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JPM Advises on MetLife Life Insurance Portfolio Transfer in Serbia

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The National Bank of Serbia’s Administration for Supervision of Financial Institutions has approved MetLife’s application to transfer a portion of its life insurance portfolio to the joint-stock insurance company Wiener Stadtische osiguranje.

The approval was granted on January 17, 2014, and the portfolio transfer is effective as of December 31, 2013.

JPM Finance Senior Partner Jelena Gazivoda and Partners Aleksandar Hadzic and Nikola Dordevic supported MetLife in the transaction.

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Karanovic & Partners is a regional legal practice in Southeast Europe with tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, Macedonia and Bosnia & Herzegovina. With more than 100 attorneys at law cooperating across the region, we take pride in our work, dedication and understanding of our clients' industries and needs.

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We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, startups and NGOs. We see our clients as long-term partners.

We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

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In our company culture, excellence is a must. We are reliable, adaptive and fast.

Karanovic & Partners operates under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

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