NKO Partners has advised the Dr. Max Group on its acquisition of two pharmacy chains in Serbia: Pancevo-based AU Kod Suncanog Sata and Veliko Gradiste-based AU Selic. Reportedly, Subotic-Homen & Partners and solo practitioner Slobodan Miljkovic advised the sellers.
A Closer Look: Zivkovic Samardzic’s Igor Zivkovski on Titan Cementara and Stari Silo Merger
On September 23, 2022, CEE Legal Matters reported that Zivkovic Samardzic had advised both companies on the Titan Cementara Kosjeric merger with its affiliate Stari Silo Company. CEELM reached out to Zivkovic Samardzic Partner Igor Zivkovski to learn more about the deal.
Boyanov & Co Among Plethora of Firms Advising on BioIVT’s Acquisition of Fidelis Research
Boyanov & Co has advised BioIVT on its acquisition of Fidelis Research. Divjak Topic Bahtijarevic & Krka, BDK Advokati, Nestor Nestor Diculescu Kingston Petersen, and Kolcuoglu Demirkan Kocakli have advised BioIVT on Croatian, Serbian, Romanian, and Turkish law-related matters, respectively. Hristov & Partners advised Integrity Capital Investments on the sale. Penkov Markov & Partners advised the other sellers.
Zivkovic Samardzic Advises Arriva Group on Sale of Business to Mutares
Zivkovic Samardzic has advised the Arriva Group on the divestment of its Arriva Litas business in Serbia to Mutares.
Increase of the Minimum Salary from January 1, 2023
The Government of the Republic of Serbia has passed the Decision on the Amount of the Minimum Price of Work for the Period January – December 2023, which was published in the Official Gazette of RS no. 105/2022 dated September 14, 2022, and which shall be applied as of January 1, 2023 (“Decision”).
Hot Practice in Serbia: Milan Samardzic on SOG’s Corporate and M&A Practice
Strong levels of corporate and M&A work were in the stars this year for the SOG Law Firm, with more to look forward to, according to Partner Milan Samardzic.
How To Implement Flexible Work Arrangements in Serbia in the Post-COVID-19 Era
During the Covid-19 pandemic, in every industry where it was possible employers transferred their employees to work from home.
RSP Advises on Sale of Hedwell Group to SAP Fioneer
Radovanovic Stojanovic & Partners, working with Advant Beiten, has advised the shareholders of Hedwell Group Germany on the sale of the Hedwell Group to SAP Fioneer. Reportedly, Germany's Poellath advised SAP Fioneer on the deal.
Zivkovic Samardzic Advises on Titan Cementara and Stari Silo Merger
Zivkovic Samardzic has advised both companies on the Titan Cementara Kosjeric merger with its affiliate Stari Silo Company.
Regulation of the Rights and Obligations of Directors Outside the Employment Relationship
One of the questions that is often risen in practice is whether there is an obligation to conclude a contract with an individual who is registered as a legal representative, i.e., director of a company, and who does not establish an employment relationship in that company. In relation thereto, there are also inquiries whether it is mandatory to provide for a compensation for the work of a director who is not employed with the company, as well as what are the tax obligations of the company regarding the compensation that a director receives for performing the respective capacity.
Novelties in Awarding the State-owned Agricultural Land for Non-agricultural Purposes
The Government of the Republic of Serbia rendered the new Ordinance on Conditions, Manner and Procedure for Awarding the State-owned Agricultural Land for Use for Non-agricultural Purpose, that came into force on 10 September 2022.
In Which Cases Several Transactions Can Be Considered as One Concentration
According to the latest Position published by the Serbian Commission for the Protection of Competition, it is prescribed whether and in which cases the scope of one concentration can be several undertakings that are not considered interrelated.
Responsibility of Online Retailers for Personal Data - Personalized Marketing (Retargeting)
Research of major global agencies show that the realization of profit is proportional to the degree of trust that customers have in retailers, regarding the processing of their personal data. Retailers that consider themselves socially responsible should know that investing in the protection of customers' personal data is an added value for the company - this type of investment strengthens the trust of customers, contributes to strengthening the competitive position on the market and increases profit. Most importantly, retailers have to understand that the personal data they collect from citizens is not their property, and that the right to privacy is one of elementary rights of citizens, which they are obliged to process in accordance with legal regulations.
Restructuring Laws and Regulations in Serbia
Contributed by Gecic Law.
Schoenherr and Stanivukovic Advise on Greiner Packaging's Acquisition of Alwag from Aling-Conel
Schoenherr, in cooperation with Moravcevic Vojnovic and Partners, has advised Greiner Packaging International on its acquisition of Serbian PET flake producer Alwag from Aling-Conel and Reiwag Facility Services. The Stanivukovic law office advised majority shareholder Aling-Conel on the sale.
Gaming Evolution and Impact on Serbian Market
Despite being one of the most turbulent periods in the history of the mankind, 20th century represents one of the brightest spots in the evolution of technology. Except for the general enthusiasm in all branches over the industry, the second half of the century has been fertile when it comes to executing some revolutionary ideas.
Postponed Implementation of the Regulation Governing the Requirements and Procedures for Storage and Protection of Archival and Documentary Materials in Electronic Form
As mentioned in one of our earlier articles, on 12 November 2021 the Regulation on Unique Technical and Technology Requirements and Procedures for Storage and Protection of Archival and Documentary Materials in Electronic Form (Official Gazette of RS no. 107/2021) (“the Regulation”) was published, governing the so-called electronic archiving, i.e., unique technical-technological requirements and procedures that should be fulfilled by creators and holders of archival and documentary materials during their storage and protection.
New Serbian Law on Gender Equality – Spotlight on M&A Transactions
Employment law related matters are a fundamental part of every legal due diligence analysis of Serbian companies and their respective businesses. Following the enactment of the Law on Gender Equality ("Official Gazette of the Republic of Serbia", no. 52/2021, "Law"), the scope of legal due diligence exercises should be extended to also include targets’ compliance with obligations set forth in the Law.