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Zivkovic Samardzic Successful for Vlade Divac in Serbia's Commercial Appellate Court

Zivkovic Samardzic Successful for Vlade Divac in Serbia's Commercial Appellate Court

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Zivkovic Samardzic’s dispute resolution team has secured a victory in Serbia's Commercial Appellate Court for Vlade Divac, a former NBA star and current Vice President of Basketball Operations and General Manager of the Sacramento Kings in the NBA.

The victory came, Zivkovic Samardzic reports, in "one of a series of cases instituted against Divac by Vojin Dordevic, a Serbian businessman and the former owner of a water bottling plant, where Mr. Dordevic claimed more than EUR 10 million compensation for the shares in the plant."

Zivkovic Samardzic also acted for Vlade Divac in a 2016 shareholder dispute among the same parties, in which where the Court of Cassation decided not to nullify or rescind certain share transfer agreements related to shares in an alcoholic beverages producer and water bottling plant, thus leaving the plant in Divac’s ownership. 

According to the firm, "the latest decision of the Commercial Appellate Court is brought in a case where Dordevic claimed alleged unpaid balance over the full value of the water bottling plant shares. However, the court found that it was Mr. Dordevic who failed to conduct as agreed and stipulated by the Letter of Intent in 2006, by failing to, inter alia, increase the capital of the company, as well as to transfer certain licenses and clear certain mortgages, thus deciding in favor of Mr. Divac."

The Zivkovic Samardzic team representing Vlade Divac was led by Partner Marko Trisic

Serbia Knowledge Partner

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