BDK Advokati and Dentons have advised Expobank CZ A.S. on the acquisition of 100% of shares in Marfin Bank A.D. Beograd from Cyprus Popular Bank Public Co Ltd. Moravcevic Vojnovic and Partners in cooperation with Schoenherr, working alongside Linklaters, advised Bank of Cyprus Public Company Limited on the restructuring of receivables against Marfin Bank which facilitated the sale.
The Sale and Purchase Agreement was signed on September 30, 2016 and closing occurred on February 28, 2017, following the carve-out of NPLs from the portfolio of Marfin Bank A.D. Beograd and completion of squeeze out and delisting of the bank from the Belgrade Stock Exchange. BDK Advokati is also reporting that it advised Expobank on regulatory approvals issued by the National Bank of Serbia and the Serbian Commission for Protection of Competition.
BDK Advokati Managing Partner Tijana Kojovic and Associate Dragoljub Sretenovic provided advice on NPL carve-out and competition clearance, while Senior Partner Vladimir Dasic and Senior Associate Marija Doci assisted Expobank in the process of obtaining regulatory approval from NBS and closing of the SPA.
The Dentons team was led by Moscow-based Partner Alexei Zakharko.
The Moravcevic Vojnovic and Partners in cooperation with Schoenherr team consisted of Partners Matija Vojnovic, Nikola Babic, and Petar Kojdic.
