Bojović & Partners shortlisted for CEE Legal Matters 2018 Deal Of The Year Award

B&P’s deal ‘National Bank of Greece Sale of Vojvodjanska Banka to OTP’ has been nominated for the Deal Of The Year Award for Serbia. There are three nominees for each of the 17 countries for which the award will be granted. The deal was proudly announced by CEE Legal Matters, together with ‘EBRD Financing of Vetroelektrane – Cibuk Windfarm’ and ‘Project Financing for the Kovacica Wind Power Plant’.

The selected nominees will be passed along to Final Selection Committee, consisting of 16 prominent legal practitioners from across CEE tasked with carefully evaluating all nominations and casting ballots for the ultimate award-winners. The winners will be announced 6 June 2018 at the CEE Legal Matters Awards Banquet in Prague.

Bojović & Partners has advised National Bank of Greece, as Serbian counsel, on its sale of Vojvođanska Banka a.d., NBG Leasing d.o.o., and a portfolio of Serbian-risk corporate loans, which were sold to OTP Banka Srbija A.D. Novi Sad. OTP Bank bought 100% of ownership in Vojvođanska Banka and NBG Leasing on 4 August 2017. The agreed consideration for the share capital of Vojvođanska Banka and NBG Leasing amounted to EUR 125 million.

Vuk Drašković at the Kopaonik Business Forum 2018

Partner Vuk Drašković attended the 25th jubilee Kopaonik business forum. The mission of this year’s forum under the title “Beyond Expansionary Austerity” was to provide evidence and theory-based answers to accelerate growth, this being the main economic challenge after the fiscal consolidation. The intention was to discuss all relevant details about the drivers of growth both from macro and micro (or business) perspective, particularly regarding their interconnections.

The 25th jubilee Kopaonik business forum has so far gathered the largest number of participants, more than 1,200 for the first time during four days were able to attend 22 panels, three plenary sessions, six special events and three special speeches. The forum worked in total for about 40 hours.

The conclusions from this year’s forum will be published in the document Kopaonik Consensus, which will be sent to the wider and professional public, as well as to the Government of Serbia and the National Bank of Serbia, the creators of economic policy.

The latest Newsletter: New law on prevention of money laundering and financing of terrorism

The main reasons for adoption of this new piece of legislation which will start to apply from 1 April 2018 are improvement of the existing system and harmonization with the international standards in this area. Below are some of the most significant novelties:

  • Obligation of risk assessment
  • Streamlined procedure for identifying and verifying identity
  • Notification obligation
  • Trust
  • Stricter penalties
  • Harmonization

To read this Newsletter please go here