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The NPL market in Serbia traditionally knows of only two concerns, embodied in the numbers 48 and 204. Although you would assume that numerology had something to do with this assertion, the backstory is actually a lot more appealing.

"Two major things are happening right now which are the focus of our practice: The Tech Industry and Chinese Investors,” says Ivan Nonkovic, Partner and independent attorney at law in cooperation with Karanovic & Partners in Belgrade. "Both things are happening all over the region,” he concedes, ”so not exclusively in Serbia, but they’re definitely significant here too."

As of 1 January 2019, the National Bank of Serbia (“NBS”) took over the competencies of the Ministry of Finance and its department Tax Administration for issuance and revocation of licences to perform exchange operations. The NBS also took over the supervision of foreign exchange operations of Serbian residents and non-residents, being natural persons, entrepreneurs and general legal entities. The NBS adopted several decisions in order to execute the delegated competencies:

BDK Advokati has advised Montenegro's Industriaimport-Industriaimpex AD on its acquisition of 49% of the registered capital of Serbian pharmaceutical wholesaler Farmalogist d.o.o. from private equity firm Adriatic Fund B.V., and in connection with the Shareholders’ Agreement entered into with the owners of the remaining 51% of the shares. HRLE advised Adriatic, while Bojanovic & Partners advised the owners of 51% of the shares in Farmalogist.

BDK Advokati, working with international legal counsel Allen & Overy, has announced that it acted as Serbian legal counsel to the lenders providing over EUR 400 million loan commitments for Vinci's concession agreement to take over the management of Belgrade's Nikola Tesla Airport, which closed on December 21, 2018.

Arcliffe has assisted Yazaki on corporate and labor-related matters related to the company's activity in Czech Republic, Slovakia, Serbia, Romania, Bulgaria, Slovenia, and Croatia. ODI Law supported Arcliffe in the Adria region countries.

Serbia Knowledge Partner

Karanović & Nikolić is a leading international legal practice in South East Europe that offers unrivalled regional and sector specific coverage to investors. As a market leading practice, our dedication, quality legal service, and in-depth understanding of the needs of our clients stands out as a differentiating factor. With over 100 advisors across the region, our original values remain an integral part of our philosophy and approach to client work. Karanović & Nikolić has been involved in many of the largest and most complex transactions in the region and we take pride in our reputation as a regional transactional and corporate/commercial legal powerhouse.

Because we have an active business presence in Bosnia & Herzegovina, Croatia, Macedonia, Montenegro, Serbia and Slovenia, we operate seamlessly across all of these jurisdictions, providing regional services to our clients, while taking into consideration local particularities in order to provide the best legal advice under competitive terms. Renowned for the quality of our lawyers and our commercial approach to solving problems, Karanović & Nikolić advises many of the leading companies, banks, investors and government institutions doing business in the SEE region.

All News about, and Legal Analysis by, Karanovic & Nikolic can be found here.

Firm's website: https://www.karanovic-nikolic.com/

 

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