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https://seelegal.org/wp-content/uploads/2022/07/payment-services.jpg 1335 2000 Ivet Goranova https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Ivet Goranova2022-07-28 08:17:352022-08-09 08:58:53Open Banking in a Closed Market
July 2022, BDK Advokati In 2014, Serbia made a big step forward in aligning its payment services regulations with the EU rules. The Payment Services Act (Zakon o platnim uslugama), a local equivalent of the first Payment Services Directive (“PSD1“), was adopted, opening the doors of the industry to non-bank service providers. The acquis target then moved in early 2016, when the Revised Payment Services Directive (“PSD2“) entered into force, making a huge impact on the EU payment market. As there are already talks about a third Payment Services Directive being considered, now is an opportune…
https://seelegal.org/wp-content/uploads/2022/07/car.jpg 1382 2500 Ivet Goranova https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Ivet Goranova2022-07-18 14:58:402022-07-22 15:01:00One Equity Partners to acquire Fortaco Group
July 2022, BDK Advokati Funds managed by CapMan Buyout have agreed to sell to PE firm One Equity Partners the holdings in Fortaco Group, the leading brand independent strategic partner to the heavy off-highway equipment and marine industries offering technology, vehicle cabins, steel fabrications, and vehicle assemblies. BDK Advokati advised on the Serbian aspects of the transaction. The closing of the transaction is expected in the second half of 2022 and is subject to regulatory approvals and customary closing conditions. BDK team was led by senior partner Vladimir Dasic and included…
https://seelegal.org/wp-content/uploads/2022/07/VBER.jpg 2678 3840 Ivet Goranova https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Ivet Goranova2022-07-15 14:52:222022-07-22 14:58:24The New VBER and How It Affects the Assessment of Vertical Agreements in Candidate Countries
July 2022, BDK Advokati The European Commission adopted in May 2022 a new Vertical Block Exemption Regulation (VBER) and new Vertical Guidelines (Guidelines), effective as of 1 June 2022 and valid until 31 May 2034. The new VBER applies to all agreements concluded on or after 1 June 2022. The agreements which were in force as of 31 May 2022 and enjoyed under old VBER an exemption from the prohibition which is no longer available under the new VBER, will continue to be covered by the exemption until 31 May 2023. VBER provides a safe harbour for agreements between suppliers and customers which…
https://seelegal.org/wp-content/uploads/2022/07/epam.jpg 1272 2000 Ivet Goranova https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Ivet Goranova2022-07-07 14:23:402022-07-22 14:26:36BDK Advokati Advises EPAM on Expansion of its Serbian Operations
July 2022, BDK Advokati BDK advised EPAM Systems Inc. (NYSE) on acquiring IP assets and takeover and integrating employees of Serbian IT company Vivify Ideas d.o.o. Novi Sad. Managing partner Tijana Kojovic led our team of lawyers. The senior team on the transaction also included Tomislav Popovic, corporate and tax law counsel; partner Bogdan Ivanisevic, an expert on data protection and IP laws; Marija Gligorevic, senior associate in the employment team.
https://seelegal.org/wp-content/uploads/2022/07/competition.jpg 1250 2500 Ivet Goranova https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Ivet Goranova2022-07-05 14:19:142022-08-09 09:00:40Serbian Competition Watchdog Issues Model Compliance Program
July 2022, BDK Advokati Model Program The Serbian Commission for Protection of Competition has published Model Competition Compliance Program, along with the guidelines on how market participants should adapt the model to their personal circumstances. The practice of competition law enforcement in Serbia so far shows that competition law infringements are often result of a complete lack of awareness of the legal requirements. The main aim of the published compliance program model is to raise compliance awareness among market participants and reduce the risks of provoking competition law infringements. The…
https://seelegal.org/wp-content/uploads/2022/06/construction-law-2022-lg-e1655799092542.png 825 1099 Ivet Goranova https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Ivet Goranova2022-06-21 10:14:282022-06-21 10:14:28BDK 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…
https://seelegal.org/wp-content/uploads/2022/05/cape-ortegal-g73707f191_640.jpg 414 640 Ivet Goranova https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Ivet Goranova2022-05-16 09:32:522022-05-16 09:32:52Crni 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.
https://seelegal.org/wp-content/uploads/2022/05/mcnary-oregon-gaf7d603fb_640.jpg 360 640 Ivet Goranova https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Ivet Goranova2022-05-16 09:28:412022-05-16 09:28:41Pumped 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.
https://seelegal.org/wp-content/uploads/2022/05/ccimage-27753882222_ec8d03ab4f_o.jpg 2885 5130 Ivet Goranova https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Ivet Goranova2022-05-13 15:18:402022-05-13 15:18:40Serbia 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,…
https://seelegal.org/wp-content/uploads/2022/04/plastic.jpg 1500 2000 Ivet Goranova https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Ivet Goranova2022-04-29 08:27:582022-05-10 08:40:53Greiner 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.
https://seelegal.org/wp-content/uploads/2022/04/grocery.jpg 1125 1500 Ivet Goranova https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Ivet Goranova2022-04-04 14:05:062022-04-04 14:12:00CEECAT 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…
https://seelegal.org/wp-content/uploads/2022/03/tires.jpg 1333 2000 Ivet Goranova https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png Ivet Goranova2022-03-31 08:53:402022-03-31 08:53:40BDK 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…