GDPR - 4-year Anniversary: NNDKP's Top Picks of Past and Upcoming Judgements of the Court of Justice of the European Union

June 2022 NNDKP's top 4 judgements of the Court of Justice of the European Union 1. Judgement of 5 June 2018 – Case C-210/16 – Wirtschaftsakademie Schleswig-Holstein (Facebook Fan Page Case)  What the Court mainly said: The CJEU held that two persons may stand as joint controllers even if there is no identity between their means and purposes of data processing. Thus, according to the Court, the administrator of a fan page hosted on Facebook contributes to determining, jointly with Facebook, the purposes and means of processing the personal data of the visitors to the fan page.…
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Greiner 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. 

CEECAT 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…

ESG in Serbia at the Beginning of 2022: Status and Prospects

March 2022 Author: Relja Radovic, BDK Advokati ESG in Legal Practice Environmental, Social, and Governance (“ESG“) is more than regulatory compliance. It assumes a proactive approach on the part of private actors in response to environmental, social, and governance concerns. The phenomenon might be difficult to grasp in societies captured in a long process of transition and catching up with global business models. In this post, we review the current state of affairs regarding ESG in Serbia and desirable developments for the future. ESG has captured virtually all aspects of modern business…

BDK Advokati Advised Convex Holding

March 2022 BDK Advokati advised Convex Holding from the UK in connection with the sale of their remaining 49% share in Trizma d.o.o. to M Plus Croatia d.o.o, after the initial sale of 51% share back in 2018. Trizma is a call centre provider located in Serbia while M Plus Croatia d.o.o. is a regional player in the area of contact center services and direct marketing, specialising in telecommunications, TV, energy, banks, insurance, and FMCG industries. The transaction also included the acquisition of a minority share in M Plus Croatia d.o.o. by Convex Holding. Senior partner Vladimir Dasic and…

BOYANOV & Co. is Advising Plastics Manufacturer Borealis

February 2022 BOYANOV & Co. is advising plastics manufacturer Borealis on the Bulgarian legal aspects of the binding offer from EuroChem for Borealis’ nitrogen business. EuroChem intends to acquire Borealis’ nitrogen business, which includes fertilizer, melamine, and technical nitrogen products. It is valued at EUR 455 million under the terms of the offer. The transaction is subject to certain closing conditions and regulatory approvals, with closing expected for the second half of 2022. Borealis is one of the world’s leading providers of advanced and circular polyolefin solutions and…

KYRIAKIDES GEORGOPOULOS Law Firm Contributes to “DLA Piper GDPR fines and data breach survey: January 2022”

February 2022 KYRIAKIDES GEORGOPOULOS Law Firm's Data Protection and Privacy Practice contributed to the “DLA Piper GDPR fines and data breach survey: January 2022”. It covers key GDPR metrics across the European Economic Area (EEA) and the UK, with regard to personal data breaches notified to regulators and the fines imposed.   The Survey includes interesting figures also for the Greek jurisdiction. Greece continues to rank considerably low among the countries covered in terms of the total number of data breaches notified and last in the number of breach notifications per 100,000 population,…

CA Immo Plans to Sell Its Portfolio in Romania

January 2022 CA Immo, an Austrian real estate company, plans to sell its portfolio of buildings in Romania, comprised of 7 office projects in Bucharest. The total value of the portfolio is EUR 389 million, with a leasable area of 165,000 sqm. 

NNDKP Assists Tech Mahindra in the Acquisition of the Allyis Group

January 2022 NNDKP assisted Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services, in a multi-jurisdictional transaction, regarding the acquisition of the Allyis group. The total value of the transaction is estimated at USD 125 million. NNDKP provided assistance on the Romanian law aspects regarding the local entity and was involved in all stages of the project, including in the due diligence analysis and various other aspects relevant to the project, in the review and negotiation of the relevant documents from a Romanian law perspective,…

E-bike Plant In Plovdiv

January 2022 It was announced by the Bulgarian Ministry of Economy, that Austrian motorcycle producer Pierer Group and Bulgarian bicycle manufacturer Maxcom have signed an agreement to jointly invest over BGN 60 million (approximately EUR 30 million) in the construction of an e-bike plant in Bulgaria. The new plant for electric bicycles and other two-wheeled electric vehicles will be located on 131 decares in Trakia Economic Zone, Plovdiv, and will provide 1000 new jobs for Plovdiv and the region. Аt the end of 2021, it was announced that a procedure for selecting a builder of the plant was…

Javna Razsvetljava d.d. Possibly for Sale

January 2022 According to unofficial data, the Chinese financial fund CEE Equity Partners is preparing to sell Javna Razsvetljava d.d., the largest Slovenian company engaged in outdoor lighting and traffic signs. The subject of the sale is the business, but not the real estate, which is spread over more than two hectares in Ljubljana. CEE Equity Partners fund whose ultimate owner is the Chinese state-owned bank Exim Bank of China took over Javna Razsvetljava in early 2017 and controls it through the Cypriot company Frozaria Limited. In 2020, Javna Razsvetljava d.d. had EUR 14.18 million in…

SELIH & PARTNERJI Advised Allegro on its Acquisition of a Slovenian Online Retailer

December 2021 SELIH & PARTNERJI Law Firm have advised a Polish e-commerce group Allegro on Slovenian aspects of the acquisition of Mall Group and WeDo from the PPF Group, EC Investments, and Rockaway Capital. The acquisition was made for a total consideration of EUR 881 million. In Slovenia, the transaction concerned the Slovenian online retailer Mimovrste owned by the Czech Mall Group. Allegro's lead counsel was Clifford Chance, while White & Case advised the sellers. The SELIH & PARTNERJI team included partners Natasa Pipan Nahtigal and Spela Remec, senior associate Lidija Zupancic,…