BDK Advokati Advised Dnata

BDK Advokati advised Dnata, a globally successful corporation based in the United Arab Emirates, on the acquisition of all shares in Serbian EAP Shared Services d.o.o. from Etihad Airport Services LLC. EAP Shared Services d.o.o. acts as a contact center of various airlines and brings their loyalty programs under one roof in Europe.The deal was closed on 31 January 2019, and both parties have agreed not to disclose the purchase price. The BDK team was led by Sasa Stojanovic (counsel), and also involved Pablo Perez Laya (consultant) and Sanja Dedovic (junior associate). Tijana Kojovic was the…

BDK Advokati Advises Lenders on the Financing of the Belgrade Airport Concession

On 21 December 2018, VINCI reached financial close and took over the management of Belgrade Airport Nikola Tesla, marking an important milestone for the project finance market in Serbia. With more than EUR 400 million of loan commitments, it is the country’s largest project financing to date. BDK Advokati acted as Serbian legal counsel to the lenders which included IFC, EBRD, Deutsche Investitions- und Entwicklungsgesellschaft (DEG) and Societe de Promotion et de Participation pour la Cooperation Economique SA (Proparco), as well as six commercial banks. The project, with a total cost of close…

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 construction of Civil Public Airport Sofia, which is a public state property. The announced concession has an estimated value of EUR 3,898 229 907 excluding VAT. The term of the concession is 35 years. The concessionaire shall pay the initial concession remuneration that amounts to BGN 550 million excluding VAT. The minimum investment requirement amounts to EUR 600 million for the term of the…

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…

Sale of Luka Novi Sad

The Republic of Serbia is expected to announce the sale of Luka Novi Sad (Novi Sad port). The target is the only remaining state-owned port in Serbia that was previously under radar of 12 local and foreign companies which officially submitted letters of interest in the past. The asking price remains unknown.

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.

SEE Legal Advises TNT and FedEx

SEE Legal advises TNT and FedEx on all legal matters related to the business of the companies in Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, North Macedonia, Montenegro, and Serbia.

Divjak, Topic & Bahtijarevic Won the First Ever CEE Legal Matters CEE Deal of the Year Award for Croatia

SEE Legal's Croatian member, Divjak, Topic & Bahtijarevic Law Firm, has won the first ever CEE Legal Matters CEE Deal of the Year Award for Croatia at the Deal of the Year Awards Banquet in Prague on 7 June 2018 for its work on Arriva’s acquisition of Autotrans. Winners were selected from all deals signed in the 2017 calendar year, and were based on deal complexity, market (and regional) significance, and innovation. Final nominees were selected by a first panel of highly-regarded private practitioners in Croatia and a second, Final Selection Committee, of prominent legal experts from across…