"On One’s Own Land" – Key Steps Toward Secure Legalisation
December 2025
Zivkovic Samardzic Law Office
With the adoption of the Law on Special Conditions for Recording and Registration of Property Rights (popularly known as “On One’s Own Land”), the state has opened the possibility for owners of illegally constructed buildings to finally obtain legal ownership status and register their ownership rights through a significantly simplified procedure.
What “On One’s Own Land” means for property owners
Registration is possible even if the building was constructed illegally, including cases where no building permit or technical inspection…
KG Law Firm Advised Hinitsa Bay Holdings on CrediaBank & RRF Financing for Luxury Resort Redevelopment in Porto Heli
November 2025
Our member firm Kyriakides Georgopoulos Law Firm acted as Greek legal advisor to Hinitsa Bay Holdings in securing a financing from CrediaBank and Recovery and Resilience Fund in connection with the reconstruction, development and refurbishment of a luxury hotel resort in Porto Heli, Greece.
Hinitsa Bay Holdings has entered into hotel agreements for the operation of the Hotel with Four Seasons Hotels and Resorts bringing its signature of elegance and excellence to the Project, which was recently licensed as an Integrated Tourist Accommodation.
KG Law Firm facilitated the structuring,…
Selih & Partnerji Advised ZDR Investments on Its Acquisition of LOGspot Logatec
October 2025
Our member firm Selih & partnerji acted as local legal counsel, alongside lead advisor NIRRIS, to ZDR Investments on its acquisition of LOGspot Logatec, a logistics real property, from Atrios Group.
The Selilh team providing comprehensive legal support on the Slovenian aspects of the transaction included: Blaz Ogorevc, Partner, and Senior Associates Blaz Murko and Sara Ermenc Lapajne.
This transaction reflects the growing attractiveness of the Slovenian real-estate and logistics market for international investors.
Selih & partnerji Advised SES Spar European Shopping Centers on the Purchase of the ARKADIA Shopping Centre
June 2025
Our member firms Selih & partnerji advised SES Spar European Shopping Centers, a leading developer and operator of large-scale, multifunctional retail properties across Central and Southern Europe, on the conclusion of the purchase agreement for the ARKADIA shopping center in Domzale, Slovenia.
The members of the Selih team included Partners Blaz Ogorevc, Miha Stravs and Spela Arsova, and Senior Associates Domen Kavka and Blaz Murko.
NNDKP Assisted Gránit Asset Management in the EUR 52 Million Acquisition of Equilibrium 1 Office Building
April 2025
Our member firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted Grodiusz Private Equity Fund, an investment fund managed by the Hungarian company Gránit Asset Management, in the acquisition of Equilibrium 1 office building from Skanska Commercial Development, one of the largest developers of commercial and residential projects, in a EUR 52 million transaction.
Gránit Asset Management, a Hungarian institutional investor managing 24 investment funds, including the third largest retail fund in Hungary, integrates real estate, capital markets and private equity expertise into…
Council of State Ruling on Reclassification of Expropriated Properties for Public Utility to Buildable Areas
March 2025
Constantinos Kavadellas, Partner, Georgia Panagopoulou, Counsel, Myria Kotrotsiou, Junior Associate, and Katerina Renieri
Kyriakides Georgopoulos Law Firm
According to recent case law from the Council of State, a property can legally be reclassified as a buildable area after its designation as a public utility area is removed.
In Decision No. 276/2025, the Council of State ruled that lifting urban expropriation and reclassifying a property from an area designated for school construction to a buildable area is lawful.
The legal criteria supporting such a reclassification include:
The…
Significant Amendments to the Organised Industrial Zones Regulation
September 2024
Our Turkish member firm, Kolcuoğlu Demirkan Koçaklı, has recently issued a client alert titled "Significant Amendments to the Organised Industrial Zones Regulation".
To access the document, please use the following link.
NNDKP Assisted CTP in Acquiring Globalworth’s Fully Owned Logistics Portfolio
May 2024
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), in acquiring the logistics portfolio fully owned by Globalworth, the largest office investor in CEE, with leading positions in Romania and Poland.
The portfolio, comprised of 270,000 sqm GLA and 30ha landbank, includes six industrial parks and other complementary facilities in six key locations in Romania, including Bucharest, Arad, Pitesti, Oradea and Timisoara.
Following this acquisition CTP…
KG Advised CBE Capital on EUR 95 Million Financing for Six Senses Hotel in Porto Heli
April 2024
KG Law Firm’s Project Finance and Banking & Finance teams acted as Greek legal advisor to CBE Capital and the consortium of sponsors in securing a EUR 95 million senior bond loan facility from Piraeus Bank for the development of the Six Senses Hotel and branded residences in Porto Heli, Greece. The team at KG Law Firm facilitated the structuring, drafting and negotiation of transactional documents, as well as coordinated with lenders and provided comprehensive support throughout the implementation of the transaction. The EUR 150 million development, which is already being enlarged…
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…
BOYANOV & Co. Аdvised Rezolv Energy on the Acquisition of the Rights to Build and Operate a 229 MW Solar Plant
August 2023
BOYANOV & Co. advised Rezolv Energy on the acquisition of the rights to build and operate a 229 MW solar plant in Silistra Municipality, northeastern Bulgaria. Rezolv Energy is an independent renewable energy producer focused on Central and Southeastern Europe which was launched last year by Actis, a leading global investor in sustainable infrastructure.
Named ‘St. George,’ the project is set to become the largest solar plant in Bulgaria, with construction beginning later this year and completion expected in early 2025. The St. George plant will be constructed on the site…
BDK Advokati Advised Abu Dhabi Capital Group on the Sale of The Capital Plaza
April 2023
BDK Advokati’s team in Montenegro successfully advised Abu Dhabi Capital Group on the sale of the group of companies that own and operate The Capital Plaza, a premium business and residential complex in Podgorica, Montenegro. The companies were acquired by Big Group. The deal is the second-largest M&A deal in Montenegro in the past twelve months.
BDK’s core team that worked on this transaction included Senior Partner Luka Popovic, Senior Associate Jelena Brajkovic, and Junior Associate Marija Ksenija Popovic.
Picture-Copyright: Pixabay.com
