BDK Advokati Contributed to the Chambers Construction Law 2022 Global Practice Guide

June 2022 BDK Advokati’s partner Milan Dakic authored the Serbian chapter featured among 25 jurisdictions in the 2022 edition of the Chambers’ Global Practice Guide on Construction law. The Serbian chapter gives a comprehensive overview of the regulatory framework for the construction in Serbia, covering the latest legal information on, inter alia, the impact of COVID-19 on the construction sector; employers, stakeholders (contractors, subcontractors, and financiers); permits; contract prices; liability; risk, insurance, and securities; contract administration and claims; remedies and…

Personal Data Protection Risks of Employee Diversity and Inclusion Programmes in Bulgaria

June 2022 Authors: Nikolay Zisov, Deyan Terziev, BOYANOV & Co. Over the last few years, diversity and inclusion have become more than policies, programmes, or headcounts. More and more companies in Bulgaria aim to achieve a certain percentage of employees who belong to a religion or ethnic group, as well as the inclusion of such persons at different work process levels, including by respecting their customs and traditions. However, such initiatives often face legal challenges, specifically in view of compliance with the applicable personal data protection laws. Partner Nikolay Zisov and…

BOYANOV & Co. Nominated Best Law Firm: Central Eastern Europe at the International Legal Alliance Summit & Awards

June 2022 BOYANOV & Co. was nominated in the category Best Law Firm: Central Eastern Europe at the 13th edition of the International Legal Alliance Summit & Awards (ILASA) held in Paris on 1 June 2022. The ceremony brought together more than 500 senior representatives from leading law firms as well as general counsel from all around the world. BOYANOV & Co. is the only Bulgarian law firm that has been listed among the best law firms in Central Eastern Europe and we are proud to receive this special recognition by this prestigious jury of ILASA.

GDPR - 4-year Anniversary: NNDKP's Top Picks of Past and Upcoming Judgements of the Court of Justice of the European Union

June 2022 NNDKP's top 4 judgements of the Court of Justice of the European Union 1. Judgement of 5 June 2018 – Case C-210/16 – Wirtschaftsakademie Schleswig-Holstein (Facebook Fan Page Case)  What the Court mainly said: The CJEU held that two persons may stand as joint controllers even if there is no identity between their means and purposes of data processing. Thus, according to the Court, the administrator of a fan page hosted on Facebook contributes to determining, jointly with Facebook, the purposes and means of processing the personal data of the visitors to the fan page.…

Montenegro – Soon to Become a Destination for Digital Nomads?

May 2022  Author: Jelena Brajkovic, BDK Advokati  On 18 May 2022, a group of MP’s proposed amendments to the Foreigners’ Act to introduce the possibility of obtaining a temporary residence permit for digital nomads. The parliamentary debate on the amendments is expected to start at the beginning of June 2022. The amendments are designed to attract foreigners from IT and other mobile sectors to Montenegro. Digital nomads The proposed amendments to the Foreigners’ Act define digital nomads as foreign individuals (whether they are registered as entrepreneurs or not) who provide Montenegro…

Joint Guidance on Virtual and Hybrid International Medical Congresses

May 2022 Authors: Irene Kyriakides, Victoria Mertikopoulou, KG Law Firm Very recently, the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), the European Federation of Pharmaceutical Industries and Associations (EFPIA), and the Pharmaceutical Research and Manufacturers of America (PhRMA) published a Joint Guidance on Virtual and Hybrid International Medical Congresses, aiming to specify the parameters and factors that Companies should consider when determining which code and/or label to use as a reference for the Company activities.  The Joint Guidance clarifies,…

BOYANOV & Co. advised on the acquisition of Star Motors – the authorized Mazda dealer in Bulgaria and Republic of North Macedonia

May 2022 BOYANOV & Co. advised the buyer’s side on the acquisition of Star Motors EOOD. Star Motors, Sofia (https://www.mazda.bg/home) and Star Motors, Skopje (https://mazda.mk) are well-established and successful dealerships of the Japanese brand MAZDA in the region. The Star Motors Group offers the full range of new Mazda cars produced for the European market, as well as the full range of related services – from after-sales service-mechanical repairs, paint and bodyshop repairs, spare parts, lifestyle accessories, and extended warranty. BOYANOV & Co. provided full legal assistance…

1915 Canakkale Bridge Put in Service

May 2022 1915 Canakkale Bridge was put into service on 18 March 2022. 4,608-meter-long bridge connects two coasts of Canakkale. It is expected that the construction of the bridge will also have a significant affect on the development of the region by enabling the integration of ports, railway and air transportation systems in the Marmara and Aegean regions. The project’s contribution to the economy is estimated to be EUR 628 million. It also has an impact of (i) EUR 2 billion 442 million on national income, and (ii) EUR 5 billion 362 million on production activities.

Crni Vrh Wind Farm

May 2022 This is a wind farm project with envisaged installed capacity of 50 MW in the mountainous area of Eastern Serbia. The project in permitting stage which is expected to be completed during 2022. The project is being developed by two local development companies who are looking for an outside financial investor. The cost of the construction of this 50 MW wind farm is estimated at around EUR 100 million.

Pumped Storage Hydro Power Plant Djerdap 3

May 2022 Serbian Ministry of Mining and Energy plans investment into a new large-scale pumped storage hydropower plant Djerdap 3 with installed capacity of 2,400 MW. The investment in Djerdap 3 is estimated at several billion euros and would most likely require cross-border arrangements with Romania and Bulgaria.

Sale of Several Tourism Facilities

May 2022 Sava Turizem Sava Turizem d.d. and its umbrella brand Sava Hotels & Resorts is the largest Slovenian tourism company in Slovenia that operates 7 destinations: Sava Hotels Bled Terme 3000 – Moravske Toplice Terme Ptuj Zdravilišče Radenci Hoteli Bernardin Portorož  Salinera Resort Strunjan San Simon Resort Izola(under management)  The largest owners of the Sava Group are the financial fund York Global Finance Offshore, which had a 43.23% share at the end of 2020, followed by the state-run fund KAD with 28.05% and the state’s capital assets manager Slovenian…

Sale of 100% Equity and 28 Million EUR of Claims Towards the Company Alpina

May 2022 The Bank Assets Management Company (BAMC) has been selling 100% equity and all its claims (EUR 28 million) towards the company Alpina. Alpina is a sports and fashion footwear manufacturer, globally best known as the first choice of Olympic and World Cup winners in cross-country skiing races. BAMC became the sole owner of Alpina in 2015 after the conversion of receivables into capital, the expropriation of the previous owner of Alpina holding, and finalised compulsory settlement. BAMC stated that they believe that they have done everything to rehabilitate and stabilize the business…