Dragoljub Sretenović, associate in the Finance department of BDK Advokati, joined the SmithNovak panel on Single Credit transactions at the Workout & Restructuring Conference held on 19 May in Vienna. Dragoljub spoke on the general market environment affecting the sales and resolution of non-performing loans (NPL) in Serbia.
Other speakers on the panel included experts from Bank of America Merrill Lynch, Erste Group Immorent, and Sigmacatalyst Partners. The panel discussion was preceded by the presentations by Michał Siwek, partner at the Baltic sea region law firm Magnusson, Raj Apte, EY’s Head of Restructuring for Central & Southeast Europe, and Petr Smutný, Partner at PwC, who also acted as moderator. Topics covered included current regional practice in structuring single-ticket NPL transactions, removing common obstacles to deals, and implementing effective and feasible workout strategies.
