TMT


Three SEE Legal Member Firms Advised One of the Major Russian Telecom Operators, MTS

BDK Advokati has advised one of the major Russian telecom operators, MTS in the intended privatisation of Telekom Srbija (TS). BDK Advokati was assisted by DTB Law Firm and KALO & ASSOCIATES in relation to the due diligence of TS subsidiaries in Croatia and Kosovo, respectively as well as in relation to merger filling issues and regulatory approvals. BDK Advokati also assisted MTS in the mark of the SPA that was proposed by Orrick as the legal advisor of the Serbian Government and in relation to the bid submission. The Serbian Government decided not to accept any of this bids and to consider sale of the minority package of shares via Belgrade Stock Exchange.

SEE Legal Croatia Member Firm Coordinates the Acquisition of EXOR by ABB Engineering in Five SEE Legal Jurisdictions

ABB, the leading power and automation technology group, desired to acquire EXOR, one of the strongest engineering firms in the South Eastern Europe region. Consequently, ABB contacted Divjak, Topić & Bahtijarević (DTB) for legal help with the transaction valued at EUR 15 million. Since the deal involved multiple jurisdictions within the SEE Legal Group, DTB acted as lead counsel and was able to seamlessly coordinate the top legal knowledge in the region to complete the acquisition of EXOR. The SEE Legal member law firms Maric & Co (Bosnia and Herzegovina), Kalo & Associates (Kosovo), Polenak Law Firm (Republic of Macedonia) and BDK (Serbia) advised ABB on this major acquisition, which doubled the number of ABB employees in the region and furthered ABB’s global footprint strategy.

SEE Legal Provided Support to Samsung Electronics Europe in Eight SEE Legal Jurisdictions in Relation to a New Service for Mobile Devices

SEE Legal has provided relevant support to Samsung Electronics Europe in terms of their compliance worries regarding a new service for mobile devices warning a user when a natural disaster occurs within a certain distance from the user. The SEE Legal members in Croatia, Serbia, Montenegro, Slovenia, Bosnia & Herzegovina, Republic of Macedonia, Albania and Kosovo were asked to provide opinion on the newest application to be offered by the client, with the basic function to warn a user when a natural disaster occurs within a certain distance from the user, based on information from a third party contents provider. Open issues included: a) whether this type of notification service is generally permitted; b) if any changes need to be made to comply with local laws; c) whether the language of the disaster information can be in English. This legal advice was coordinated by a single SEE Legal point of contact and delivered in extremely tight terms in February 2014.

SEE LEGAL PROVIDED SUPPORT TO ALTICE HOLDINGS IN THREE SEE LEGAL JURISDICTIONS

The M&A activities in the region were very hectic with the sale, by Mid Europa Partners to KKR, of the United Group (SBB/Telemach). This group includes Serbian SBB, Slovenian Telemach, Bosnian Telemach, and a number of other companies in the region, including dominant cable operators, internet providers, and providers of audio-visual media services. The transaction was worth approximately USD one billion, according to unofficial estimations. Three SEE Legal members i.e. BDK (Serbia), Polenak Law Firm (Republic of Macedonia) and Nestor Nestor Diculescu Kingston Petersen (Romania) acted for Altice Holdings, the runner-up on the buyer’s side. We are expecting new wave of deals in this region as other market players will need to integrate in other to be able to compete with KKR.

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