BDK advised the minority shareholder of KBC Corporate Finance d.o.o. in the acquisition of the remaining capital from KBC Securities NV for an undisclosed terms and amount. Upon closing the transaction, the name of the company was changed to Virtu Partners d.o.o. This deal was led by Vladimir Dašić.
The expense of registering a mortgage in Serbia was exorbitant until recently. The Decree on the Fees for the Use of Survey and Cadastral Data and Services of the Republic Geodetic Authority (“Official Gazette of RS”, no. 45/2002, 15/2010 and 9/2011) (“Decree”) set the registration fee as a percentage of the underlying secured principal of […]
Tijana Kojović, partner at BDK, presented at the Greenhouse Investments Conference a legal review of the current and new capital markets legislation regarding issuing and investing in bond instruments. The event brought together regulators, local bond issuers seeking investment and institution together with western capital, which allowed for a platform for debate on the opportunities […]
The Serbian Parliament adopted the new Law on Energy on 28 July 2011 (the “Law”). The Law is a step within the process of harmonizing the Serbian energy sector with EU legal framework as it implements the second and parts of the third EU energy package. Production of Electric Energy Production of electric energy is […]
The new Montenegrin Trademark Law (“Official Gazette of RM”, no. 72/2010) (“TM Law”) entered into force on 16 December 2010. The main novelties introduced by the TM Law are presented below. The main novelties concern the trademark registration procedure, which is significantly simplified. Substantive examination of the merits of an application for registration of TM […]
The new Serbian Law on Trade Secret Protection broadly defines a trade secret as any undisclosed information that has commercial value because it is not generally known or accessible to third parties who could generate economic benefit by using or disclosing such information, which is adequately protected by its owner and the disclosure of which […]
In a highly controversial decision rendered on 24 January 2011 (“2011 Decision”), the Serbian Commission for Protection of Competition (“Commission”) fined two Serbian dairies owned by Danube Foods Group (Imlek A.D. and Mlekara Subotica A.D.) for abuse of dominant position committed in the period from April 2005 until 1 March 2008. Each of the two […]
Тhree days after issuing a highly controversial decision imposing fines on two Serbian dairies for a conduct established under the previous legislation when the Commission did not have the authority to issue fines (see BDK Newsletter no. 3/2011) has completed yet another abuse of dominance case, this time against the public cemetery in the town […]
The Serbian Parliament voted the amendments to the Law on Property Taxes, effective as of 1 January 2011, significantly increasing the estate tax rates applicable to individuals. The additional burden on citizens is driven by direct increase of tax rates, as well as by reduction of certain tax deductions and tax credits. The tax rates […]
The new Companies Law (the Law), which came into force on 4 June 2011, will become applicable on 1 February 2012. Serbian companies are obliged to harmonize their organizations and corporate enactments with the new requirements of the Law by that date or they will risk involuntary liquidation. How exactly the harmonization process will work is […]
