On 18 June 2022, the Regulation on Criteria for Awarding Incentives to Employers who Employ New Residents in the Republic of Serbia, published in the Off. Gazette of RS no. 67/2022 (“the Regulation”), entered into force.
BDK Advokati has advised Hodler Asset Management on the acquisition of a 45% stake in Superior Foods. The N Law Office reportedly advised Milica Gacic on the sale.
NKO Partners has advised CTP on its acquisition of almost 33 hectares of land in Simanovci, near Belgrade, from EBP Development. The SOG Law Firm advised EBP Development.
Harrisons has advised the EBRD on a EUR 25 million loan to the MK Group.
The Fiscal Council of the Republic of Serbia published on 29 September 2022 the „Proposal of social and tax policy measures for reducing inequality and poverty risks in the Republic of Serbia“. One of the proposed measures of tax policy for reducing inequality is doubling the limit of non-taxable salary amount, from RSD 19,300 to RSD 40,000 and introduction of non-taxable census of RSD 20,000 per month, to be granted for each household member – dependent. In order to maintain the existing level of budgetary funds, should this proposed reform of individual income tax be adopted, i.e. in order to prevent decrease of budgetary funds due to the reform, it is necessary to increase the salary tax rate from 10% to 15% in parallel with increase of non-taxable census and introduction of non-taxable census for household members-dependents.
Former Schoenherr Of Counsel Olga Sipka has joined Kinstellar as a Special Counsel and new Head of the local Competition and Compliance practice in Belgrade.
NKO Partners has advised the Dr. Max Group on its acquisition of two pharmacy chains in Serbia: Pancevo-based AU Kod Suncanog Sata and Veliko Gradiste-based AU Selic. Reportedly, Subotic-Homen & Partners and solo practitioner Slobodan Miljkovic advised the sellers.
Boyanov & Co has advised BioIVT on its acquisition of Fidelis Research. Divjak Topic Bahtijarevic & Krka, BDK Advokati, Nestor Nestor Diculescu Kingston Petersen, and Kolcuoglu Demirkan Kocakli have advised BioIVT on Croatian, Serbian, Romanian, and Turkish law-related matters, respectively. Hristov & Partners advised Integrity Capital Investments on the sale. Penkov Markov & Partners advised the other sellers.