Law firm Miro Senica and Attorneys has advised household appliance manufacturer Gorenje d.d., on its December 20, 2018 sale of Gorenje Surovina d.o.o., a waste management services provider in Slovenia, to Eko Surovina d.o.o., a member of the Rastoder Group. Rojs, Peljhan, Prelesnik & Partners advised the buyers on the deal.
The well-formed regulation of competition is a precondition for a healthy and effective market. Thus, countries have to not only adopt appropriate legislation, but also ensure that the relevant authorities will enforce that legislation in a way that allows all participants in the market to carry out their activities in a fair environment.
A “qualifying shareholder” is any person intending to acquire or increase his or her bank shares in order to achieve or exceed a qualifying holding. The qualifying shareholder must be authorized by the European banking supervisor, the European Central Bank. Such authorization is first needed upon the acquisition of ten percent or more of the shares and/or voting rights in a bank. Subsequent authorizations are required when acquisitions of twenty, thirty, and/or fifty percent of the shares and/or voting rights in the bank are made. Importantly, the authorization procedure is activated not only upon the crossing of the relevant thresholds but also when the acquirer obtains the right to appoint the majority of the management board or any other means of exerting a significant influence on the bank’s management.
In July 2017 the Slovenian Competition Protection Agency initiated proceedings against Renault (which operates as RENAULT NISSAN SLOVENIJA doo). The company was suspected of treating authorised mechanics and independent mechanics differently, which gave the agency grounds to believe that Renault had abused its dominant position (for further details please see "Automotive industry again under scrutiny by Competition Protection Agency"). In response, Renault proposed remedies in an attempt to address the agency's concerns and eliminate the alleged anti-competitive effects on the market. In November 2017 the agency published Renault's proposed commitments online and invited third parties to comment and make suggestions.
The continued rise in the number of sales in 2017 confirmed the revival of the Slovenian real estate market that began in 2014 (after the end of the economic crisis). While the prices of residential real estate in Slovenia hit bottom in 2015, last year they increased more than ten percent over the previous year. Real estate prices have continued to rise in the first few months of this year as well.
The Slovenian business sector, along with local Slovenian law firms, is still waiting for the newly-elected Parliamentary politicians to form a government, says Uros Ilic, the Managing Partner of ODI Law in Ljubljana. “In the long run the final form of the government could affect business life,” he says. “Not just because of the different approaches towards the tax system, but also because of the possible approaches towards privatization processes.”
With the tremendous increase in the price of cryptocurrencies in 2017 the world has witnessed an explosion of cryptocurrency-related enterprises, with initial coin offerings at the forefront. Several European countries have aligned their legislation to become appealing for such enterprises and Slovenia has been mentioned on several occasions as one of the most “crypto-friendly” countries. However, as Slovenian legislation offers a very high level of protection to personal data regarding identity documents, crypto business ventures within the Slovenian jurisdiction may be at a disadvantage against foreign competitors.
Selih & Partners has advised Slovenia's NLB banking and finance group on a long-term syndicated loan of USD 72 million and a mid-term revolving facility of EUR 30 million extended by a consortium of banks which it belongs to the Interblock Group. Rojs, Peljhan, Prelesnik & Partners advised Interblock on the deal.