Harrisons has advised the EBRD on a EUR 10 million loan to OTP Leasing Serbia.

Ellex, working with Jankovic Popovic Mitic, has successfully represented the interests of Alita before the Court of Appeals of Lithuania.

Lakatos, Koves & Partners and BDK Advokati advised Indotek on its acquisition of 11 office buildings and five business parks in Belgrade from GTC for EUR 267.6 million. Dentons and Zavisin Semiz i Partneri advised GTC on the deal.

Boyanov & Co, working with BDK Advokati, has advised the Eurobank Group on the restructuring of the financing to two hotels. K. Argyridou and Associates reportedly advised Eurobank as well.

On January 1, 2022, certain provisions of Articles of the Rulebook on Electromagnetic Compatibility (Official Gazette of RS no. 25/2016 and 21/2020) ceased to apply, as well as of the Rulebook on Electrical Equipment Intended for Use within Certain Voltage Limits (Official Gazette of RS no. 25/2016 and 21/2020), which refer to the conformity certificate, i.e., its mandatory provision.

Harrisons has advised the EBRD on a EUR 5 million loan to the city of Belgrade for the implementation of energy efficiency measures in four public buildings.

Karanovic & Partners, working with Freshfields Bruckhaus Deringer in Brussels, has advised the Ardent Group on the Serbian aspects of its sale of Gaming1 to CVC Capital Partners Fund VIII. Allen & Overy advised CVC on its investment and related financing.

On 19 November 2021 the Parliament of the Republic of Serbia enacted amendments to the Company Law. The amendments are applicable as of 27 November 2021, except for certain clauses for which a deferred implementation is provided. This is the seventh time the Company Law undergoes changes since it was enacted ten years ago.

Karanovic & Partners has advised the Green for Growth Fund on extending its RSD 1.7 billion loan facility with UniCredit Bank Serbia.

Amendments to the Law on Patents (the “Law”) entered into force on December 23, 2021, upon publication in the Official Gazette of RS no. 123/2021 as of December 15, 2021. The amendments were initially enacted for alignment of the Law with the EU regulations on intellectual property, as well as for elimination of certain deficiencies observed in its application.

Head of BDK Advokati’s Payment Services practice Dragoljub Sretenovic has been promoted to Partner.

Pursuant to the Law on utilization of renewable energy sources (“Official gazette of the RS” no. 40/2021, “Law on RES”), Government of the Republic of Serbia has in November 2021 adopted two new regulations: i) the Regulation on Market Premium and Feed-In Tariff and ii) the Regulation on Market Premium Model Agreement.

The end of 2021 has marked adoption of the new Law on Capital Market (the “Law”) in Serbia, which was published on 28 December 2021. The Law was adopted in line with the recently enacted Strategy for Development of the Capital Market for the period 2021-2026 and within a wider process of accession of Serbia to the EU.

NKO Partners has advised CTP on its acquisition of 5 hectares of land in Kragujevac from Forma Ideale intended for the expansion of CTPark Kragujevac, a logistics park occupied by Yanfeng Automotive Interiors.

On December 17, 2021, amendments to the Customs Law published in the Official Gazette of RS no. 118/2021 as of December 9, 2021 (the “Law”) entered into force. Outlined below is an overview of the key novelties, that were notably enacted for alignment with the changes introduced in the EU customs regulations.

On November 3, 2021, CEE Legal Matters reported that Karanovic & Partners had advised ElevenEs on partnering with EIT InnoEnergy to build a lithium iron phosphate (LFP) battery factory in Subotica, Serbia. CEE In-House Matters spoke with Nemanja Mikac, CEO at ElevenEs, to learn more about the matter.

Zivkovic Samardzic has advised Serbian Bookers on its partnership with OTA Sync.

Ljubinka Pljevaljcic has been promoted to Partner at Doklestic, Repic & Gajin.