From This Year Serbian Exports to Germany Should Comply With International Human Rights and Environmental Standards
January 2023
Author: Relja Radovic, BDK Advokati
Another foreign law overflowing to the Serbian market
On 1 January 2023, the German Act on Corporate Due Diligence Obligations in Supply Chains (“Supply Chain Act“) entered into force (an English translation is available here). The Supply Chain Act is a product of a long-term and global aspiration to introduce international human rights standards, often in combination with environmental standards, into the corporate world and throughout supply chains. (We wrote earlier about other examples of such legislation.) However, considering that…
SEE Legal Member Firms Advised Sandberg Capital on Its Investment in Quantox Technology
December 2022
Three SEE Legal member firms provided legal support to Sandberg Capital, a Slovak private equity firm, in its successful investment of EUR 20 million in the Serbian IT company Quantox Technology. Sandberg focuses on investing in smaller and middle-sized companies with growth potential and Quantox is one of the largest software development companies in the Southeast Europe region.
The transaction is Sandberg Capital’s first direct investment in Serbia. The company aims to further strengthen the position of Quantox Technology in the region and accelerate its expansion abroad.
BDK…
Sandberg Capital Invests in Quantox Technology
December 2022
Sandberg Capital, Slovak private equity firm which focuses on investing in smaller and middle-sized companies with growth potential, is investing EUR 20 million in Serbian IT company Quantox Technology, one of the largest regional software development houses.
Quantox was founded in 2006 by entrepreneur Vuk Popovic, and currently counts more than 500 experts working from 13 development centers in 7 European countries – Serbia, Northern Macedonia, Bosnia and Herzegovina, Montenegro, Ukraine, Romania, and Germany.
This is Sandberg’s first direct investment in Serbia, which aims…
Integrator Acquired Manpower’s Business in Hungary
December 2022
Integrator, the franchisee of Manpower in Serbia, Croatia, Slovenia, Bosnia & Herzegovina, and Bulgaria, acquired Manpower’s business in Hungary from Manpower Inc.
This transaction makes Integrator one of the major HR consulting and recruiting firms in the region, operating in six countries.
BDK Advokati represented Integrator in the negotiations of the transaction documents.
BDK Advokati team was led by senior partner Vladimir Dasic, with contributions of partner Dragoljub Sretenovic, and junior associate Milan Popovic.
Catena Media to Sell AskGamblers
December 2022
Catena Media (CTM, STO), a company specializing in online gambling, entered into an agreement with Gaming Innovation Group Inc. to sell its AskGamblers business and associated global casino brands. The value of the transaction is EUR 45 million on a cash and debt-free basis.
Through this transaction, Catena Media sells two wholly owned subsidiaries in Malta and Serbia that operate the AskGamblers brand and the associated online casino brands JohnSlots and NewCasinos.
BDK Advokati advised Catena Media on this deal in relation to the sale of the Serbian entity.
Senior partner Vladimir…
BDK Advokati Advised MediGroup
Deceber 2022
MediGroup system and the Institute for Laboratory Diagnostics Konzilijum have formed a strategic partnership to develop further and expand the laboratories network.
Konzilijum is the first private accredited laboratory in Serbia. It has been operating successfully since 1994, providing quality service in various areas of laboratory diagnostics: biochemistry, microbiology, pathophysiology, cytology, cytogenetics, and genetics.
Through this transaction, MediGroup and Konzilijum have expanded their respective networks of laboratories which are now available in 77 locations across…
Merkur Osiguranje d.d. Acquires Wustenrot Zivotno Osiguranje d.d.
December 2022
DTB is proud to announce that after obtaining all regulatory approvals, one of the leaders in the Croatian insurance sector, Merkur osiguranje d.d. Hrvatska, completed the acquisition of a well-known life insurance company Wusternot zivotno osiguranje.
DTB’s Corporate, Regulatory, Employment, Dispute Resolution, IP, and Real Estate teams jointly performed comprehensive legal due diligence on the target company.
DTB’s acquisition team consists, among others, of Senior Partner Mario Krka and Attorney Dominik Glavina.
DTB Supports Entain in the Largest Acquisition of all Times in Croatia and Wider Region
November 2022
Divjak, Topic, Bahtijarevic & Krka are proud to announce that after obtaining all regulatory approvals, Entain Plc., a global sports-betting, gaming, and interactive entertainment group, completed the takeover of SuperSport Group, the leading Croatian gaming and sportsbook operator with a 54% market share. This transaction is the largest all-time deal in the CEE region, with the value of the consideration of approximately €920 million and its implications exceeding not just Croatia, but also the entire CEE region.
The acquisition was made through a partnership with EMMA Capital,…
DTB Assists PPD in Selling 50% Shares in TMF, Majority Shareholder of Petrokemija d.d.
November 2022
Divjak Topic Bahtijarevic & Krka (DTB) has assisted Prvo plinarsko drustvo, the leading subsidiary of the largest Croatian private company ENNA, in the disposal of its participation in joint venture company Terra Mineral Fertilizer Ltd. (“TMF”). TMF is the largest shareholder of the only Croatian fertilizer company - Petrokemija. The majority stake in Petrokemija has been sold to Turkish conglomerate Yildrim Group, and the completion of the transaction is subject to customary approvals of regulators in several jurisdictions. DTB has assisted Prvo plinarsko drustvo with…
SEE Legal Member Firms Advised BioIVT on the Acquisition of Fidelis Research
October 2022
Five SEE Legal member firms provided legal support to BioIVT, a leading provider of biospecimens, research models, and drug and diagnostic development services, for the successful acquisition of Fidelis Research, an 85-site clinical biospecimen collection network in Southeastern Europe with headquarters in Sofia, Bulgaria.
BOYANOV & Co. coordinated the legal work of its SEE Legal partners from Divjak Topic Bahtijarevic & Krka, BDK Advokati, NNDKP, and Kolcuoglu Demirkan Kocakli.
The transaction increased the scale and depth of BioIVT’s global operations by adding new…
Acquisition & Integration of G.E. Dimitriou SA in the Quest Group
September 2022
KG Law Firm advised Quest Group in the absorption and integration of G.E. Dimitriou S.A. in its group through a court-ratified rehabilitation agreement contemplating a €5mln. participation of the listed in the ATHEX Quest Holdings SA in a share capital increase of the target company. G.E. Dimitriou engages in the business of electronic appliances importing and distributing the Toyotomi, Singer, Kerosun, and Izola brands.
The KG team was led by Theodore Rakintzis, Partner, and Penny Oikonomopoulou, Counsel.
KG Law Firm Advised Mercedes-Benz AG Group
September 2022
KYRIAKIDES GEORGOPOULOS Law Firm advised Mercedes-Benz AG Group, Stuttgart, Germany, in the signing of an agreement for the sale and transfer of all the shares of its Greek subsidiary Mercedes-Benz Hellas to the Swiss Emil Frey Group, which is the largest independent vehicle dealership network in Europe, with over 620,000 sales in 2021.
To ensure a smooth transition the change of ownership will be completed in the first quarter of 2023.
The KG team was led by Theodore Rakintzis, Partner, Meletios Andrianos, Senior Associate, and Rodopi Maniati, Associate.
