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Harrisons Advises EBRD on EUR 20 Million Loan to Serbia and Montenegro Air Traffic Services

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Harrisons, working with Bird & Bird, has advised the EBRD on a EUR 20 million loan to Serbia and Montenegro Air Traffic Services SMATSA.

SMATSA is an air traffic services agency that covers the air space of Serbia and Montenegro.

According to Harrisons, “the proceeds of the loan shall be used to finance the upgrade of SMATSA’s air navigation IT system to the latest TopSky ATC One version. This software will enhance operational capabilities, maximize runway capacity, and reduce delays, ultimately improving air traffic flow management. It will also boost SMATSA’s efficiency and lower costs by reducing delay penalties and maintenance expenses. This project will be co-financed by the European Investment Bank under a separate financing agreement between SMATSA and EIB.”

The Harrisons team included Consultant Ines Matijevic-Papulin and Associates Mina Zeljkovic and Aleksandar Jovicevic.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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