Foreigners acquiring ownership of agricultural land in the Republic of Serbia.
JPM has advised Gauselmann Group on the acquisition by subsidiary Merkur Casino Austria of 51% shares in Beo Impera and Pionir Internacional, which each own 50% shares in Balkan Bet and Merkur Games. The Baklaja Igric Tintor firm advised the sellers.
Based on Memorandum of Understanding signed by Serbia's Ministry of Education, Science and Technology, Serbia's Chamber of Commerce & Industry, Austria's Federal Foreign Ministry, Austria's Federal Economic Chamber, JPM has provided support to a project dedicated to develop the dual education system in Serbia.
JPM has advised the sellers of I.KOM, one of the largest cable TV, broadband Internet, and telephone industry providers in Serbia, on its takeover by SBB. The identities of the sellers — three SPVs ultimately owned by three private individuals — was not disclosed. Moravcevic Vojnovic and Partners in cooperation with Schoenherr advised SBB on the takeover.
JPM Jankovic Popovic Mitic has appointed Partner Nikola Poznanovic as the firm’s new Head of Competition.
JPM Jankovic Popovic Mitic has announced the departure of Partner Milica Subotic, effective as of March 31, 2017.
Karanovic & Nikolic has successfully obtained conditional Serbian Competition Commission clearance for SBB's takeover of IKOM.
In late December 2016, the Government of Serbia passed the new Decree on Terms and Conditions for Attracting Direct Investments. The Decree supplements the Law on Investments (2015), regulating in finer detail criteria, conditions and means of attracting direct investments, in particular granting of State incentive funds for investment projects.
BDK Advokati has advised Iron Mountain, the NYSE-listed storage and information management company, on its acquisition of Data Outsourcing Centre d.o.o., a prominent Serbian archive management, imaging services, and data storage company, from sellers Sinisa Tutus and Milan Mojic. JPM Jankovic Popovic Mitic advised the sellers on the deal.
On September 24 the Belgrade Bar adopted a new bylaw, controversial both in its effect and in the manner by which it was adopted, limiting the voting and participation rights of lawyers at major commercial law firms in favor of criminal lawyers and solo practitioners. Leading commercial lawyers in Belgrade are, unsurprisingly, not happy.
All economic indicators in the Republic of Serbia have directly depended on foreign direct investments which has been clearly visible in the past fifteen years. At the time of the initial opening of the Serbian market, in the early 2000s, the investors' goal was to secure a good starting position in the market.