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On 12 July 2017, Serbian Commission for Protection of Competition (the “Commission”) enacted a Decision by which it enacted a measure for protection of competition due to implementation of concentration contrary to the legal obligation to notify the Commission of the concentration and to receive its prior approval, even though the legally stipulated revenue thresholds for reporting the concentration in this particular case were met (the “Decision”).

BDK Advokati has advised the Czech company Lach:ner s.r.o., a regional distributor of pure chemicals, specialized services, and innovative products, on the acquisition of 100% of shares in Serbian Proanalytica d.o.o., a distributor of laboratory chemicals. The Lukic law firm advised the sellers on the deal, which closed on August 4, 2017.

Serbian legislation provides for a maternity leave compensation in the amount of the mother’s average salary in the last 12 months before the leave. The compensations is paid from the state budget, but the procedure of ascertaining the right to maternity leave compensation is conducted by local government.

Zivkovic Samardzic is reporting that it successfully represented Veran Matic, Chairman of the Serbian Commission responsible for investigating killings of journalists, in a complaint to the Press Council about an article published by Serbia's Politika newspaper.

Serbia's Gajin Law competition boutique has announced that it will merge with full-service Doklestic & Partners. As part of the arrangement, Dragan Gajin will become a Partner at Doklestic & Partners and head the firm’s competition practice.

The Deal:  On December 8, 2016, CEE Legal Matters reported that Wolf Theiss had advised the EBRD on its issuance of RSD 2.5 trillion Floating Rate Bonds due December 2019. AP Legal advised Raiffeisen Banka A.D., Beograd, acting as underwriter for the issuance, and Harrisons advised marketing agent Citigroup Global Markets Limited. 

Sensationalism – a word that often causes the media to “forget” about the law and ethics and trade them in for greater circulation/ratings. Serbia is not an exception to this phenomenon, unfortunately, especially when it comes to reporting about public figures.

Reorganization was introduced in Serbian bankruptcy legislation in 2010 and is very often used to restructure claims, as it provides an opportunity for a debtor to continue operating if the settlement proposed through a reorganization plan is more favorable to creditors than liquidation.

In the last decade, as a result of the global economic crisis and the accompanying recession, there has been a significant increase in NPL ratios throughout the SEE region.

Lately, investors have had fairly high expectations for the Serbian real estate market. New and improved real estate and construction regulations, updates to the urban plans, and the announcement of significant projects all indicate that a very interesting period is in front of us.

As Serbia doubles down on its EU accession efforts, the pivotal role of State aid in a crucial negotiation chapter creates serious challenges for the finalization of country’s prolonged privatizations and the continuation of its recently revamped subsidy scheme for foreign and local investors. 

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