Milica Basta, senior associate at BDK Advokati, has held a seminar on the processing of personal data in the context of employment for representatives of Serbian companies. The event took place on 26 September 2019 in Belgrade and was hosted by Forum Media. In her presentation, Milica examined the legal bases on which employers may […]
Bogdan Ivanišević, partner at BDK Advokati, spoke on 23 September 2019 about Serbia’s new Data Protection Act to representatives of the leading Serbian companies. The event took place in the packed conference hall of the Serbian Chamber of Commerce. The Chamber co-organised the event with the Ministry of Justice. Bogdan first gave his view on […]
BDK Advokati advised Convex Holding from UK in connection with the sale of 51% of their shares in Trizma d.o.o. to Meritus Upravljanje d.o.o. from Croatia. Trizma is a call centre provider located in Serbia while Meritus Upravljanje is the owner of M+ Group, a regional player in the area of contact center services and […]
Recently, the National Bank of Serbia (NBS) has refused to certify a report on amended loan agreement between a foreign bank and a Serbian corporate borrower because the original loan agreement, governed by Serbian law, contained a zero-floor Euribor clause. Zero-floor Euribor clause means that if Euribor is negative, it will be deemed to be […]
BDK Advokati advised Tvornica Duhana Rovinj (TDR), a member of British American Tobacco Group, in connection with its exit from Serbian wholesaler of tobacco products Veletabak by sale of 25% of shares to Authoritas, the owner of the remaining 75% of all shares. TDR acquired shares in Veletabak in 2008. The exit follows the expiration […]
The Amendments to the Enforcement Act (“Official Gazette of RS”, No. 54/2019) came into force on 3 August 2019 (“Amendments“) but will, all but one, become applicable only on 1 January 2020. The following are the main novelties: Dormant enforcement proceedings pending against blocked bank accounts The only provision that became applicable on 3 August […]
Newly appointed head of Serbian data protection supervisory authority recently stated that implementation of Data Protection Act 2018 should be postponed. Possible delay in implementing the new law attracted attention from the local media and specialized organizations. One of those, Startit, interviewed BDK Advokati partner Bogdan Ivanišević on this topic, together with Rodoljub Šabić – […]
The Serbian National Assembly enacted on 10 October 2019 the new State Aid Control Act, which will become applicable only on 1 January 2020 (with the exception of the provisions regulating the organization of the Commission for State Aid Control (“Commission“), which are already applicable). The new legislation was drafted with a view to harmonization […]
AmCham Serbia hosted on 5 July 2019 a session on the main aspects of the new Serbian Data Protection Act. The topic attracted significant number of attendees, mainly general counsels and IT specialists from local companies – members of AmCham Serbia. Milica Basta, senior associate at BDK Advokati, was one of the speakers. Milica started […]
Ellis Enterprises, the Serbian subsidiary of lubricant producer Valvoline (NYSE: VVV), closed on Monday 1 July 2019 the acquisition of the core manufacturing assets of Serbian lubricant producer FAM, Kruševac for EUR 9.5 million. Closing occurred upon approval of the Serbian Competition Commission and the approval of the transaction terms by six banks which are major creditors of […]
