NKO Partners has advised the Dr. Max Group on its acquisition of Serbian pharmacy chain Zlatni Lav. Bojovic Draskovic Popovic & Partners advised the seller.

Contributed by BDK Advokati.

Even though changes could be in the pipeline for Serbia given the upcoming April 2022 presidential and parliamentary elections, the central Balkan country is in a state of stability and steady advancement, according to Radovanovic Stojanovic & Partners Partner Sasa Stojanovic.

NKO Partners has advised CTP on the acquisition of land from the City of Novi Sad.

Karanovic & Partners has appointed Bojana Miljanovic Hussey as Partner.

CMS has advised UK-based Hystead Limited on its sale of the Delta City shopping mall in Belgrade, Serbia, to MPC Properties for EUR 115 million. Samardzic, Oreski, & Grbovic advised MPC Properties on the deal. 

Serbian law firm Matkovic & Partners has announced it opened an office in Freetown, Sierra Leone.

On 19 November 2021 the Parliament of the Republic of Serbia enacted yet another amendment to the Company Law. This is the seventh change of this piece of legislation in its 10 year long legal life. We focus here on the two which may have far-reaching consequences to the landscape of limited liability companies (LLC) in Serbia.

Harrisons has advised the EBRD on an EUR 8 million loan to the city of Novi Sad for the purchase of up to ten electric buses and the accompanying charging infrastructure.

On September 24, 2021, CEE Legal Matters reported that Karanovic & Partners had announced it entered into an agreement with Gypsy Roma Urban Balkan Beats to provide ongoing pro bono legal support on contracts, scholarships, and copyright matters. CEE In-House Matters spoke with Caroline Roboh, Founder and CEO of Gypsy Roma Urban Balkan Beats (GRUBB), to learn more about the matter.

On 17 November 2021, the National Assembly of the Republic of Serbia adopted the amendments to the Companies Act (“Official Gazette of the RS”, No. 109/2021) (the „Act“) which entered into force on 27 November 2021.

The deadline for preparation of general acts and their obligatory submission to the competent Archive is approaching - December 31, 2021.

Harrisons has advised the EBRD on a RSD 2.3 billion loan to OTP Bank Serbia Novi Sad.

On November 16, 2021, the Law on Amendments to the Law on Procedure of Registration in the Business Registers Agency (Official Gazette of RS no. 105/2021) (the “Law”) has entered into force, while the application of certain provisions has been postponed for the prescribed period.

Former Air Serbia General Counsel Branko Gabric has joined BDK Advokati as Counsel and Head of the Compliance; Investigation Practice.

On 28 October 2021, Energy Agency of the Republic of Serbia (“AERS”) adopted Rules on prevention of abuse in electric energy and natural gas market (“Rules”), that were published in the Official gazette of the Republic of Serbia 103/2021. The Rules are drafted in line with the Decision of Ministerial Council of the Energy Community no. D/2018/10/Mc-EnC, implementing Regulation (EU) No 122712011 of the European Parliament and of the Council on wholesale energy market integrity and transparency.

Bojovic Draskovic Popovic & Partners has advised Titan European Holdings on the sale of 100% of its shares in Titan Machinery d.o.o. Novi Sad to Agromarket d.o.o. Kragujevac. 

Serbia has a long-standing tradition in the protection of intellectual property rights. The Kingdom of Serbia was even one of the first 11 signatories of the Paris Convention in 1883.