Ogorevc of Selih & Partnerji
Slovenia strongly emphasizes infrastructure development as an integral component of its commitment to the green transition, together with developments in solar, wind, geothermal, and hydrogen energy projects, according to Selih & Partnerji Partner Blaz Ogorevc.
Capital Markets in Slovenia
Contributed by Jadek & Pensa.
Schoenherr and Freshfields Advise on EUR 1.4 Billion Sale of Cargo-Partner Subsidiaries to Nippon Express
Schoenherr, working with Luther and Hogan Lovells, has advised the Cargo-Partner Group Holding on its EUR 1.4 billion sale of Cargo-Partner GmbH and 60 other subsidiaries to Nippon Express Holdings. Freshfields Bruckhaus Deringer advised the buyer.