BDK Advokati Advised Waberer’s Group on the Acquisition of 55% of MDI
April 2024
BDK Advokati successfully advised Waberer’s Group on the acquisition of MD International. By the sale and purchase agreement signed on October 6, 2023, Waberer’s wholly-owned subsidiary, WSZL Kft., has successfully concluded the acquisition of a 55% interest in MD International of Serbia. As part of this transaction, WSZL has also secured an option to acquire an additional 45% interest, as well as a 0.1% stake in MDI Dobanovci, a separate entity resulting from the carve-out of MDI, which possesses 8.5 hectares of land designated for logistics center development in the Dobanovci…
BDK Advokati Advised Enlight Renewable Energy Ltd. and Enlight K-2 Wind on the Development and Financing of the Pupin Wind Farm
March 2024
BDK Advokati successfully advised Enlight Renewable Energy Ltd. and Enlight K-2 Wind on the development and financing of the 94.4MW Pupin Wind Farm, slated for construction in the municipality of Kovacica.
The Pupin Wind Farm emerged as one of the successful bidders in last year’s market premium auction and is the first one to secure project financing. Situated adjacent to the operational 104.5 MW Kovačica Wind Farm, also developed by Enlight Renewable Energy, these projects will collectively position Enlight Renewable Energy as one of the largest independent power producers in…
BDK Advokati Advised Atlantic Grupa in Acquiring Strauss Adriatic
February 2024
BDK Advokati advised Atlantic Grupa in acquiring Strauss Adriatic, the owner of Serbian coffee brands Doncafe and C kafa. Atlantic Grupa will also assume control of Strauss Adriatic’s production facility in the Šimanovci industrial zone near Belgrade, along with its 220 employees.
This integration is an important contribution to Atlantic Grupa’s development of the coffee category in Serbia.
BDK team was led by Vladimir Dasic, senior partner and head of BDK’s M&A practice, with the assistance of associate Milan Popovic and junior associate Petar Eric. Senior partner…
REM unlawfully discontinued proceedings against Happy TV for denial of atrocities in Prijedor camps, Administrative Court rules
February 13
In a recent decision, the Administrative Court in Belgrade refuted the position of the Serbian electronic media regulator (REM) that the purported lack of a majority of votes entitled the regulator to discontinue the proceedings against a television broadcaster.
On 10 May 2021, REM discontinued the proceedings against Happy TV, initiated two months earlier by former prisoners of the concentration camps Omarska, Keraterm and Trnopolje (in the area of Prijedor) that existed during the Bosnian war (1992-1995). REM stated that it was unable to reach a majority of votes either in favour…
BDK Advokati Advised INVENIO in the Process of Segmentation of the Vocational Education Division of LINK Group
November 2023
BDK Advokati advised INVENIO Partners (INVENIO) who joined forces with Accession Capital Partners (ACP) in the process of segmentation of the vocational education division of LINK Group, a leading professional education business in Southeastern Europe. Dentons assisted in relation to English law matters, while NNDKP along with Gladei & Partners assisted in relation to Romanian and Moldovan aspects of the acquisition.
INVENIO and ACP will support LINK’s leadership team to expand the company’s geographic reach. Additionally, they will enhance the company’s product…
The Government of Serbia Repealed Most of the Recent Restrictions on Clinical Trials
October 2023
As SEE Legal reported, in August this year, the Government of Serbia adopted amendments to the Rulebook on clinical trials of human medicines (“Rulebook on Clinical Trials“), introducing significant changes to the clinical trials regime.
The first amendment limited clinical trials to public healthcare institutions, excluding privately-owned healthcare institutions from the clinical trials system. The second amendment completely excluded the possibility of conducting phase I clinical trials (phase I, Ia, and Ib) in Serbia.
The amendments caused backlash from the industry associations,…
BDK Advokati Advised Shareholders of Amiga in the Sale to Beam Global (NASDAQ: BEEM)
October 2023
BDK Advokati advised shareholders of Amiga DOO, a regional leader in the production of poles for mobile networks, street lighting, and innovative solar poles in the sale of 100% of shares to Beam Global (NASDAQ:BEEM).
Beam Global is at the forefront of clean technology innovation, offering sustainable solutions for electric vehicle (EV) charging, energy storage, and energy security.
BDK’s team is being led by senior partner Vladimir Dasic, with the assistance of finance partner Dragoljub Sretenovic and senior associate Marija Gligorevic.
BDK Advokati Advises Waberer’s International on the Acquisition of MDI
October 2023
Waberer’s International acquired a 55% shareholding in Serbian company MD International (MDI), with an option to acquire the remaining 45%. The purchase price was not disclosed.
Waberer’s is the largest road transport company in Hungary and one of the largest road freight transport companies in Europe, operating a fleet of 3,500 trucks. It has a presence in Belgium, Germany, France, Italy, the Netherlands, Poland and the UK.
MDI has positioned itself as a significant player in Serbia’s distribution industry, with brands such as Henkel, Vileda, Wilkinson Sword, and Pionir.
The…
“Tracking”, “Monitoring”, and “Profiling” in Recent Clearview AI cases
September 2023
In the past two years, most recently on May 10, 2023, when the Austrian Datenschutzbehörde issued its decision, supervisory authorities in several European countries declared the processing of personal data by the company Clearview AI to be contrary to the GDPR. To determine whether GDPR applied to the processing of personal data by a company based in the United States, the authorities had to interpret the concepts of “monitoring”, “tracking”, and “profiling”.
This blog post explores how the recent Clearview decisions interpreted “monitoring”, “tracking”,…
BDK Advokati Advised Shareholders of Digital Revolution d.o.o. in the Sale of Shares to FIBERS PTE
September 2023
BDK Advokati advised Vision Gaming Holding and other shareholders of Digital Revolution d.o.o. in the sale of 100% of shares to FIBERS PTE from Singapore.
Digital Revolution together with Digital 1 operates one of the first online web-gaming sites Circus Bet which was founded in 2016 and immediately became one of the most popular platforms for online betting.
BDK team was led by Senior Partner Vladimir Dasic and Junior Associate Andjela Susljik.
New Restrictions to Clinical Trials in Serbia
August 2023
The Government of Serbia adopted in the beginning of August amendments to the Rulebook on clinical trials of human medicines (“Rulebook on Clinical Trials“), which entered into force on 12 August 2023. There are two significant changes that negatively affect clinical trials in Serbia.
The first amendment relates to the site of a clinical trial, which is now limited to public healthcare institutions. Therefore, clinical trials can no longer be conducted in privately owned healthcare institutions.
The second amendment excludes phase I clinical trials (phase I, Ia, and Ib) from…
Sale of a 100 % Shareholding in UNIOR Components d.o.o., Kragujevac, Serbia
June 2023
Unior Components D.O.O. Kragujevac is an enterprise based in Serbia. It is owned by UNIOR d.d., based in Slovenia, and operates in the Machine Tool Manufacturing industry. The latest financial highlights indicate a net sales revenue drop of 1.73% in 2021. A growth of 4.4% was recorded in its total assets. In 2021, Unior Components D.O.O. Kragujevac’s net profit margin decreased by 3%.
