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AP Legal and CMS Advise Lenders on Victoria Group Loan Receivable Sale

AP Legal and CMS Advise Lenders on Victoria Group Loan Receivable Sale

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AP Legal Belgrade and CMS Bucharest have advised the lenders of Victoria Group a.d. Beograd and its subsidiaries on the sale of its loan receivables to MK Group d.o.o. Belgrade. Jankovic, Popovic, Mitic advised the Victoria Group.

The lenders included UniCredit Bank Serbia a.d. Belgrade, Societe Generale Bank Serbia a.d. Belgrade, Komercijalna banka a.d. Belgrade, Credit Agricole Serbia a.d. Novi Sad, Eurobank a.d. Belgrade, Banca Intesa a.d. Belgrade, Erste Group Bank AG, IFC, and EBRD. The transaction value was not disclosed.

Accoridng to AP Legal, the entire restructuring process commenced in 2014 and ended in July 2018 when financial close of the sale of receivables to MK Group Belgrade took place.

The AP Legal team consisted of Counsels Aleksandar Preradovic and Aleksandra Jovic and Senior Associate Dusan Preradovic.

The CMS Romania team included Partner Simon Dayes, Associate Andreea Turcu, and Trainee Ellis Schindler.

Editor's Note: After this article was published, JPM informed CEE Legal Matters that its team consisted of Senior Partner Nenad Popovic and Senior Associates Irena Ikonic, Bojana Javoric and Jelena Milinovic.

JPM Partners at a Glance

We are a full service commercial law firm in Serbia, with over 30 years of successful practice in SEE region and true and lasting partnerships with our clients.

Our diverse teams of lawyers are focused on practice in specific legal areas, handling some of the most high-profile multijurisdictional matters in energy, project development, mining, foreign investments, corporate and commercial. We are highly sought-after for legal advice in creative industries, environmental law and white-collar crime, as well as intellectual property, international arbitration, labor and data protection

As an exclusive member of Lex Mundi – the world’s premiere network of leading independent law firms, we interconnect and reach globally. Regionally, we advise clients in Montenegro directly, through well established partnership with ‘JPM Montenegro Partner Vukmirovic Misic law firm’ and close working relationships with selected first-rate firms in the region. Working together with our domestic and international clients on their most significant transactions and around entry to Serbian market, allows us to operate as the perfect hub for SEE and other cross-border transactions.

Our clients operate in increasingly competitive landscape and we are identifying new methods of using legal technology, to help them increase efficiency, save time and streamline work processes - document management, billing and accounting. By adopting LUMINANCE AI platform for legal professionals, we use machine-learning for contract analyses across our practice groups, as well as eDiscovery revolutionary software to simplify operations in all forms of litigation.

With exclusive access to EQUISPHERE – Lex Mundi Innovative service model, our clients can design their own legal team by choosing the best lawyers in the relevant jurisdictions, sharing documentation and communicating with all teams at any time, from a single point of contact.

Consistently recognized as a top-tier law firm, both by clients and leading independent legal directories Chambers & Partners, Legal 500 and IFLR1000, we remain committed to delivering highest quality service to our clients and help them succeed in overcoming cross-border challenges. We remain committed to continuously share our knowledge by regularly publishing articles, giving lectures and organizing international conferences.

Firm's website: http://jpm.rs/