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NKO Advises CTP on (Another) Novi Sad Land Acquisition

NKO Advises CTP on (Another) Novi Sad Land Acquisition

Serbia
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NKO Partners has advised CTP on the acquisition of land from the City of Novi Sad.

According to the firm, the land is "intended for development on behalf of the Nidec Elesys Corporation, which deals in manufacturing and sales of automotive inverters and ECUs. The project is proclaimed to be of national interest to the Republic of Serbia by the Serbian Government."

The deal follows another acquisition earlier this year, also "earmarked for development on behalf of the Nidec Corporation, a Japan-based company operating in the global brushless DC motor market" (as reported by CEE Legal Matters on July 7, 2021).

The NKO’s team was led by Partner Djordje Nikolic.