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JPM Successful for Worldfin in Privatization Case

JPM Successful for Worldfin in Privatization Case

Serbia
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Jankovic Popovic Mitic has successfully represented Worldfin before the Court of Appeal in Belgrade in a corruption charges case related to the privatization of Luka Beograd.

According to JPM, "Worldfin was charged for acquiring unlawful financial gain by colluding with the officials from the Ministry of Privatization and Privatization Agency, as well as with the top management of Luka Beograd JSC during the successful takeover bid by which Worldfin become the majority shareholder of this company." All of the defendants, including the (at the time) minister for Privatization and Directors of the Privatization Agency, the Share Fund, and Luka Beograd JSC, have been acquitted.

According to the firm, the proceedings lasted for nearly ten years before "the Court of Appeal in Belgrade has finally confirmed the second first instance acquittal ruling of the Higher Court in Belgrade – Organized Crime Department."

JPM’s team was led by Senior Partner Nenad Popovic.