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On 27 January 2017, Yioula Glassworks SA reached Completion phase of the Sale and purchase agreement for selling substantially all of Yioula Glassworks SA glass container business

On 27 January 2017, Yioula Glassworks SA together with its subsidiary Yalos Holdings (Overseas) Limited (the "Sellers") and BA Glass I – Serviços de Gestão e Investimentos S.A. (the parent company of BA Vidro S.A.) (the "Buyer"), reached Completion phase of the Sale and purchase agreement concluded on 08.10.2016 (the "Sale and purchase agreement"), for selling substantially all of Yioula Glassworks SA glass container business, which includes all the issued shares of Glasstank B.V. as well as the transfer of the glass container business of Yioula SA as a going concern in Greece.

The business transferred includes three listed companies (in Romania, Bulgaria and Serbia) and Yioula plants and equipment in Greece. The overall deal value exceeded 550MEUR.

The deal was unique in terms of size and complexity for the region, combining a group restructuring (carve-out of the tableware business and Ukrainian operations); a share deal in the Netherlands and an asset deal in Greece; debt restructuring; repayment of listed high yield bonds; Competition clearances; capital markets restrictions (including mandatory tender offers).

Skadden Arps (James Healy – Jason Hewitt) acted for the Purchaser on all English Law issues, whereas SEE legal group law firms (BDK Advokati, led by Vlada Dasic, Boyanov &Co, led by Damian Simeonov, Nestor Nestor Diculescu Kingston Petersen, led by Adriana Gaspar and Corina Dumitriu), led by Elisabeth Eleftheriades of KG Law Firm acted on all local law issues. The group was supported on Cyprus law issues by Neocleous Law Firm (Panos Lambropoulos).

On the Seller side, the group was supported on all legal issues by Winston & Strawn, led by Stewart Worthy as well as its in-house legal team.

SEE Legal Represents One of the Bidders in the Acquisition of Yioula Glassworks S.A.

Four member firms of SEE Legal are representing one of the bidders – a global leader in glasswork production – in the ongoing acquisition process of the Yioula Group, a Greek glassworks company which has subsidiaries in Bulgaria, Romania, Serbia, Ukraine and Cyprus. In this project, KG Law Firm (Greece) acts as the lead counsel and coordinates the efforts of the SEE Legal members BOYANOV & Co. (Bulgaria), Nestor Nestor Diculescu Kingston Petersen (Romania) and BDK Advokati (Serbia), along with law firms from Ukraine and Cyprus.

SEE Legal Advised Shire International GmbH in Four SEE Legal Jurisdictions

SEE Legal supported Shire International GmbH in the purchase of the regional leader in providing business platforms to pharmaceutical companies - with a view to enhance their global commercial footprint. This being an extremely regulated industry, both the target and the investor have put in significant efforts to appropriately address compliance, anti-bribery, and AML issues. The coordination of the share-purchase deal involved the SEE Legal members in Croatia, Serbia, Romania and Bulgaria.

SEE Legal Advised a Leading Austrian Bank with respect to Legal Disputes

The SEE Legal partners have advised a leading Austrian bank with respect to legal disputes the company is involved in. The client was advised by the SEE Legal Group in this massive project with respect to assessment of all the client’s passive legal disputes, i.e. assessing the risk associated with the disputes and sufficiency of provisions entered into the annual accounts of local companies, evaluation of the chances of the court proceedings.

This major multijurisdictional deal involved as many as six SEE Legal jurisdictions: Croatia, Bosnia and Herzegovina, Slovenia, Serbia, Republic of Macedonia and Bulgaria. Most disputes (over 250) of various nature (enforcement, litigation, damages, insurance, leasing, real estate, corporate and commercial) were in the Croatian jurisdiction.

DTB was the lead counsel for the SEE region, whereas the project was supervised by the managing partner Emir Bahtijarević. The client was advised with respect to probability of success in the cases, sufficiency of respective provisions, and related to further course of action in the court proceedings. The project lasted from November 2015 to February 2016.

SEE LEGAL PROVIDES SUPPORT TO LINDAB AB IN THE ACQUISITION OF HIDRIA IMP KLIMA D.O.O.

The Slovenian based corporate group Hidria IMP Klima d.o.o. was acquired by the Swedish corporate group LINDAB AB in July 2015. Slovenian SEE Legal member along with the members from Bosnia & Herzegovina, Kosovo, Montenegro, Republic of Macedonia and Serbia provided legal advice, among others, in the form of a structured due diligence report of the target, including its respective subsidiaries.

SEE Legal Advised on a Merger of Two Local Subsidiaries of the Multinational Tobacco Corporation, BAT

BDK Advokati and Marić & Co jointly worked on a merger of two local subsidiaries of the multinational tobacco corporation, BAT. BDK Advokati acted as the lead coordinator due to parallel merger process in Serbia, while Marić & Co was responsible for drafting of all relevant merger documents and registrations before the court. The project was executed in Sarajevo, Bosnia and Herzegovina.

SEE Legal Slovenia Member Firm Coordinates Group Restructuring of a German Client in Four SEE Legal Jurisdictions

A German client contacted the SEE Legal Slovenia member firm seeking assistance in a group restructuring project taking place in Slovenia, Croatia, Serbia and Bulgaria. The restructuring comprised transfer of all assets, obligations and employees previously belonging to three branch offices of a Slovenian group company to three newly established limited liability companies directly owned by an Austrian group company. The client, a global manufacturing company sought to ensure that the restructuring was in compliance with the local laws and regulations in each country and specifically required that the same fee arrangement applies to all jurisdictions. The SEE Legal Slovenia member firm assumed preparation of draft documentation and coordinated its fellow SEE Legal member firms in providing their legal input. To great satisfaction of the client, due to emphasized dedication of the SEE Legal member firms to cooperation and client service, the project closed swiftly and cost-effectively.

SEE Legal Advised FGX International in Four SEE Legal Jurisdictions

FGX International, the world's leading designer and marketer of non-prescription reading glasses and sunglasses, was supported in May 2014 in terms of commercial issues arising from distribution arrangements. The matter was coordinated between the following four group members: Maric & Co (Bosnia & Herzegovina), BDK Advokati/Attorneys at law (Serbia), Polenak Law Firm (Republic of Macedonia) and Divjak, Topic and Bahtijarevic (DTB - Croatia), with DTB serving as a single point of contact and coordinator of the engagement.

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