After attracting EUR 5.2 billion in foreign direct investment in 2024, Serbia continues to attract significant investment interest across energy, real estate, and manufacturing sectors in 2025. With this renewed inflow of capital and expansion of joint ventures, the nuances of shareholder relationships in limited liability companies are coming into sharper focus, especially for founders, joint venture partners, and minority investors. While the Companies Act offers a legal foundation in this climate, much of the real control and protection lies in what is known as the “shareholders’ agreement,” a private contract that defines how shareholders invest, cooperate, and exit.
The Debrief: July 2025
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
Kinstellar Advises Halyk Bank on USD 237 Million Cross-Border Fintech Deal with Click
Kinstellar has advised Halyk Bank on a USD 237 million partnership with Click. Dentons reportedly advised Click.
Ellex Advises Vok Bikes on USD 6 Million Series A Funding Round
Ellex has advised Vok Bikes on its USD 6 million series A funding round led by SQM Lithium Ventures. Sorainen, working with DLA Piper, reportedly advised SQM.
Rymarz Zdort Maruta Advises Spire Capital Partners on Exit from Thulium via Sale to SALESmanago
Rymarz Zdort Maruta has advised Spire Capital Partners on the sale of its controlling stake in Thulium to SALESmanago. Squire Patton Boggs reportedly advised SALESmango.
KG Advises Petsiavas on Acquisition of ABC Kinitrin’s Oral and Dental Care Business
Kyriakides Georgopoulos has advised Petsiavas on its acquisition of the oral and dental care business of ABC Kinitron.
Ellex Advises Orkla Eiendom on Acquisition of Artilerijas 55 and Miera 22 in Latvia
Ellex has advised Norway-based Orkla Eiendom and Latvia-based Orkla Latvija on Orkla Eiendom 's acquisition of Latvian real estate companies Artilerijas 55 and Miera 22 from Orkla Latvija.