The Maric i Mujezinovc law office in cooperation with Kinstellar provided local advice to Vetroelektrane Balkana in relation to the EUR 300 million financing of the largest wind farm project in Serbia. The lenders were advised by Karanovic & Nikolic and Norton Rose Fulbright.
BDK Advokati has advised Enlight Renewable Energy, as the sponsor, and Electrawinds K-Wind, as the borrower, on the EUR 142 million project financing of Serbia's 104.5 MW Kovacica Wind Farm provided by parallel loans from Erste Group Bank AG (supported by the German Export Credit Agency Euler-Hermes), Erste Bank Serbia, and the EBRD. Dentons was international counsel to Enlight, and the lenders reportedly were advised on international law by Norton Rose Fulbright and by Harrisons on local legal matters.
AP Legal Acted has advised UniCredit Bank Srbija a.d. Beograd (a subsidiary of Elicio) on financing provided it and International Finance Corporation (IFC) for the development of the Alibunar wind-farm by Electrawinds-s d.o.o. Belgrade. IFC reportedly was advised on English law by Allen & Overy and on Serbian law by Karanovic & Nikolic.
Karanovic & Nikolic has advised Societe Generale Srbija on its acquisition of a part of Jubanka AD Beograd's credit portfolio, including housing and cash credits, credit cards, and credits for small and medium-sized enterprises. Zivkovic Samardzic advised Jubanka on the deal, which makes Societe Generale Srbija the third largest bank in Serbia in terms of credit volume.
On Thursday, November 30th, leading legal practitioners from across Central and Eastern Europe gathered in Prague to help CEE Legal Matters celebrate its fourth successful year as the leading chronicle of the legal industry in the region, participating in an expert Round Table conversation about the year just concluded and enjoying an evening of dinner, drinks, and bonhomie.
Biomass represents the most widespread source of energy in Serbia, making for around 60% of the total potential renewable energy resources. However, national biomass estimations indicate that it is not sufficiently exploited. In order to increase the share of biomass, Serbia is investing significant efforts in the development of this valuable energy resource.
JPM Jankovic Popovic Mitic has advised South East Asia Resources Limited, a publicly listed Australian mining company, in the process of raising additional funds to explore and develop future mining projects in Serbia.
Gecic Law has acted as legal counsel to the Government of Serbia and the Zelezara Smederevo steel mill with respect to an European Commission investigation on State Aid received by the old company, and the potential obligation of Hesteel Serbia to reimburse it, under the Stabilization and Association Agreement.
JPM has announced that it has "terminated cooperation" with Partners Uros Markovic and Nikola Vukotic, effective immediately.