BDK Advokati*, along with Allen & Overy as the lead counsel, has advised the joint lead managers in connection with the offering of EUR 300 million global eurobonds by Republika Srpska, a sub-sovereign entity within Bosnia and Herzegovina. This is the first foreign currency bond offering by Republika Srpska on the London Stock Exchange and […]
Last week, we critically commented on the NBS’s interpretation of the Serbian Foreign Exchange Act with respect to the permissibility of pledge on local receivables as security for claims of foreign creditors against Serbian debtors. As a reminder, NBS negatively answered the question whether resident A may pledge its receivable against resident B as security […]
BDK Advokati’s counsel Bisera Andrijašević and junior associate Anja Gligorević authored the chapter on Serbia featured among 19 jurisdictions in the 2021 edition of the Chambers’ Global Practice Guide on Life Sciences. The Serbian chapter gives an overview of the regulatory regime for the life sciences sector in Serbia, offering information on the topics such […]
BDK Advokati is once again among the top ranked law firms by Legal 500 EMEA. In the 2021 edition released on 14 April 2021, we are Tier 1 firm in Serbia in six practice areas – Banking and finance, Commercial, corporate and M&A, Competition, Dispute resolution, Projects and energy and Real estate and construction, and […]
The National Bank of Serbia (“NBS“) released interpretative guidance regarding the application of the foreign exchange regulations on certain cross-border transactions. Among other things, the guidance responds to a question whether Serbian resident A may pledge a receivable owed to it by Serbian resident B (domestic receivable) for the benefit of non-resident C. Whereas it […]
The Arnhem-Leeuwarden Court of Appeal, in the Netherlands, recently issued a decision concerning compliance with a legal obligation as legal basis for data processing (Article 6.1(c) of GDPR). The decision builds upon a line of recent court decisions in the Netherlands which allow data controllers to rely on the legal obligation more freely than what […]
The Court of Amsterdam rendered on 11 March 2021 the decision in a proceeding initiated against Uber for an alleged failure to observe the data subjects’ right of access (Article 15 of the GDPR). The Court for the most part accepted that Uber was not obliged to grant the data subjects access to their personal […]
Nomad Foods Limited has entered into an agreement to acquire Fortenova Group’s Frozen Food Business Group (FFBG) for aggregate consideration of approximately €615 million on a debt-free, cash free basis. Nomad Foods is Europe’s leading frozen foods company (with brands such as Birds Eye, Findus, iglo, Aunt Bessie’s, Goodfella’s) whereas FFBG is a leading European […]
The Government of Serbia adopted on 11 March 2021 two new bylaws under the State Aid Control Act (Zakon o kontroli državne pomoći, Official Gazette of the Republic of Serbia no. 73/2019): the Regulation on Conditions and Criteria for Compliance of Regional State Aid (Uredba o uslovima i kriterijumima usklađenosti regionalne državne pomoći) (“Regional Aid […]
