JPM Jankovic Popovic Mitic has advised Smartsy on its issuance of a financial instrument conveying the right to acquire shares in the company.
Smartsy is a Serbian company that produces luxury dog houses.
According to JPM, following the procedures before the Agency for Business Registers and the Central Securities Depository and Clearing House, Smartsy became one of the first batch of 15 companies in Serbia to undertake such an issuance. Smartsy placed 10% of its ownership up for potential acquisition via this instrument which, according to JPM, gives "companies a legally regulated option to stimulate third parties, in such a way as to enable those parties to be included in the ownership structure."
JPM’s team included Partner Nikola Djordjevic and Senior Associate Zivko Simijonovic.