Commercial Appellate Court Victory for Basketball Executive
Sunday, 24 February 2019
Živković Samardžić’s dispute resolution team secured Commercial Appellate Court victory for Vlade Divac, a professional basketball executive and retired player, currently serving as the vice president of basketball operations and general manager of the Sacramento Kings, in one of the series of cases instituted against Divac by Vojin Đorđević, Serbian businessman and former owner of a water bottling plant, where Mr. Đorđević claimed more than EUR 10 million compensation for the shares in the plant.
As reported here previously, Živković Samardžić’s dispute resolution team also acted for Vlade Divac in a shareholder dispute amongst the same parties, where the Court of Cassation decided finally in 2016 not to nullify or rescind certain share transfer agreements related to shares in an alcoholic beverages producer and a water bottling plant, thus leaving the plant in Divac’s ownership.
Latest decision of the Commercial Appellate Court is brought in a case where Đorđević claimed alleged unpaid balance over the full value of the water bottling plant shares. However, the court found that it was Mr. Đorđević who failed to conduct as agreed and stipulated by the Letter of intent in 2006, by failing to, inter alia, increase the capital of the company, as well as to transfer certain licenses and clear certain mortgages, thus deciding in favor of Mr. Divac.
The Živković Samardžić team representing Vlade Divac was led by Marko Trišić, Dispute Resolution Partner and Deputy Head of Živković Samardžić Dispute Resolution Practice.
- Published in Deals and Cases
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Živković Samardžić in the Finals for the CEE Legal Matters Deal of the Year Award
Wednesday, 06 February 2019
We are proud to announce that Živković Samardžić’s nominated deal, Belgrade Airport privatization, is one of three finalists for the 2018 CEE Deal of the Year Award for Serbia. These prestigious accolades are organised by CEE Legal Matters, a renowned print and online publication for and about lawyers in Europe’s emerging legal markets.
The Živković Samardžić team that advised Belgrade Airport on this deal was led by Branislav Živković and Igor Živkovski, Partners and Sava Pavlović, Senior Associate.
These shortlists were chosen by panels of experts on the ground in each of 17 CEE jurisdictions from over 200 submissions made by law firms all over Europe. The shortlisted deals are forwarded to the Final Selection Committee, which consists of CEE Legal Matters Knowledge Partners and attendees to the annual End of Year Expert Summit, who independently rank the final nominees, identifying the ultimate winner in each market.
The winners will be announced at the CEE Deal of the Year Awards Banquet on March 28, 2019 in Budapest. On that day senior legal practitioners from across Europe will gather in hopes of winning the prestigious CEE Deal of the Year Award and to participate in the biggest and the most important annual celebration of top level lawyering in Central and Eastern Europe.
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Igor Živkovski, President of FIC Legal Committee and Živković Samardžić Partner received “Committee of the Year Award”
Friday, 21 December 2018
On December 21st, 2018, President of FIC Legal Committee and Živković Samardžić Partner, Igor Živkovski received “Committee of the Year Award” on Foreign Investors Council regular annual session of the Assembly. In order to fully recognize the key role of its working committees, FIC established “Committee of the Year Award”, which was awarded to the FIC Legal Committee, as the most active committee in 2018. The winner was announced by FIC President, Yana Mikhailova.
The Foreign Investors Council held today the regular annual session of the Assembly, summarizing the key achievements and making solid basis for the future growth. Members also adopted Annual and Financial Report for 2018. For the first time this year, the “Committee of the Year Award” was introduced.
Igor Živkovski, Živković Samardžić Corporate and M&A Partner said: “The Committee of the Year Award have been presented for the first time this year and I feel a deep sense of pride at the achievements of our FIC Legal Committee team. This is an achievement which demonstrates our strength and confirms our expertise. Seems we succeeded!”.
Warm congratulations to Igor Živkovski and his colleagues, also congratulations to other 10 committees, aiming to advocate for improvement of the overall legal framework by closely monitoring the work of Serbian authorities and generating proposals for its improvement. Legal Committee has developed a practice of organizing roundtables in order to present to the authorities FIC positions on specific draft laws or on the issues regarding implementation of the existing regulation. For more information on FIC Legal Committee activities and the full list of its members, please follow this link.
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Živković Samardžić Advises on Delisting of TCH Group Member from the Belgrade Stock Exchange
Tuesday, 18 December 2018
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised Livnica a.d. Kikinda (Livnica Kikinda), the Serbian subsidiary of Cimos and member of TCH Group, on its delisting from the Belgrade Stock Exchange.
