The Montenegrin Agency for Protection of Competition (“Agency“) adopted on 15 March 2024 two decisions in which it found that unlawful state aid has been granted and ordered its recovery. It has not yet published decisions. Steel mill “Željezara Nikšić” The first decision concerns a former state-owned company, steel mill Željezare Nikšić (“Željezara“). At the […]
BDK Advokati’s Head of Life Sciences Bisera Andrijašević authored the chapter on Serbia in the 1st Edition of The Legal 500: Life Sciences Comparative Guide, available here. The chapter on Serbia provides information about the current issues affecting life sciences practice in Serbia and addresses topics such as legislative framework, regulatory processes, advertising, restrictions, risks […]
We start the week by commending our colleagues who have been recognized in the Chambers Europe 2024 rankings and thanking our clients for their feedback.
The second half of 2023 brought about significant changes to the Serbian waste management regulations affecting the real estate and infrastructure developers. The approval to the waste management plan is a prerequisite to construction permit The new Decree on Manner and Procedure for Management of Construction and Demolition Waste (Uredba o načinu i postupku upravljanja […]
The Parliament of Bosnia and Herzegovina (“BiH“) has adopted a new Act on Prevention of Money-Laundering and Financing of Terrorism (“AML Act“). New obligors under the AML Act The new AML Act of B&H brings virtual currency service providers and real estate lease agents when the monthly value of a lease is BAM 20.000 (approx. […]
On 29 February 2024, the Serbian competition authority published its decision dated 29 December 2023 imposing fines on Croatian Atlantic Group and its two Serbian subsidiaries (“Atlantic“), and Serbian coffee producer Strauss Adriatic (“Strauss“), for concerting to exchange commercially sensitive information on wholesale prices of ground coffee. Atlantic Group and the subsidiaries were jointly and […]
BDK Advokati advised Atlantic Grupa in acquiring Strauss Adriatic, the owner of Serbian coffee brands Doncafe and C kafa. Atlantic Grupa will also assume control of Strauss Adriatic’s production facility in the Šimanovci industrial zone near Belgrade, along with its 220 employees. This integration is an important contribution to Atlantic Grupa’s development of the coffee […]
Serbia’s capital markets are underdeveloped and businesses rely predominately on bank financing. However, there are strategies and initiatives by the Serbian government and the World Bank in place, aimed to stimulate the growth of capital markets and create new investment opportunities through the issuance of bonds by Serbian corporates. Private sector financing is a key […]
The European Commission (“Commission“) adopted the revised Market Definition Notice for competition cases (“revised Notice“). The revised Notice supersedes the 1997 Commission Notice on the definition of the relevant market for the purposes of Community competition law (“1997 Notice“), the longest-lasting soft law instrument of EU law which ultimately had to succumb to new market […]
