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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…

Significant Reform to the Legislative Framework Regulating the Sociétés Anonymes in Greece

Corporate/M&A Partner Claire Pavlou and Senior Associate Theodore Lappas recently contributed an article to the latest edition of Greek Law Digest describing the general provisions on administration, governance and supervision on Sociétés Anonymes (Companies Limited by Shares) in Greece under the new legislative framework of Law 4548/2018. The Law, which repeals almost in its entirety the existing Law 2190/1920 on SAs, came into effect on 1 January 2019. To download the article, please click here.

BOYANOV & Co. Advises the Parties in the Second Largest Transaction on the Bulgarian Office Properties Market in the Last 10 Years

BOYANOV & Co. advised the leading Greek real estate company NBG Pangaea REIC on the acquisition of I&B Real Estate AD in a transaction with a value of close to EUR 79 million. On the express mutual agreement of the parties, throughout the process, two dedicated teams of the firm provided legal support and assistance to both the sellers and the buyer. The transaction was successfully completed on 28 December 2018. The company I&B Real Estate AD is the owner of City Tower (Telus Tower), a full-let office building in Sofia, Bulgaria with a total area of about 54,000 sq.m. The newly built…

New Rules in the Turkish Judicial System: Target Time and Mandatory Mediation in Commercial Disputes

In Turkey, litigation processes take a long time due to many different reasons. The European Court of Human Rights has received many individual applications due to long-standing litigation processes in Turkey. To increase confidence in the Turkish judicial system and judicial authorities, on 31 August 2018 the Ministry of Justice published an official announcement on its website and wrote to the courthouses, initiating what is called "target time" in litigation. The target time has been implemented in the Turkish judicial system since 3 September 2018. Another significant change that was introduced…

KDK’s Partner Begum Incecam Trained ELSA Istanbul Students

Kolcuoglu Demirkan Kocakli’s Partner Begum Incecam trained student members of The European Law Students’ Association (ELSA) Istanbul on Mergers & Acquisitions. It was a productive training with Ms. Incecam’s explanations on mergers and acquisitions in general terms, together with an overview of M&A processes. According to Ms. Incecam, “Great interest of law students in M&A transactions is promising in terms of this practice area’s development”.

Panorama of Shareholders’ Rights under the New Greek Company Law

SEE Legal's Greek member, KG Law Firm, has prepared an overview of shareholders' rights under the new Greek Company Law  - please download the document here.

Polenak Law Firm Contributed to the Macedonian Chapter on Merger Control Review

Tatjana Popovski-Buloski, Partner at Polenak Law Firm authored the Macedonian Chapter on Merger Control Review, 9th edition, published in August 2018 by Law Business Research. The chapter is available for download at the following link. Accreditation: The chapter has been reproduced with permission from Law Business Research Ltd. where the article was first published in August 2018. 

BOYANOV & Co. Launched Academy for Partners

BOYANOV & Co. introduced Academy for Partners with the first seminar focusing on Mergers and Acquisitions, being held on Thursday, 15th November at InterContinental Sofia. Yordan Naydenov, Head of the Corporate and M&A practice group at the firm presented the key issues in an M&A deal, touching upon the tax and financing matters in front of 50 CEOs, managers, legal counsels and financial directors. Following-up from the large international forums and conferences, organised regularly by BOYANOV & Co. from 2000 onwards, the firm starts Academy for Partners. The aim of the Academy…

Divjak, Topic & Bahtijarevic Law Firm Represented Prvo Plinarsko Drustvo

On 31 October 2018 INA and Prvo plinarsko drustvo (PPD) as investors, together with the Republic of Croatia, entered into a Capital Increase Agreement regarding Petrokemija, the largest regional fertiliser manufacturer listed on Zagreb Stock Exchange. The companies paid the aggregate amount of HRK 300 million (approx.  EUR 40 million) for 30 million stocks of Petrokemija, thereby becoming majority owners of Petrokemija (and replacing the State in this capacity), holding more than 50% of the share capital and the respective control over Petrokemija. The transaction was carried out via INA and PPD’s…

The SEE Legal Member Firms Top-ranked by IFLR1000 2019

All ten SEE Legal member firms are highly ranked individually in the 2019 edition of the International Financial Law Review 1000. In total 20 Tier 1 ratings were received by the ten members of the Group, including the following areas of law Financial and corporate, Project development, Banking and finance, M&A, Capital markets. A total of 47 lawyers of all ten SEE Legal member firms were recognised in five categories: Expert consultant (Borislav Boyanov, BOYANOV & Co., Bulgaria, M&A), Market leaders (Perparim Kalo, KALO & ASSOCIATES, Albania (Energy and infrastructure, Project…

Polenak Law Firm Advised Diaverum

Polenak Law Firm advised Diaverum in the acquisition of dialysis services provider in Macedonia. Diaverum enters the Macedonian market through the acquisition of PZU Diamed Macedonia. PZU Diamed Macedonia operates nine dialysis centres since 2014, after being awarded one of two lots in a national public tender. The tender has a duration of 20 years and will last until 2034. More information is available at https://www.diaverum.com/corp/Corporate-Menu/Global-News/News/2018/11/press-release-diaverum-enters-macedonia-by-acquiring-pzu-diamed-macedonia/.

Mid Europa Partners is Selling Bambi and Knjaz Milos in Serbia

Mid Europa Partners have started the sale process for Bambi and Knjaz Milos.