Bojovic Draskovic Popovic & Partners has advised The Collection ltd. Podgorica and The Collection ltd. Belgrade on the launch of the Serbian edition of The Collection magazine.
Karanovic & Partners has advised the Czech Republic's PPF Group on its acquisition of Telenor Banka, the first fully mobile and online bank operating in Serbia, from Norwegian mobile operator Telenor. Schoenherr and Latham & Watkins advised the sellers.
Baker McKenzie, ODI Law, Simkins, Covington & Burling, and Van Bael & Bellis have advised MHP SE on the acquisition of 90.68% of the issued capital of Perutnina Ptuj, d.d. CMS London advised ING, MHP’s financial partner.
Zivkovic Samardzic’s dispute resolution team has secured a victory in Serbia's Commercial Appellate Court for Vlade Divac, a former NBA star and current Vice President of Basketball Operations and General Manager of the Sacramento Kings in the NBA.
The beginning of 2019 will mark the start of a major transformation of the Serbian tax system, bringing new and exciting opportunities for companies who do business or wish to invest in Serbia, but also bringing potential challenges concerning the practical application of new tax rules.
BDK Advokati has advised Ellis Enterprises d.o.o., a subsidiary of Valvoline, on signing an agreement with a Serbian lubricant producer FAM to acquire its production plant and IP rights for a purchase price of EUR 9.5 million.
Adoption of the General Data Protection Regulation of the European Union (EU) 2016/679 ("GDPR"), applicable as of 25 May 2018, marked a watershed in the regulation of personal data protection and the rights of persons whose data is being processed, while also setting down penalties and making substantial progress in safeguarding the personal right to privacy.
BDK Advokati and Norton Rose Fullbright have advised Coca Cola HBC AG on its EUR 260 million acquisition of Bambi a.d., the leading cookie producer in the countries of former Yugoslavia, from Mid Europa Partners. White & Case advised the sellers on the deal, which is expected to close in the second quarter of 2019 upon issuance of relevant merger clearances."
Belgrade's Subotic & Jevtic law firm has advised Lukoil Srbija a.d. on a capital increase amounting to approximately EUR 62 million.
BDK Advokati has advised Dnata, a global corporation based in the United Arab Emirates, on the acquisition of all the shares in Serbian EAP Shared Services d.o.o. from Etihad Airport Services LLC. Samardzic, Oreski & Grbovic advised Etihad Airport Services on the deal.
Karanovic & Partners has supported Epic Games in its acquisition of 3Lateral, a developer of digital humans technology and creative content. Osborne Clarke advised 3Lateral on the matter. No other details were released.
Jovana Tomic, Partner and Head of Employment at Zivkovic Samardzic, will leave the firm on January 31, 2019 to start her own full-service law firm: CT Legal.
The NPL market in Serbia traditionally knows of only two concerns, embodied in the numbers 48 and 204. Although you would assume that numerology had something to do with this assertion, the backstory is actually a lot more appealing.
"Two major things are happening right now which are the focus of our practice: The Tech Industry and Chinese Investors,” says Ivan Nonkovic, Partner and independent attorney at law in cooperation with Karanovic & Partners in Belgrade. "Both things are happening all over the region,” he concedes, ”so not exclusively in Serbia, but they’re definitely significant here too."
Ana Popovic and Kruna Savovic have been promoted to partner at Zivkovic Samardzic in Serbia.
As of 1 January 2019, the National Bank of Serbia (“NBS”) took over the competencies of the Ministry of Finance and its department Tax Administration for issuance and revocation of licences to perform exchange operations. The NBS also took over the supervision of foreign exchange operations of Serbian residents and non-residents, being natural persons, entrepreneurs and general legal entities. The NBS adopted several decisions in order to execute the delegated competencies:
BDK Advokati has advised Montenegro's Industriaimport-Industriaimpex AD on its acquisition of 49% of the registered capital of Serbian pharmaceutical wholesaler Farmalogist d.o.o. from private equity firm Adriatic Fund B.V., and in connection with the Shareholders’ Agreement entered into with the owners of the remaining 51% of the shares. HRLE advised Adriatic, while Bojanovic & Partners advised the owners of 51% of the shares in Farmalogist.
Bojovic Draskovic Popovic & Partners is advising the Poseidon Group on the spring 2019 extension of its Capitol Park brand of retail parks to the eastern Serbia city of Zajecar.