The General Court Underlines The Importance of Standstill Obligation Before Obtaining Merger Approval

October 2021 Authors: Natasa Pipan Nahtigal, Spela Remec In its recent judgement, the General Court confirmed the importance of observing the standstill obligation in mergers that are subject to approval by the competent competition authorities. The Court only slightly reduced the record-breaking gun-jumping fine imposed by the European Commission. A. What is gun-jumping and who needs to consider it? In order to ensure that the most important mergers will bring about welfare for the society or, at minimum, not have a negative effect on the competition on the market, such transactions are subject…

Promotions at SELIH & PARTNERJI Law Firm

October 2021 SELIH & PARTNERJI Law Firm is glad to announce the promotion of Mia Kalas to the position of director and the appointment of Spela Remec and Miha Stravs to partners.  Recognising her leadership skills and commitment to the firm, Mia Kalas has been appointed as the fourth director, joining Nina Selih, Natasa Pipan Nahtigal, and Helena Butolen in managing, leading, and further developing one of the leading business law firms in Slovenia.  Spela Remec and Miha Stravs have been promoted to partnership. The promotion did not come only as a result of their talent and dedication,…

Beginning of the Sales Process of BETI d.d.

October 2021 The Bank Assets Management Company (BAMC) is initiating the sales process for the leading European manufacturer of special dyed and technical yarns, Beti d.d. The subject of the sales process is at least 86,7% of Beti’s equity and a majority of Beti’s financial liabilities which will be sold as a package. The equity stake is in 100% ownership of Mr. Viktor Kozjan and the claims by DUTB d.d. The deadline for submitting non-binding bids is 18 October 2021. In 2020, Beti had a net loss of EUR 53 000, which is the first net loss after 2013. The company's net sales revenues amounted…

Are You Sure That You Own Intellectual Property Rights In Works Created By Your Slovenian Employees?

September 2021 Author: Natasa Pipan Nahtigal, SELIH IN PARTNERJI Law Firm Although the laws on employment-related intellectual property rights have remained unchanged for many years, in practice, we often see cases of employers neglecting this particular area. As a result, a problem may arise in instances when, for example, an employer wishes to transfer or license an IP right, sue a third party for infringement of an IP right, or decides to sell a business. The problem with IP ownership is customarily identified during due diligence. In such circumstances, dealing with the legal issues with…

The Rotovz Center Project

September 2021 The Municipality of Maribor has published a public tender for the selection of a contractor for construction and installation works for the Rotovz Center, which will revive and connect the Maribor Library, the Maribor Art Gallery, and the city cinema, and is currently considered the largest project in Slovenia. The value of the investment is estimated at EUR 25.4 million. According to the investment program, the construction works are estimated at EUR 16.9 million. Bids to the public tender can be submitted until 9 am on 18 October 2021.  

Potential Sale of Leasing Companies

September 2021 It has been unofficially reported that some of the largest leasing companies owned by NKBM and SKB banks will soon be for sale: NKBM bank owns Summit Leasing, by far the largest leasing company in Slovenia. SKB bank has two leasing companies, SKB Leasing (the second largest leasing company), and SKB Leasing Select, which specializes in leasing Peugeot and Citroën vehicles. Although the banks have not confirmed any of the rumours yet, the sale of the leasing companies is likely, especially considering the fact that NKBM and SKB will expectedly soon share the same owner, the Hungarian…

Beginning of the Sales Process of MARIBORSKA LIVARNA MARIBOR d.d.

September 2021 The Bank Assets Management Company (BAMC) announced the beginning of the sales process of a 100% equity stake together with its claims (EUR 9 million) towards the company MARIBORSKA LIVARNA MARIBOR d.d. (MLM). MLM is a manufacturer of different tools and mechanical-treated aluminium die-castings designed for the automotive, electrical, and machine industry. In 2020, the company had 398 employees and generated EUR 30.5 million in revenues (a quarter less than in 2019) and a net loss of EUR 2 million (a loss of EUR 600 thousand a year earlier).

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

September 2021 The Bank Assets Management Company (BAMC) initiated the process for the sale of 100% equity and all its claims (28 million EUR) 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…

Sale of Paint Producer JUB

It has been unofficially reported that the paint producer JUB has begun the sale procedure, only considering strategic buyers from the industry – three of whom have supposedly been shortlisted.

NLB Group to sell NLB Skladi

The largest Slovenian banking group has decided to sell one of its most profitable businesses NLB Skladi, which manages assets in funds and individual management.

Lease of Office Buildings and Business Premises in the Future

On 19 June 2021, the Act amending the Housing Act (Zakon o spremembah in dopolnitvah Stanovanjskega zakona; SZ-1E) entered into force.

Companies Owned by Private Equity Funds Likely to be Sold

It is expected that many private equity funds will be exiting from their investments in Slovenia this year