CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Andrejic & Partners has advised Eyemaxx Real Estate and Eyemaxx International Holding & Consulting on the wind-up procedures for their Serbian subsidiaries Log Center, Bega ING, and Logmaxx.
The Spanish personal data protection authority has recently fined a natural person with EUR 10,000.00 for publishing personal data of a third person without the latter’s consent on an online blog.
Bojovic Draskovic Popovic & Partners has advised CWP Global on three new renewable energy projects in Serbia with 680 megawatts in total electricity generation capacity.
Harrisons has advised the EBRD on a EUR 25 million loan to OTP Bank Serbia for on-lending to small and medium-sized enterprises.
On 18 June 2022, the Regulation on Criteria for Awarding Incentives to Employers who Employ New Residents in the Republic of Serbia, published in the Off. Gazette of RS no. 67/2022 (“the Regulation”), entered into force.
BDK Advokati has advised Hodler Asset Management on the acquisition of a 45% stake in Superior Foods. The N Law Office reportedly advised Milica Gacic on the sale.
NKO Partners has advised CTP on its acquisition of almost 33 hectares of land in Simanovci, near Belgrade, from EBP Development. The SOG Law Firm advised EBP Development.
Harrisons has advised the EBRD on a EUR 25 million loan to the MK Group.
The Government of the Republic of Serbia adopted the Decision on the amount of the minimum wage for the period January-December 2023, by which the minimum wage in Serbia was increased from net 201.22 RSD per working hour to net 230 RSD in 2023.
Dentons has advised Vetroelektrane Balkana on a EUR 205 million refinancing of the 158-megawatt Cibuk wind farm located in Mramorak, Serbia. CMS reportedly advised the lenders on the deal.
The Fiscal Council of the Republic of Serbia published on 29 September 2022 the „Proposal of social and tax policy measures for reducing inequality and poverty risks in the Republic of Serbia“. One of the proposed measures of tax policy for reducing inequality is doubling the limit of non-taxable salary amount, from RSD 19,300 to RSD 40,000 and introduction of non-taxable census of RSD 20,000 per month, to be granted for each household member – dependent. In order to maintain the existing level of budgetary funds, should this proposed reform of individual income tax be adopted, i.e. in order to prevent decrease of budgetary funds due to the reform, it is necessary to increase the salary tax rate from 10% to 15% in parallel with increase of non-taxable census and introduction of non-taxable census for household members-dependents.
The Icelandic data protection authority (Personuvernd) (“DPA”) recently held that there is a conflict of interest if a data protection officer in a company simultaneously acts as a representative, i.e., member of the same company’s management.
Former Schoenherr Of Counsel Olga Sipka has joined Kinstellar as a Special Counsel and new Head of the local Competition and Compliance practice in Belgrade.
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.
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 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 has advised the Arriva Group on the divestment of its Arriva Litas business in Serbia to Mutares.
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”).
SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.
SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.
Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.
Firm's website: https://www.kinstellar.com/
