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 […]
Serbian In the past two days, the recently appointed head of Serbian data protection supervisory authority announced one radical move and sharply criticized some provisions in Serbia’s new data protection law. The commitment and audacity of Milan Marinović should be encouraging to those who feared that the new data protection tsar would be the exact […]
BDK Advokati has once again contributed to Getting the Deal Through Serbia chapter on Telecoms and Media. The chapter in the 2019 edition contains an in-depth legal analysis on telecom and media sectors in the country, authored by partner Bogdan Ivanišević, consultant Pablo Perez Laya and junior associate Zorana Brujić. Telecoms In the section dedicated […]
Soft drink bottler Coca-Cola HBC closed on Tuesday 18 June 2019 the acquisition of leading Serbian biscuit and confectionary maker Bambi from private equity investor Mid Europa Partners, for an enterprise value of 263 million euros. BDK Advokati along with Norton Rose Fulbright acted for Coca-Cola HBC. Our team was led by senior partner Vladimir […]
The Serbian Commission for the Protection of Competition (“Commission“) terminated on 15 May 2019 an investigation initiated in November 2015 against Philip Morris, JT International, British American Tobacco and Imperial Tobacco[1] for allegedly having entered into a restrictive agreement in the form of a concerted practice. The investigation, the first one ever in Serbia on […]
Partner Bogdan Ivanišević and senior associate Milica Basta represented BDK Advokati at this year’s edition of Tarabica IT conference, held on 25 May in Belgrade. The event is traditionally dedicated to topics relevant to the IT industry and as such it mainly gathers IT professionals from major Serbian companies and institutions. During the session named […]
The Amendments to the Registered Pledge on Movables Act (“Movables Pledge Act“), which became applicable on 7 May 2019, introduce, inter alia, new provisions on bank account pledge. The change was motivated by a desire to create legal basis for constitution of pledge on project accounts. However, the wording of the new provision raises some […]
Modern business transcends national borders and increasing workforce mobility is a natural consequence. While the conditions for working in Serbia remain the same, the recently adopted amendments to two Serbian statutes regulating employment of foreigners make the procedures applicable to obtaining work permits in Serbia easier. Under the current regime, foreigner must first obtain temporary/permanent […]
BDK Advokati represented P&O ports from Dubai in the acquisition of Port Luka Novi Sad. The value of the transaction is EUR 23 million. The acquisition and investments to be made should help Luka Novi Sad to recover its devastated infrastructure and reach its full capacity of two and half million tons of cargo loading […]
