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Harrisons Advises EBRD on Loan to Upgrade System for Air Navigation in Serbia and Montenegro

Harrisons Advises EBRD on Loan to Upgrade System for Air Navigation in Serbia and Montenegro

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Harrisons has provided Serbian advice to the EBRD related to its EUR 35 million loan to the Serbia and Montenegro Air Traffic Services LLC.

The Serbia and Montenegro Air Traffic Services Agency is the regional air traffic control service covering Serbia, Montenegro, and about 55% of Bosnia and Herzegovina. The funds will be used to finance part of the required upgrade program for Single European Sky compliance (hardware and software upgrades of SMATSA’s air traffic control system), and ultimately improve air navigation services in the two countries.

According to Harrison's, "this comprehensive modernization program falls in line with the harmonization process of the European Common Aviation Area, which aims to make air services across Europe more affordable and efficient, for the benefit of passengers and other users of airspace."

Ines Matijevic-Papulin, Head of Finance at Harrison's, led the firm's team, assisted by Senior Associate Jovan Cirkovic and Associate 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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