Akin Gump, Bogdanovic, Dolicki & Partneri, Maric & Co, Isailovic & Partners, Harrisons, Zdolsek Attorneys at Law, Boga & Associates, Popovski & Partners, and Forgo Damjanovic & Partners have advised Croatian conglomerate Fortenova Grupa d.d., on the EUR 615 million sale of its frozen food business to Nomad Foods. Norton Rose Fulbright, Lakatos, Koves & Partners, and five firms from the SEE Legal alliance advised Nomad Foods on the deal, which is expected to close in the third quarter of 2021.
ODI Law and Law Office Mucalo Advise on MSIN Group's Acquisition of Neograf
ODI Law has advised MSIN Group on the acquisition by member company EGP of a 75.11% stake in Croatia-based cardboard packaging manufacturer Neograf from Croatian entrepreneur Dusan Boras. The Law Office Mucalo advised Boras.
The Buzz in Slovenia: Interview with Suzana Boncina Jamsek of ODI Law
“Covid is still a very hot topic in Slovenia, I’m afraid,” reports ODI Partner Suzana Boncina Jamsek. “The vaccination efforts have somewhat stalled, especially with some problems that Europe seems to have been having with the AstraZeneca vaccine, and this is affecting the market and our daily work.” Boncina Jamsek says that the country still has some lockdown measures in place, but that these change “almost on a weekly basis,” and are not very strict at the moment. “Still, business meetings are rarely taking place in person and this is still a hurdle for all of us,” she says.
Implementation of Directive (EU) 2019/1023 on Restructuring and Insolvency in Slovenia: A Step in the Right Direction to Address a Wave of Insolvency Procedures
On June 20, 2019, the European Parliament and the Council of the European Union adopted the Directive (EU) 2019/1023 on restructuring and insolvency (hereinafter: Directive). The objectives of the Directive are to make it easier for companies in financial difficulty to access restructuring measures at an early stage to prevent them from becoming insolvent, to lay down minimal rules on the discharge of debt incurred by insolvent entrepreneurs and to increase the efficiency of preventive procedures and insolvency procedures, primarily to shorten the length of the procedures.
Schoenherr Advises Liechtenstein Group on Investment in PV-Invest
Schoenherr has advised the Liechtenstein Group on an unspecified investment in PV-Invest, a renewable energy company active in Austria and Southern and Southeastern Europe.
Taxation of Employee Stock Incentive Schemes in Slovenia
Stock incentive schemes granted by listed or unlisted companies such as s stock options, stock appreciation, restricted shares and stock awards are a common way of rewarding employees. Employees participating in stock incentive schemes are subject to individual income tax.
Ketler & Partners Advises ARX Equity Partners on Acquisition of Instrumentation Technologies
Ketler & Partners, member of Karanovic, has advised ARX Equity Partners on its acquisition of Instrumentation Technologies and Red Pitaya, a handheld electronics lab, from its founders. The sellers were advised by Acuity Advisors.
Life Science M&A Deals on the Rise in Slovenia
Foreign investors of all types were increasingly interested in Life Science (LS) companies even before COVID-19 emerged. It is no wonder that Slovenian LS companies are of particular appeal, since this highly innovative community significantly contributed to Slovenia being ranked 21st in this year’s Bloomberg Innovation Index. Some say COVID-19 catalyzed the new deals this year, but they were more likely fostered by the new investment opportunities that keep popping up with each innovative solution offered by the relatively small (and relatively inexpensive) companies in Slovenia. The race to acquire these innovative scale-ups and start-ups has become increasingly competitive.
The New Foreign Direct Investment Screening Regime Under Austrian and Slovenian Law
After many years of liberalization and globalization, recent years have shown a reversal of the European Union’s approach concerning foreign direct investment from third countries. As in much of the world, the EU has taken a more restrictive view than in the past, and this view is reflected on the legislative level with the FDI Screening Regulation.
CMS Helps BeeIN Win Tender for Access to 5G Frequencies in Slovenia
CMS has advised BeeIN on its successful participation in a two-phase public tender to obtain access to 5G frequencies organized by the Communications Networks and Services Agency of the Republic of Slovenia.
The Buzz in Slovenia: Interview with Ana Grabnar of Rojs, Peljhan, Prelesnik & Partners
“There is a lot going on at the moment, politics-wise,” says Rojs, Peljhan, Prelesnik & Partners Partner Ana Grabnar. “One of the coalition parties left the coalition and joined opposition parties in filing for a no-confidence vote for the government – that took place this week.” The opposition did not gather the necessary majority; “surprisingly it gathered even fewer votes than predicted,” she says.
Aleksandra Jemc Merc Becomes Managing Partner at Jadek & Pensa
Aleksandra Jemc Merc has been appointed Managing Partner at Jadek & Pensa in Slovenia.
Slovenia: Will the COVID-19 State Guarantee Scheme Start Functioning Shortly?
In response to the COVID-19 pandemic, Slovenia swiftly introduced certain measures in the field of banking with the goals of promoting the liquidity of Slovenian businesses and stimulating the banks to support the country’s economic recovery. Such measures included mandatorily available 12-month moratoria on bank loans (further supported by a smaller-sized EUR 200 million state guarantee scheme for the moratoria-affected amounts), and a larger-scale EUR 2 billion state guarantee scheme for certain new bank loans. However, such measures proved less popular that expected.
The Corner Office: Most Meaningful Charity or Pro Bono Commitment
In The Corner Office we ask Managing Partners across Central and Eastern Europe about their unique roles and responsibilities. The question this time: “What one ongoing pro bono initiative or project or charity/volunteering project that your firm is involved with has the most meaning for you personally, and why?”
New Equity, Contract, and Local Partners at Schoenherr
Arabella Eichinger, Andreas Natterer, and Michael Woller have been promoted to Equity Partner, Marcin Aslanowicz, Bojan Brezan, Vid Kobe, and Maximilian Lang have been promoted to Contract Partner, and Marko Frantar has been promoted to Local Partner as part of Schoenherr's recent promotion round.
Three New Partners at Jadek & Pensa
Iris Pensa, Borut Leskovec, and Domen Romih have been promoted to partner at Jadek & Pensa.
»Gun-jumping« in Slovenia: Following the Trends or Staying Behind?
Information on record-high gun-jumping fines, imposed by national competition protection authorities, flooded the law-oriented news over the past years. It seems that countries like Poland (e.g. case Gazprom), France (e.g. case SFR-Altice), the UK (e.g. case PayPal), Mexico (e.g. case BAS Projects Corporation and other companies), and even Zimbabwe (e.g. case Innscor Africa) are all following the pattern of enhanced supervision of merger notification obligation and pre-closing activities of the parties, involved in M&A, and increasing amounts of fines.
General Meetings in the Era of the SARS-CoV-2 Epidemic
The need for social distancing has come to the fore in 2020. Due to the global pandemic of the coronavirus disease, we had to suddenly find different solutions in our everyday life to make as little physical contact with each other as possible. Most areas of our daily lives were affected by some adjustments and the operation of corporate bodies of the company has been no exception to the changing reality.