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https://seelegal.org/wp-content/uploads/2019/10/green-energy.jpg 802 1200 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-10-10 20:25:542019-10-17 20:51:14Financing Agreements for the Vinča Waste-to-Energy PPP Signed
Financing agreements for the waste management public-private partnership project in Vinča, Belgrade were signed in the beginning of October. The project has a total investment size estimated at approximately EUR 350 million, envisaged to be financed by equity and non-recourse debt from IFIs – EBRD, IFC and OeEB. This is one of the largest and certainly the most complex project financing schemes in Serbia up to date. It is supposed to resolve the environmental hazard caused by one of the largest dump sites in Europe. BDK Advokati, alongside Clifford Chance as the international legal advisor, advised EBRD, IFC and OeEB on the project.
https://seelegal.org/wp-content/uploads/2019/04/cables.jpg 690 1197 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-10-02 19:55:532019-10-04 20:06:10State Aid: European Commission Approves EUR 300 Million Public Co-Finance for the Greek Ultrafast Broadband Scheme
According to the Digital Economy and Society Index 2019 (DESI 2019), Greece ranks 26th amongst EU countries in fast broadband coverage per household. In particular, only 66% of homes have access to fast internet of above 30 Mbps, far below the EU coverage of 83%, and less than 1% have access to ultrafast broadband of at least 100 Mbps. The European Commission has recently approved as compatible State Aid €300 million of public support for Greece's Ultrafast Broadband Infrastructure Scheme (publication of decision pending - case number SA.53135). The scheme will bring ultrafast broadband services to approximately 2.400.000 customers in areas with insufficient connectivity in Greece.
https://seelegal.org/wp-content/uploads/2019/05/luka-novi-sad.jpg 636 1194 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-05-15 20:44:552019-05-15 20:47:50P&O Ports Acquires Luka Novi Sad
BDK Advokati represented P&O ports from Dubai in the acquisition of port Luka Novi Sad. The value of the transaction is EUR 23 million. The acquisition and investments to be made should help Luka Novi Sad to recover its devastated infrastructure and reach its full capacity of two and a half million tons of cargo loading and discharging per year. BDK Advokati’s team was led by senior partner Vladimir Dasic and also involved senior associate Tomislav Popovic on the corporate and M&A side, and associate Mladen Vujic on merger control filing.
https://seelegal.org/wp-content/uploads/2019/04/deals-in-pipeline.jpg 628 1200 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-04-02 13:24:382019-04-15 13:46:51Deals in the Pipeline in Turkey
With the decline in the Turkish lira and the economic distress the country is facing, the Minister of Treasury of Finance, Berat Albayrak had previously announced that within the new economic program of Turkey that Turkey would not be partaking in new projects funded by the government. However, there are some projects announced prior to this.
https://seelegal.org/wp-content/uploads/2018/10/plane.jpg 675 1280 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-03-30 18:12:492019-04-30 12:47:20Upcoming Tender for a New Operator of Maribor Airport
In January 2019, the Slovenian airport operator Aerodrom Maribor, owned by the Chinese-controlled SHS Aviation, announced the unilateral termination of its concession deal for the Edvard Rusjan Maribor Airport. SHS Aviation, the Chinese-controlled company bought Aerodrom Maribor at the end of 2016 for EUR 7 million and signed a 15-year concession contract with the state in early 2017, committing to pay a monthly concession fee in the amount of EUR 100.000. The contract will cease to be valid after a six-month notice period, i.e. on 15 July 2019. The Slovenian Ministry for Infrastructure is expected…
https://seelegal.org/wp-content/uploads/2019/04/airport-check-in.jpg 642 1263 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-03-28 22:21:122019-04-10 22:34:45A Concession Procedure for Sofia Civil Airport
A concession procedure for the Sofia Civil Airport has been announced on 2 July 2018 by the Minister of Transport of the Republic of Bulgaria for designation of a concessionaire and award of a concession for the construction of Civil Public Airport Sofia, which is public state property. The announced concession has an estimated value of approximately EUR 3.9 billion excluding VAT. The term of the concession is 35 years. The concessionaire shall pay the initial concession remuneration that amounts to EUR 281 million excluding VAT. The minimum investment requirement amounts to EUR 600 million for the term of the concession. There is also a requirement for the Concessionaire to build a third terminal within the first 10 years. Currently, the deadline for investors to submit their offers is 11 April 2019. The last extension was required because of changes in the Bulgarian Concessions Act. Amendments to the law ensure wider competition in the procedure. The amendments clarify the texts on a joint liability, the way of settling disputes between the parties and the grounds for invalidity of the Concession agreement.
