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BDK and Karanovic & Partners Advise on Financing for Waste-to-Energy PPP with City of Belgrade

BDK and Karanovic & Partners Advise on Financing for Waste-to-Energy PPP with City of Belgrade

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BDK Advokati and Clifford Chance advised the EBRD, IFC, and the Development Bank of Austria on financing for a waste management public-private partnership project in the Vinca district of Belgrade. The City of Belgrade was advised by Hogan Lovells and Karanovic & Partners, with Karanovic & Partners also advising the IFC on the matter.

The project, which has a total investment size estimated of approximately EUR 350 million, is supposed to resolve the environmental hazard caused by one of the largest dumpsites in Europe. The Vinca landfill currently covers an area of 70 hectares, and, in its current state, it is believed to be a dangerous health hazard. The project involves the development of a new landfill, remediation and closure of the existing one, and construction and operation of the incineration plant and development of ancillary infrastructure.

The BDK Advokati team was led by Senior Partner Dragoljub Cibulic and also involved Partner Milan Dakic, Senior Associate Dragoljub Sretenovic, and Associates Djordje Zejak and Igor Matic.

The Karanovic & Partners team included Senior Partner Darko Jovanovic and Senior Associate Mina Sreckovic.

Editor's Note: After this article was published, CEE Legal Matters learned that Baker McKenzie and Wolf Theiss advised the consortium of the French Suez Groupe and IEI, a member of the Itochu group, and their Serbian project vehicle Beo Cista Energija d.o.o., as the private partner in the PPP.

The Wolf Theiss team included Partner Miroslav Stojanovic and Senior Associates Milos Andjelkovic, Iskra Lazic, and Andjelka Todorovic.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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