Kinstellar has advised OTP Bank on its acquisition of Uzbekistan’s Ipoteka Bank. The White & Case London and Tashkent offices reportedly advised the seller.
Jovana Velickovic has joined Gecic Law in Belgrade as a Partner and Head of the firm's Dispute Resolution team.
NKO Partners has advised Emmezeta on its acquisition of ES Logisticke Nekretnine from BIG Shopping Centers. Markovic Vukotic Jovkovic advised the seller.
BDK Advokati has advised Croatia's Agez Group on its acquisition of a 60% stake in Serbian printing and graphics company Grafostil.
European Union (EU) and Western Balkans telecommunication operators signed a Roaming Declaration at the EU-Western Balkans Summit held on Tuesday in Tirana. According to the Declaration, Western Balkans – EU roaming charges will be reduced voluntarily from 1 October 2023, with subsequent reductions gradually leading to their complete elimination. The commitment was also reinforced as part of the Tirana Declaration, which was agreed upon at the Summit.
BDK Advokati has advised MediGroup on its acquisition of Konzilijum. Sole practitioner Djordje Ivanisevic reportedly advised the seller.
In the Official Gazette of the RS no. 131/2022 of November 29, 2022, the Decision on Fees for Registration and Other Services Provided by the Business Registers Agency was published, which regulates the type, amount and method of payment of fees for the registration procedure and other services provided by the Business Registers Agency in keeping registers and records (“the Decision”).
NKO Partners has advised the Dr. Max Group on its acquisition of the Sveti Sava pharmacy chain. Sole practitioners Biserka Crnoglavac and Mihajlo Micic reportedly advised the sellers.
The fact that the last 20 years have been marked by the expansion of digital markets has undoubtedly contributed to the "enthronement" of leading companies in dominant positions all over the planet, created issues of effective competition enforcement regulations and the obvious need for more comprehensive and better regulation of the markets themselves.
On November 10, four Banking & Finance experts from Croatia, Hungary, Romania, and Serbia sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss banking consolidation, financing availability, the effects of high interest rates, bank capitalization, green financing, the specter of loan restructuring, and the other challenges the sector is facing.
In the last two months, the Commission for the Protection of Competition (“Commission”) initiated several different proceedings i.e., 3 gun-jumping cases, one for abuse of a dominant position and one case regarding restrictive agreements. It is necessary to pay attention to these proceedings, because they are not coincidences but rather are initiated due to Commission’s reasonable doubt that market participants have breached the Law on Protection of Competition of Republic of Serbia (“Law“).