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BDK Advokati Advises Industriaimport-Industriaimpex AD

BDK Advokati advised Montenegrin publicly listed company Industriaimport-Industriaimpex AD on the acquisition of 49% of registered capital of Serbian pharma wholesaler Farmalogist d.o.o. from PE firm Adriatic Fund B.V. BDK Advokati also assisted Industriaimport-Industriaimpex AD in connection with the Shareholders’ Agreement entered with the owners of the remaining 51% of shares in Farmalogist. The acquisition was completed on 4 January 2019 upon obtaining merger clearances from the Montenegrin and Serbian competition authorities. Partner Vladimir Dasic was the main legal advisor to Industriaimport-Industriaimpex…

Montenegro Launches Its Citizenship By Investment Program

The long-awaited regulation for the Montenegrin program of citizenship by investment is set to enter into force on 1 January 2019. The investment threshold for citizenship depends on the region of Montenegro in which the investment is made. It is set at EUR 450,000 for investments in the coastal area or in the capital of Podgorica, and at EUR 250,000 for investments in other parts of the country. On top of the investment amount, a prospective applicant will be obliged to pay a contribution of EUR 100,000 for the development of undeveloped municipalities and the application fees of (i) EUR 15,000…

BDK Advokati's Seminar on GDPR Attracts 70 Participants From Montenegro

On 18 December 2018, BDK Advokati in cooperation with AmCham Montenegro held a seminar on the General Data Protection Regulation (GDPR) in Podgorica, for 70 participants from Montenegrin companies and law firms. Bogdan Ivanisevic, head of BDK Advokati team specialized in data protection & privacy, summarized the key characteristics of GDPR and explained how the Regulation extends to companies outside the EU, including those from Montenegro. He pointed to the presence of vague standards in GDPR which in the years to come will require further elucidation by data protection authorities and…

Montenegrin "Luka Kotor" Port Fined For The Abuse Of Dominance

Bisera Andrijasevic of BDK Advokati discusses a recent fine of Montenegrin “Luka Kotor” port for the abuse of dominance. The Montenegrin antitrust authority, the Agency for Protection of Competition of Montenegro (“Agency“), announced that the Higher Misdemeanour Court of Montenegro imposed on 10 July 2018 a fine in the amount of EUR 27.249,54 on the Montenegrin port operator “Luka Kotor” A.D. (“Luka Kotor“) for abuse of dominant position that had been established by the Agency in 2016. The fine represents 1% of the infringer’s relevant turnover. The court also fined Luka Kotor’s…

Prospective Share Sale of EPCG

The Government of Montenegro is considering the sale of an unknown percentage of shares in Elektroprivreda Crna Gora (EPCG). EPCG is the state-owned producer and distributor of electricity in Montenegro. The date of sale and the asking price are yet to be revealed.

Montenegrin Airports under Concession

The Republic of Montenegro has decided to put state airports under concession and has recently launched public debate on the Concession Act. After the public debate, the state will invite interested parties to submit offers. The state-owned airports to be included in the concession for the period of 25-30 years are: Berane, Podgorica and Tivat. The estimated concession fee ranges between EUR 50-100 million. Certain French companies with experience in airport management have been mentioned as potential concessionaries of Montenegrin airports.

Sale of Obod’s Property

The management of Obod (under bankruptcy) has announced the sale of the company's property. The company is one of the major producers of home appliances in former Yugoslavia. The minimum asking price is set at EUR 2.75 million. Interested parties should submit their offer before 11 September 2018.

BDK Organises an Info-session on Restrictive Agreements

BDK Advokati in cooperation with AmCham Montenegro hosted today an info session on "Competition law: Restrictive agreements and practices". The member-companies of AmCham Montenegro and BDK clients and partners had the opportunity to learn from, and discuss with, Bisera Andrijasevic, the member of the BDK regional competition law team, how to recognize and assess potentially dangerous horizontal and vertical restrictive agreements, and what the dos and don'ts are when it comes to behaviour on the market and investigations by the competition authority.

Luka Popovic from BDK Advokati in CEE Legal Matters

CEE Legal Matters has BDK partner Luka Popovic discuss economy and investment opportunities in Montenegro. To read the full text of the interview, please visit http://ceelegalmatters.com/montenegro/8060-the-buzz-in-montenegro-interview-with-luka-popovic-of-bdk-advokati.

BDK Advokati's Podgorica office Has a New Address

BDK Advokati would like to announce that its Podgorica office has a new address as of 29 January 2018. The firm is looking to meet its current and prospective clients at the new premises, Cetinjska 11, The Capital Plaza. Please note that the telephone and fax numbers remain unchanged.