KDK Law Firm's First Competition Quarterly Bulletin

Kolcuoglu Demirkan Kocakli Law Firm is publishing its first quarterly bulletin, where the developments in the area of Competition Law in Turkey will be summarised and recent notable decisions of the Competition Board will be highlighted on a quarterly basis.

Sale of Belgrade Pharmacy

Belgrade city Government plans to sell Belgrade pharmacy company (Apoteka Beograd), as the state-owned retailer with a network of 124 pharmacies across 17 Belgrade municipalities. It is not yet clear if the company will be sold through a classic sales-purchase agreement or if a concession agreement will be signed. The starting price of Belgrade pharmacy has not been disclosed yet.

BDK Advokati on Life Sciences Law in Serbia

BDK Advokati has contributed Serbia chapters to two related Getting the Deal Through publications: Life Sciences 2020 and Pharma & Medical Device Regulation 2020. Both chapters were authored by partner Bogdan Ivanisevic and senior associate Bisera Andrijasevic.

Labiana Closes Acquisition of Vetzavod

Labiana Group, one of the global leaders in animal health industry, closed the acquisition of all issued shares in Veterinary Institute of Subotica (Vetzavod), a Serbian leading animal vaccine producer.

The Greek Council of State Annuls a Clawback Imposition for the First Time: “The Orphans Case”

By virtue of a recent pioneer decision (1785/2019), the Council of State annulled the imposition of the clawback mechanism on “orphan drugs” on the basis that the imposition of said measure on this particular category of pharmaceutical products and therefore, their equation with other pharmaceutical products, is against the constitutional principles of Equality and Proportionality.

MediGroup Expands in Serbia

MediGroup has acquired 100% of the shares in Zdravo Med, a healthcare clinic based in Subotica, while its human laboratory division MediLab has opened its laboratories in the city of Niš. MediGroup is the largest private healthcare provider in Serbia with 15 facilities across key cities, providing inpatient, outpatient, lab, IVF, ophthalmology and cosmetology services. Zdravo Med is MediGroup’s first bolt-on acquisition after MidEuropa Partners became the owner of 55% in MediGroup in 2018.

KG Law Firm's Vicky Kriketou - Speaker at the Compliance and Transparency Conference for Life Sciences

Kyriakides Georgopoulos Law Firm’s counsel, Vicky Kriketou participated as a speaker at the Compliance and Transparency Conference for Life Sciences, which was held on 26th and 27th September 2019 in Amsterdam. The conference gave recognition to the best practices and offered a platform for open discussion and exchange of ideas on how to overcome the present-day challenges that compliance professionals in the life sciences industry are facing. Vicky contributed to the conference with a presentation on “Life Sciences Litigation and Risk Management”.

The Baylor Black Sea Foundation will be able to Continue the National Medicine Donation Program

In 2017, the Baylor Black Sea Foundation, represented by NNDKP, facing the refusal of the Romanian fiscal bodies to authorise the import with the exemption from the payment of the value added tax and of the related custom duties applicable to the medicines necessary for the treatment of several serious conditions, took the issue to court in order to resolve this administrative-fiscal conflict that was jeopardising the future of the entire donation program of the Foundation. The Constanța Court of Appeals recently confirmed the correct decision of the Court, annulling the decisions of the fiscal bodies refusing the import of medicines with the exemption from the payment of the value added tax, after the decision of the first level court had been previously reversed by the Court, pursuant to a final decision, whereby it had dismissed the complaint filed by the Foundation, who had challenged the refusal of the fiscal authorities to authorise the import of medicines under a regime allowing the exemption from the payment of custom duties.

The Greek Ministry of Health on Conferences, Scientific Events and Educational Activities Applying to Pharmaceutical and Medical Devices Companies

The KG Law Firm’s pharmaceutical team has circulated a News Flash on the Greek Ministry of Health Circular Ref. No. Γ5α/Γ.Π.οικ 46754 in relation to Conferences, Scientific Events & Educational Activities that pertains, inter alia to Pharmaceutical and Medical Devices Companies.

Pricing of Pharmaceutical Products: The New Greek Ministerial Decision no. 32535/2019

KG Law Firm’s pharmaceutical team has issued its latest News Flash on the new Ministerial Decision no. 32535/2019 followed up on the new pricing structure of the Law 4600/2019, as well as on the pharmaceutical companies’ obligation to pay their respective rebates for the years 2006, 2007 and 2008 under the new Law 4611/17-05-2019.

The New Medical Devices Act in Serbia

BDK Attorney at Law Bisera Andrijasevic provides an overview of the implication of the new Medical Devices Act in Serbia. The new Medical Devices Act, which had entered into force already on 1 December 2017, became applicable on 1 December 2018. The adoption of this legislation marks the beginning of distinct legal treatment of medical devices, separate from the treatment of medicinal products which remain regulated by the old Medicines and Medical Devices Act.

BDK Advokati on Legal Practice for the Life Sciences Industry in Serbia

Bogdan Ivanisevic, partner, and Bisera Andrijasevic, associate, authored the Serbian chapter in the 2019 edition of Getting the Deal Through – Life Sciences 2019.