https://seelegal.org/wp-content/uploads/2018/09/railways.jpg 536 1024 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-03-28 15:38:532019-04-15 15:58:42The Second Railway Track from Divaca to the Port of Koper
he Divaca-Koper section is an integral part of the Trans-European Transport Network ("TEN-T network"). In accordance with EU Regulation No. 1316/2013, the territory of the Republic of Slovenia is crossed by two corridors of the core network, an integral part of which is also the Divaca–Koper line: the Baltic Adriatic corridor in the direction (Graz)–Šentilj–Maribor–Ljubljana–Koper/Trieste, and the Mediterranean corridor in the direction (Venice)–Trieste/Koper–Ljubljana–Pragersko–Hodoš–(Budapest). The importance of the Divaca-Koper line is most evident in international railway freight transport, which is understandable given the role of the Port of Koper in linking the hinterland Slovenian and European economies with countries overseas.
https://seelegal.org/wp-content/uploads/2019/04/airport-3.jpg 683 1200 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-03-28 14:35:072019-04-15 14:48:49Concession of Aerodromi Crne Gore A.D
The Government of Montenegro, as 100% shareholder, has announced its intention to offer Aerodromi Crna Gora a.d. for concession. Aerodromi Crna Gora a.d. operates the two main Montenegrin airports in Podgorica and Tivat and is the only airport service provider in the country. The Government of Montenegro has not yet engaged with an advisor for the concession and is yet to officially decide on the final draft of the concession act. The concession fee has not been officially disclosed, but according to unofficial announcements, the future concessionaire should make an upfront payment of EUR 100…
https://seelegal.org/wp-content/uploads/2019/03/IJGlobalAwards201821.03.19©ElyseMarks_331a.jpg 600 1200 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-03-26 23:07:132019-03-26 23:07:40Belgrade Airport Concession Wins IJGlobal European Airports Deal of the Year 2018
IJGlobal, the market intelligence platform covering the global infrastructure finance, has awarded its prestigious IJGlobal Awards at the annual awards ceremony held on 21 March 2019 at the Natural History Museum, London. The magnificent venue was an appropriate setting to mark the achievements of global infrastructure and project finance professionals. The Belgrade Airport Concession has been awarded the European Airports Deal of the Year 2018 becoming the first Serbian transaction to have ever been awarded this respected industry award. BDK Advokati is proud to be a member of the team that…
https://seelegal.org/wp-content/uploads/2019/04/motorway.jpg 645 1200 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-03-20 22:41:422019-04-17 15:40:58Corridor Vc Phase 3 Project
An EBRD and EIB funded project that has a total estimated cost of EUR 235 million for the construction of priority motorway sections along the international transport Corridor Vc.
https://seelegal.org/wp-content/uploads/2018/09/construction2.jpg 526 997 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2018-11-08 17:52:332018-11-16 18:05:45Mandatory Licensing for all Construction and Designing Companies in Serbia
Milan Dakic, Real estate and Construction Partner of BDK Advokati, introduces the latest amendments of the Planning and Construction Act in relation to the licenses required for various types of design or construction works: The latest amendments of the Planning and Construction Act, effective as of 6 November 2018, introduce the requirement for all construction and designing companies (including solo entrepreneurships) to obtain licenses for various types of design/construction works until 6 November 2019. The licensing requirement that now applies across the board previously applied to…
https://seelegal.org/wp-content/uploads/2018/09/railway-tracks.jpeg 675 1280 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2018-09-29 10:49:282018-10-31 13:46:30The Second Railway Track from Divaca to the Port of Koper
The management of the Divaca-Koper railway project has been tranferred to 2TDK, the special purpose vehicle in 100% state ownership that was incorporated based on the law governing the project. The contractors of 2TDK are currently starting with the construction of access roads to the future construction site, while 2TDK will soon start publishing new tenders, first of them for project design documents, followed by various construction and technical tenders. The second track Divaca-Koper will be built by the end of 2025, with the most intensive building dynamics between 2019 and 2023, with an…