AP Legal has advised Raiffeisen Banka Belgrade on its issuance of MREL-eligible bonds on the Serbian market and their listing on the Belgrade Stock Exchange.
AP Legal Advises Banka Postanska Stedionica Belgrade on Sale of EUR 150 Million NPL Portfolio
AP Legal has advised Banka Postanska Stedionica Belgrade on the sale of a EUR 150 million corporate NPL portfolio to KBM ASCO Belgrade.
The Debrief: June, 2024
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
The Corner Office: Client Relationship Dealbreakers
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. While in the legal field maintaining client relationships is vital, there are occasions when law firms must end engagements. To explore some of the reasons that might lead to this, we asked: After accepting mandates, what have been the main reasons for which you ended up having to drop clients?
Is It Time to Reconsider Nuclear Energy in Serbia?
In recent years, growing energy demands and environmental concerns have brought nuclear energy back into focus. Its importance lies in producing large amounts of energy while emitting fewer greenhouse gases than fossil fuels. As countries seek sustainable energy solutions, many are turning to nuclear power. However, despite its benefits, nuclear energy faces legal barriers in several countries, including Australia, Austria, Denmark, and Serbia.
Arm’s Length Interest Rates for 2024 Published in Serbia
Serbian Minister of Finance issued the Rulebook on interest rates that are considered to be in line with the arm’s length principle for the year 2024 (Rulebook).
EUR 337.5 Million Fine Imposed on Mondelez International for Anticompetitive Behaviour
The European Commission has imposed a hefty EUR 337.5 million fine on Mondelēz International, Inc., the world-famous producer of Oreo, Milka and Toblerone, for restricting cross-border trade of chocolate, biscuits, and coffee products among EU Member States, in violation of EU competition regulations.
Schoenherr and MVJ Advise on Menzies Aviation and Air Serbia Joint Venture
Moravcevic, Vojnovic, and Partners in cooperation with Schoenherr has advised Menzies Aviation on a joint venture with Air Serbia. Markovic, Vukotic, Jovkovic advised Air Serbia.
Joinder of Parties in Multi-Party Arbitration
Given the complexity of modern legal traffic, the complex economic structures are becoming a standard in today’s business transactions. There is an increase in business activities which include a larger number of participants. Accordingly, disputes involving more than two subjects are occurring ever more often - especially on the international level. In light of this, the ICC International Court of Arbitration even noted an increase in multi-party arbitrations stating that one-third of ICC cases today involve multiple parties.[i]
Supreme Court: Overtime Work Can Exist Without Employer’s Resolution or Written Request
In an era where social media has become an integral part of daily life, the issue of privacy protection is gaining increasing importance. Typically, social media platforms offer mechanisms to control access to the content which individuals share on their profiles, including the so-called profile “locking”. On the other hand, content on “unlocked” profiles is accessible to an unlimited number of people, allowing anyone who visits a particular profile to view the content created or published by its owner.
Subotic & Jevtic Becomes Subotic Law
The Belgrade-based Subotic & Jevtic law firm has changed its name to Subotic Law.
NKO Partners Advises Igepa Cartacell on Minority Shareholding Buyout
NKO Partners has advised Igepa Cartacell on a 33% minority shareholding buyout from shareholder Radivoj Cvetic.
Violation of Privacy Rights through Publication in the Media: Using Photos from Individuals Social Media Profiles
In an era where social media has become an integral part of daily life, the issue of privacy protection is gaining increasing importance. Typically, social media platforms offer mechanisms to control access to the content which individuals share on their profiles, including the so-called profile “locking”. On the other hand, content on “unlocked” profiles is accessible to an unlimited number of people, allowing anyone who visits a particular profile to view the content created or published by its owner.
Zunic Advises Wonder Dynamics on Sale to Autodesk
The Zunic Law Firm, working with California-based Fenwick & West, has advised Wonder Dynamics on the sale of the company to Autodesk.
Selih & Partnerji, Polenak, Maric & Co, Kalo & Associates, BDK Advokati, and Papazoski and Mishev Advise on NLB Skladi Acquisition of Generali Investments
Selih & Partnerji, Polenak, Maric & Co, Kalo & Associates, and BDK Advokati have advised NLB Skladi on its acquisition of Generali Investments in North Macedonia. Papazoski and Mishev, an independent law firm in cooperation with PwC, advised Generali Investments.
Exclusive Distribution Agreements in the Pharma Sector in Focus of the Serbian Competition Authority
In Serbia, most of the exclusivity arrangements between pharma companies need to be, prior to their implementation, individually exempt by the Serbian Competition Authority (“SCA”). Most recently, the SCA issued two decisions in the individual exemption process. In one it denied, while, in the other it only conditionally approved individual exemptions for exclusive distribution agreements between pharmaceutical companies. These developments show a noticeable shift in the SCA’s stand towards exclusivity arrangements with the SCA taking a stringent approach, limiting the parties' ability to contract exclusivity arrangements in the sector.
Cvjeticanin & Partners Advises Cancer Influencer on IP Protection
Cvjeticanin & Partners has advised health influencer Nastasja Nedimovic – known as the Cancer Influencer – on intellectual property matters.
Use of the Company Stamp in Company Business Operations
Companies are not obliged to use the stamp while doing business, as stated in Article 15 paragraph 1 of the Company law of Montenegro ("Company Law"). The legislator’s intention when prescribing freedom while regulating use of stamps in doing business was to unburden the Company’s business, i.e. to not burden the business with additional formal conditions, as well as to leave the issue of the use of the stamp to the company to regulate it by a general or special internal act.