Wolf Theiss has advised Addiko Bank on navigating the takeover bids submitted by Agri Europe Cyprus Limited and Nova Ljubljanska Banka. Cerha Hempel advised Agri Europe. Schoenherr advised NLB.

The Slovenian real estate market is characterized by an excess of demand over supply, especially in the residential real estate sector, which has pushed property prices sky-high. Low interest rates on financing in recent years have led to a number of easy-profit-seeking (half-professional) investors – usually project companies building so-called “above-standard” construction.

ODI Law has advised German Katera Beteiligungs-Verwaltungsgesellschaft P11 mbH on its acquisition of an 87,58% shareholding in Nama from Zavarovalnica Triglav and Generali. Senica & Partners advised Zavarovalnica Triglav on the deal.

On the evening of April 25, 2024, the Deal of the Year Awards Banquet brought together, under the same roof, top-tier lawyers from Central and Eastern Europe's leading law firms in the region in Warsaw.

Kinstellar has advised the Hungarian Power Exchange and the Hungarian transmission system operator on the Project Bluesky transaction which saw HUPX join the regional Adex power exchange. Lukman Odvetniska Druzba reportedly advised Adex's Slovenian shareholder, ELES. Isailovic & Partners reportedly advised EMS, the Serbian shareholder of Adex.

Contributed by Kavcic, Bracun & Partners.

On 22 February 2024, the government adopted a proposal for a new Act on Judicial Protection Procedure for Former Holders of Qualified Liabilities of Banks ("ZPSVIKOB-1 Proposal"),the purpose of which is to eliminate the identified unconstitutionality of the previous Act ("ZPSVIKOB") and to finally appropriately regulate the procedure under which former holders could claim compensation for the controversial decisions of the Bank of Slovenia on the cancellation of their qualified liabilities in 2013.

Jadek & Pensa Senior Partner and Head of the Transaction Unit Ozbej Merc talks about the evolution of the banking sector and their role as legal advisors in Slovenia over the last 10 years.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Slovenia and Croatia adopted the Minimum Tax Act (MTA). The MTA implements Directive (EU) 2022/2523 to ensure a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the EU. The latter is a consequence of the OECD’s global fight against tax base erosion within the scope of Pillar II.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. As we bid farewell to 2023, this time around we turn our attention forward: What is your one main wish for 2024 and what do you see as the biggest potential risk?

On November 1, 2023, the amendment to the Slovenian Insolvency Act (ZFPPIPP-H) entered into force and introduced a series of significant changes that should not be overlooked.

Former ODI Law Partner and Head of Transactions Suzana Boncina Jamsek has launched BJK Law, a specialist boutique law firm in Ljubljana.

Cerha Hempel has announced it is expanding into Slovenia through a new cooperation with Ulcar & Partnerji as of March 1, 2024.

Harrisons, Maric & Co, Lambadarios, and Wolf Theiss, working with Linklaters, have advised a banking consortium led by UniCredit Bank London on the United Group's EUR 1.7 billion issuance of four tranches of senior secured and PIK notes as well as on the increase and extension of its EUR 410 million revolving credit facility. Selih & Partnerji, working with Paul Weiss, advised the United Group. Schoenherr, Koutalidis, De Brauw Blackstone Westbroek, and Elvinger Hoss Prussen reportedly advised the United Group as well.

Partners Jan Sibincic, Matic Novak, and Nina Cuden have recently announced the launch of their new firm: Sibincic Novak & Partners has opened its doors in Ljubljana.

Did you know that, using the Activity Rankings function of the CEELMDirect website, you can look up the 2023 deal leaderboards in each CEE market, including Bosnia and Herzegovina, Moldova, Montenegro, North Macedonia, and Slovenia?

In a recent update to the VAT Act in Slovenia, notable amendments have been introduced, particularly focusing on services in the public interest. Article 42(1)(5) of the VAT Act has changed, emphasizing VAT exemptions exclusively for services provided within activities deemed in the public interest.