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…

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.

Serbia and IFC Cooperating on Port, Infrastructure Development

May 2022 The Minister of Construction, Transport and Infrastructure and the Regional Manager for Central and Southeast Europe of the International Finance Corporation (IFC) signed an Agreement on cooperation in public projects of public-private partnership (PPP) in the field of infrastructure. According to the agreement, the IFC will cooperate with the Ministry of Construction, Transport, and Infrastructure in drafting quality documentation for public-private partnerships in infrastructure projects, and IFC will bear 80% of the costs. The first two projects, by the implementation of this agreement,…
, ,

Greiner Packaging acquires 100% shares in Termoplast Grupa

April 2022 Greiner Packaging International GmbH, an international group with 692m EUR sales revenues and over 4,900 employees worldwide, has acquired 100% of shares in Termoplast Grupa. Termoplast Grupa is the 49% shareholder of Greiner Packaging Slovenia, the leading producer of plastic packaging solutions in the SEE region that has two production plants located in Serbia. Three SEE Legal member firms advised Termoplast Grupa on the transaction - BDK Advokati, Divjak Topic Bahtijarevic & Krka Law Firm, and SELIH & PARTNERJI Law Firm. 

CEECAT Capital Acquires a Majority Stake in Gomex

April 2022, BDK Advokati CEECAT Capital, private equity and private credit investor, has acquired a majority ownership interest in Gomex d.o.o., a leading neighborhood grocery store chain in Serbia. Gomex has approximately 2500 employees and more than 190 retail stores spread across Serbia. The investment will enable Gomex to accelerate its growth and expansion plans in Serbia. The investment in Gomex is the first in Serbia for CEECAT Capital. With its sale to CEECAT Capital, SEAF South Balkan Fund has sold its last investment in that Fund while Gomex’s founder Mr. Goran Kovacevic remains in…

BDK Advokati Advised Yokohama Rubber

March 2022 Yokohama Rubber Co., Ltd., a tire manufacturing company based in Japan, entered into a share purchase agreement with the Swedish-based Trelleborg AB to acquire all shares of Trelleborg Wheel Systems Holding AB, a company engaged in the manufacture and sale of off-highway tires for agricultural and forestry machines, material handling, construction vehicles, motorcycles, and other specialty segments. The enterprise value is over EUR 2 billion. BDK Advokati advised Yokohama Rubber on the Serbian law aspects of this acquisition, along with Freshfields Bruckhaus Deringer as international…

Serbia Activates Temporary Protection for Displaced Persons Fleeing Ukraine

March 2022 Author: Relja Radovic, BDK Advokati  On 17 March 2022, the Government of Serbia adopted the Decision on the Temporary Protection in the Republic of Serbia of Displaced Persons from Ukraine (available in Serbian here). The decision was published on 18 March 2022, and it entered into force on 19 March 2022. According to the Asylum and Temporary Protection Act (Official Gazzete No. 24/2018), the Government can activate the temporary protection regime in the event of a mass influx of displaced persons who are unable to return to the country of origin or usual residence, if there is…

ESG in Serbia at the Beginning of 2022: Status and Prospects

March 2022 Author: Relja Radovic, BDK Advokati ESG in Legal Practice Environmental, Social, and Governance (“ESG“) is more than regulatory compliance. It assumes a proactive approach on the part of private actors in response to environmental, social, and governance concerns. The phenomenon might be difficult to grasp in societies captured in a long process of transition and catching up with global business models. In this post, we review the current state of affairs regarding ESG in Serbia and desirable developments for the future. ESG has captured virtually all aspects of modern business…

Key Points From EDPB’s Guidelines on the Right of Access

March 2022 Author: Pablo Perez Laya, BDK Advokati Arts. 12 and 15 of the EU Data Protection Regulation (EU) 2016/679 (“GDPR“) regulate the right of access (“RoA“). This right consists of three main components: (i) confirmation of whether personal data are processed; (ii) access to the personal data; and (iii) information about the processing itself. The European Data Protection Board (“EDPB“) adopted, on 18 January 2022, the Guidelines 01/2022 on data subject rights – Right of access (“Guidelines“), to provide more precise guidance on how to implement the RoA in different…

How People Fleeing a Conflict Can Stay and Work in Serbia

March 2022 Author: Marija Gligorevic, BDK Advokati While the European Union has introduced special temporary protective measures for people fleeing the war in Ukraine, Serbia is currently not faced with a mass influx of displaced persons from that country. As a matter of principle, people fleeing the war in Ukraine or persecution in Russia may avail themselves in Serbia of the asylum procedure. Individuals from these two countries may also enter and work in Serbia based on general rules applicable to foreigners. Asylum Foreigner is eligible for refugee status in Serbia if they have a well-founded…

BDK Advokati Advised Convex Holding

March 2022 BDK Advokati advised Convex Holding from the UK in connection with the sale of their remaining 49% share in Trizma d.o.o. to M Plus Croatia d.o.o, after the initial sale of 51% share back in 2018. Trizma is a call centre provider located in Serbia while M Plus Croatia d.o.o. is a regional player in the area of contact center services and direct marketing, specialising in telecommunications, TV, energy, banks, insurance, and FMCG industries. The transaction also included the acquisition of a minority share in M Plus Croatia d.o.o. by Convex Holding. Senior partner Vladimir Dasic and…