BDK Advokati advised Blue Sea Cap (BSC), a regional Private Equity firm on the acquisition of 100% of shares in the healthcare Institution Dr Cvjetković, a leading provider of healthcare services in the City of Novi Sad (Serbia). This is the first acquisition by BSC of a healthcare institution outside of Belgrade enabling further growth of […]
Corporate Income Tax Permanent Establishment Provisions concerning permanent establishment (PE) are amended by specifying in Article 3 of the Law that the profits of a PE are taxed in the manner prescribed by Serbian corporate income tax law unless a Double Tax Treaty (DTT) prescribes otherwise. This was not necessary to specify because the Constitution […]
The Bosnian practice of BDK Advokati in cooperation with attorney-at-law Dijana Pejić advised British American Tobacco (BAT) on the acquisition of the assets of the Bosnian tobacco products manufacturer Fabrika Duhana Sarajevo (FDS). The target assets comprise a trademark portfolio (Aura, Drina, Code and Royal) and 100% of shares of the retailer Tobacco Press Mostar. As […]
BDK Advokati advised Czech company Lach:ner s.r.o., major regional distributor of pure chemicals, specialized services and innovative products, on the acquisition of 100% of shares in Serbian Proanalytica d.o.o., a distributor of laboratory chemicals. The closing of the transaction occurred on 4 August 2017. Senior partner Vladimir Dašić and associate Jelena Zelenbaba, advised Lach:ner in negotiations and closing […]
Managing partner Tijana Kojović participated on 7 June 2017 in a panel discussion at the conference on Operational Restructuring, organized in Belgrade by the Serbian chapter of the Turnaround Management Association. The panel discussed commercial, regulatory and legal issues influencing lenders’ decisions as to whether to take management control over the distressed debtor, convert debt […]
The Serbian Commission for Protection of Competition (“Commission“) performed a dawn raid on 30 May 2017 on the ice-cream manufacturer Frikom on the allegations of abuse of dominant position on the market for the distribution and sale of ice-cream. Frikom, which has already been in the Commission’s crosshairs before, faces accusations of exclusionary abusive conduct […]
Amendments to the Law on Civil Procedure of Republika Srpska, applicable as of 27July 2013, introduce significant novelties. The intention of the legislator behind many of the changes was to increase efficiency of proceedings. Adversarial process Traditionally investigative proceedings have acquired adversarial traits. Prior to the amendments, the judge had a duty to take evidence […]
In December 2016, the Montenegrin Personal Data Protection Agency (“Agency”) conducted an inspection related to video surveillance in a tavern in the city of Kotor. The Agency made a formal finding that a majority of cameras – both inside and outside the tavern – were positioned in a way that results in excessive data processing. […]
Tijana Kojović, Managing Partner of BDK Advokati, published in International Corporate Rescue an article on the proposed changes to the Serbian Insolvency Act aimed at improving the position of secured creditors. You can download the article here.
The fact that NIS, Serbian oil company in majority ownership of Russian Gazprom, has been enjoying a preferential “mining fee” regime thanks to the Serbia-Russia inter-governmental agreement (IGA) concluded in 2008, has been much discussed in the press. The IGA in question was the legal basis for the acquisition by Gazprom of 51% of issued […]
