On the morning of October 2, 2017, representatives from many of the leading law firms in Bosnia – and two senior in-house counsel – gathered in the Sarajevo offices of Wolf Theiss Bosnia & Herzegovina to discuss the state of the legal market in their uniquely structured country.
AP Legal Acted has advised UniCredit Bank Srbija a.d. Beograd (a subsidiary of Elicio) on financing provided it and International Finance Corporation (IFC) for the development of the Alibunar wind-farm by Electrawinds-s d.o.o. Belgrade. IFC reportedly was advised on English law by Allen & Overy and on Serbian law by Karanovic & Nikolic.
Karanovic & Nikolic has advised Societe Generale Srbija on its acquisition of a part of Jubanka AD Beograd's credit portfolio, including housing and cash credits, credit cards, and credits for small and medium-sized enterprises. Zivkovic Samardzic advised Jubanka on the deal, which makes Societe Generale Srbija the third largest bank in Serbia in terms of credit volume.
On Thursday, November 30th, leading legal practitioners from across Central and Eastern Europe gathered in Prague to help CEE Legal Matters celebrate its fourth successful year as the leading chronicle of the legal industry in the region, participating in an expert Round Table conversation about the year just concluded and enjoying an evening of dinner, drinks, and bonhomie.
Macedonian lawyers cooperating with Karanovic & Nikolic have advised Central Asia Metals on its EUR 340 million acquisition of 100% of Lynx Resources, which operates the SASA zinc-lead mine in Macedonia, from Orion Co-investments III and Fusion Capital. The Georgi Dimitrov Law Firm reportedly advised the sellers.
The commercial legal markets of Central & Eastern Europe didn’t appear automatically. They didn’t develop in a vacuum. They were formed, shaped, and led, by lawyers – visionary, hard-working, commercially-minded, and client-focused individuals pulling the development of CEE’s legal markets along behind them as they labored relentlessly for their clients, their careers, their futures.
Karanovic & Nikolic has advised the Belgian renewable energy group Elicio NV on the EUR 9.8 million financing its wholly-owned subsidiary Electrawinds Mali WF d.o.o. received from UniCredit Bank Serbia for the development, construction, and operation of the Malibunar wind park.
Karanovic & Nikolic has announced that former Peterka & Partners Partner Alexander Poels joined it on September 1, 2017 as Partner and Director of International Relations.
Karanovic & Nikolic has advised Bulgaria's River Styxx Capital investment fund on the acquisition of 85% of the shares in Telenor Banka. Moravcevic Vojnovic and Partners in cooperation with Schoenherr) advised Telenor on the transaction, which sees the Norwegian telecommunications group keeping 15% of its shares in the online bank.
Intellectual property infringement through the circulation and sale of counterfeit goods is still very much both a global and a local issue. As modern day counterfeiting is now acquiring more sophisticated forms involving a plethora of new and usually unsuspected goods (for example, pharmaceuticals) and with the intent of not only existing on the black markets but infiltrating into the legal market flows as well, we are faced with the need for a more aggressive approach requiring first and foremost improved legislation and subsequently more efficient enforcement activities.
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.