BDK and Clifford Chance advised the EBRD, IFC, and the Development Bank of Austria on financing for a waste management public-private partnership project in the Vinca district of Belgrade. The City of Belgrade was advised by Hogan Lovells and Karanovic & Partners, with Karanovic & Partners also advising IFC on the matter. Baker McKenzie and Wolf Theiss reportedly also advised the financial institutions as well.
The project, which has a total investment size estimated of approximately EUR 350 million, is supposed to resolve the environmental hazard caused by one of the largest dumpsites in Europe. The Vinca landfill currently covers an area of 70 hectares, and, in its current state, it is believed to be a dangerous health hazard. The project involves the development of a new landfill, remediation and closure of the existing one, and construction and operation of the incineration plant and development of ancillary infrastructure.
The BDK Advokati team was led by Senior Partner Dragoljub Cibulic and also involved Partner Milan Dakic, Senior Associate Dragoljub Sretenovic, and Associates Djordje Zejak and Igor Matic.
The Karanovic & Partners team included Senior Partner Darko Jovanovic and Senior Associate Mina Sreckovic.