BDK Advokati on Private Client

BDK Advokati contributed to the latest edition of The In-house Lawyer Private Client guide, which provides an overview of the laws and regulations of Private Client across a variety of jurisdictions, including Serbia.

BDK Promotions

BDK Advokati announces the promotion of Sasa Stojanovic to partner and Bisera Andrijasevic to senior associate.

Biomin Acquires Vinfeed

Biomin GmbH acquires all shares in Serbian VINFEED DOO, one of the leading Serbian distributors of animal nutrition products. BDK Advokati advised Biomin GmbH on this transaction

Serbian Staff Leasing Act - Catching up with Reality

Despite ideological and legal differences between the social partners (employers’ and trade unions) that emerged in the course of its drafting, the Staff Leasing Act (“Act“) was finally adopted on 6 December 2019 and will become applicable on 1 March 2020 (except for the provisions on licensing of the staff leasing agencies, which will become applicable on 1 January 2020).

AmCham Roundtable on Judicial Practice in Commercial Matters

Tijana Kojovic, managing partner of BDK Advokati, co-moderated with Milan Lazic, partner in Karanovic & Partners, the AmCham Roundtable on Judicial Practice in Commercial Practice. The participants to the roundtable were Nela Kuburovic, the Minister of Justice, Vesna Lazarevic, Deputy President of the Administrative Court, Radmila Obucina, President of the Commercial Court of Appeals, Jovan Jovanovic, President of the Commercial Court in Belgrade, and Tatjana Jeremic, President of the Second Basic Court in Belgrade. The event was attended by representatives of the judiciary, lawyers and members of the business community.

Decathlon Opens its First Store in Serbia

Decathlon, one of the world’s largest sporting goods retailers, opened its first outlet in Serbia. With stores in more than 50 countries and a tradition of more than 40 years, this French sports chain offers sports equipment for all age groups and for more than 80 sports. Decathlon is expected to enrich the Serbian sports retail market with its policy of providing customers with high-value products at affordable prices.

Eldorado Gold Sells its Mining Companies in Serbia

Canadian mid-tier gold and base metals producer Eldorado Gold sells its two Serbian mining companies, Tara Gold and South Danube Metals to Ibaera Capital, an Australian PE focused on exploration and project development. Eldorado Gold was advised by BDK Advokati’s senior partner Vladimir Dasic and associate Sanja Dedovic.

Serbian Ministry of Finance Clarifies - No Withholding Tax on Payments on a Notional Principal under Interest Rate Swaps

The Serbian Ministry of Finance has finally reversed its own 2007 opinion which incorrectly held that gross payments on a notional amount under an interest rate swap agreement between a Serbian resident and a non-resident are subject to withholding tax on interest. This opinion was obviously wrong as it overlooked the economic essence of the payments under interest rate swaps. Even though it was not binding on the tax authorities, it did create a considerable amount of legal uncertainty in the past 12 years

Exit of Mid Europa Partners from Dairy Producer IMLEK

Following the sale of confectionery business to Coca-Cola HBC and water business to Matoni-PepsiCo, Mid Europa Partners is to exit from the dairy producer IMLEK.

Development of Wind Farm Capacities

The development of the second round of wind farm capacities in Serbia is expected to start at some point in 2020 and on.

Steps towards Compliance with Serbia’s New Data Protection Act

BDK Advokati's senior associate Milica Basta participated in a conference on initial results and the most frequent dilemmas in the implementation of the new Data Protection Act. The conference, held on 27 November 2019 in Belgrade, gathered nearly 50 representatives from companies operating in the Serbian market. The agency Forum Media organised the event.

Labiana Closes Acquisition of Vetzavod

Labiana Group, one of the global leaders in animal health industry, closed the acquisition of all issued shares in Veterinary Institute of Subotica (Vetzavod), a Serbian leading animal vaccine producer.