Certain Considerations on Delegation of Director’s Powers in a Limited Liability Company
April 2024
While rendering day-to-day corporate advice to various clients, we have noticed lately a trend specific to limited liability companies, which involves allowing the directors of the respective companies to delegate all their powers to another individual for certain operations, either via the Articles of Incorporation or by resolution of shareholders.
The matter itself should not raise specific concerns, as this right is already provided by the Companies Law 31/1990 (i.e., the possibility for the director to delegate his powers). However, the way such delegation of powers is actually…
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…
Romania – a Strong Option for Investors
March 2024
With key offerings including a significant market (the second largest in CEE), EU-shaped legislation, NATO membership, and a well-educated workforce in a hospitable resource-rich, and geographically privileged location at the crossroads between Europe and Asia, Romania is a growing economy.
To give investors a quick understanding of the local legislation impacting doing business in Romania, NNDKP lawyers and consultants prepared a digest covering legal and tax implications to be considered when entering or enhancing an already existing presence on the domestic market.
“Investing…
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…
DTB advised major Turkish conglomerate Dogus on a EUR 31,2 m club credit facility
February 2024
DTB advised the borrower Zadar Resort d.o.o. and sponsor Dogus Croatia in a transaction where Zadar Resort borrowed EUR 31,2 m from Privredna bank Zagreb d.d. and Croatian bank for reconstruction and development as Mandated Lead Arrangers. The facility will be used for the development of a 5-star luxury hotel in Zadar, which will be under the management of the leading hotel operator Hyatt.
Dogus is one of the largest Turkish conglomerates with a long-standing operation in Croatia in the tourism and leisure industry. The development of the luxury hotel in Zadar is one of the largest…
Overview of the Turkish Competition Authority's Merger Control Enforcement in 2023
January 2024
The Turkish Competition Authority published its annual Mergers and Acquisitions Overview Report on 5 January 2024. The Report presents data related to mergers and acquisitions examined by the Competition Board during 2023 and helps to observe the trends in TCA’s merger control enforcement.
For the full article, please use the following link.
DTB Assisted with Sale of Hotel Bonavia
January 2024
Our member firm Divjak Topic Bahtijarevic & Krka acted as legal counsel for the seller, Plava laguna d.d., in relation to the sale of the stunning four-star Hotel Bonavia, located in the heart of Rijeka, to Bonavia Rijeka d.o.o. Plava laguna d.d. manages an extensive portfolio of tourist facilities in Croatia, including hotels, resorts and camps.
DTB’s team, led by the Managing Partner Emir Bahtijarevic, was comprised of attorneys Sanja Novoselic and Barbara Simic. The team provided legal advice and support to the client in due diligence, negotiations, structuring of the…
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…
BOYANOV & Co. Advised Aurelius Group on the Acquisition of Lufthansa’s Catering Operations in Bulgaria
November 2023
BOYANOV & Co. advised Aurelius Group on the Bulgarian legal aspects in the acquisition of the Bulgarian part of the Lufthansa Group catering business. The Star Alliance carrier initially sold LSG Group’s European business activities to Gategroup in 2019 and then struck a preliminary agreement to sell the remainder of LSG to Aurelius in April this year.
The sale, formally completed on 31 October, comprises all the group’s classic catering activities along with its on-board retail and food commerce businesses. It includes a total of around 19,000 employees worldwide and…
DTB Advised on the Sale and Purchase of Shares in Croatian Company RABO d.o.o.
October 2023
Divjak Topic Bahtijarevic & Krka acted as a leading legal counsel for the buyer, a Hungarian company Apple Heaven Kft, in relation to the sale and purchase of shares in the company RABO d.o.o., one of the largest producers and exporters of apples and nectarines in Croatia.
DTB's team comprising Managing Partner Emir Bahtijarevic and attorneys Jasna Belcic, Zrinka Mustafa Prelic, Sanja Novoselic, Dominik Glavina, Iva Vukoja, Barbara Simic, and trainee Anella Bukovic provided legal advice and support to the client in due diligence, negotiations, structuring of the…
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…