As a result of the complex and long-lasting process that was successfully conducted, the Securities Commission has issued a resolution approving the conversion of Livnica Kikinda into a private joint stock company. Consequently, shares of Livnica Kikinda were delisted from the Belgrade Stock Exchange, so Livnica Kikinda is continuing to operate as a non-public joint stock company. Currently, Cimos holds 93% of shares in Livnica Kikinda, while the remaining shares belong to the almost 3,000 minority shareholders.
Cimos is a highly acclaimed automotive supplier founded in 1972. It operates as a Tier 1 and/or Tier 2 supplier to main automotive manufacturers. Cimos consists of two divisions – Turbo and Powertrain and currently produces in 10 plants located in Slovenia, Croatia, Bosnia and Herzegovina and Serbia. Its main technologies employed are forging, casting, machining and assembly. Cimos was acquired by Palladio Holding in 2017 and become part of TCH Group.
Živković Samardžić team that has advised Livnica Kikinda on delisting from the Belgrade Stock Exchange consisted of Igor Živkovski, Corporate and M&A Partner and Sava Pavlović, Corporate and M&A Senior Associate.
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Živković Samardžić Advises Antenna Group on Sale of Its Media Operations in Serbia and Montenegro to Kopernikus Corporation
Monday, 17 December 2018
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised Antenna Group, which owns Prva TV, O2 TV, Prva TV Montenegro, Play Radio, six cable channels and Prva.rs, o2tv.rs and b92.net web portals, on sale of media operations in Serbia and Montenegro to Kopernikus Corporation for EUR 180 million. The change of the ownership rights is now before the regulatory authorities of Serbia and Montenegro.
At the end of 2009, the Antenna Group took over Fox television in Serbia and in September 2010 changed its name to Prva Srpska Televizija. At the time of the purchase of Fox television in Serbia in 2009, the station had only four percent of the market share, and today, eight years after investments and continuous expansion of the business, the company has 45 percent of the market share.
The Antenna Group, which was founded in 1988, is an international media group with a portfolio of various media operations in over 20 countries in Europe, North America and Australia.
Kopernikus, which was established in 1998, provides cable television and broadband services through cable and optical internet facilities.
Živković Samardžić team that has advised Antenna Group on sale of its media operations in Serbia and Montenegro to Kopernikus Corporation consisted of Nebojša Samardžić, Branislav Živković and Igor Živkovski, Partners and Sava Pavlović, Senior Associate.
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National Philanthropy Conference: The Future of Giving
Tuesday, 20 November 2018
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Photo credit: Trag fondacija/Dunja Dopsaj
With the idea of participating in the joint initiation of the dialogue on improving the legal and fiscal framework of giving for the common good, philanthropic trends identified in the conducted research projects, as well as on the subject of current philanthropic practices, our colleague Kruna Savović, Head of the Sector for court representation in media-related disputes of the Law Office Živković Samardžić, participated today at the National Philanthropy Conference: The Future of Giving, within the panel Investments as a legitimate philanthropic practice. (more…)
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Živković Samardžić advises Pivka on debt-to-equity swap and minority shareholder buyout
Wednesday, 17 October 2018
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised Pivka perutninarstvo d.d. (Pivka), Slovenian-based joint stock company, on direct conversion of debt owed to Pivka by its Serbian subsidiary, limited liability company Pivka-S, into equity of Pivka-S, as well as on buyout of shares owned by minority shareholder and director of Pivka-S, Mr. Milutin Nikić. On the completion of the transaction, Pivka has become sole shareholder of Pivka-S, while Mr. Nikić remained sole director of Pivka-S.
Share capital of Pivka-S was increased through the debt-to-equity conversion of shareholder loan lent to Pivka-S by Pivka. As the shareholders’ equity ratio was not changed through this conversion, Share Purchase Agreement has been concluded, based on which Mr. Nikić transferred his entire share in Pivka-S to Pivka, while he will continue to run Pivka-S.
With sixty-year tradition, Pivka is one of the regional pioneers in the area of organisation of chicken meat production on the modern technological bases. It gathers some of the most well-known brands in the meat and fish industry, such as Njami, Delamaris and Pivka.
Živković Samardžić team that has advised Pivka on debt-to-equity swap and buyout of minority shareholder in its Serbian subsidiary was led by Igor Živkovski, Corporate and M&A Partner and Sava Pavlović, Corporate and M&A Senior Associate.
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Živković Samardžić ranked across diverse set of practice areas; retains top tier in Dispute resolution
Thursday, 19 April 2018
The Legal 500 Europe, Middle East and Africa (EMEA), has published its 2018 edition covering 85 countries and over 2,700 ranked law firms. (more…)
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Commercial Appellate Court Victory in a Shareholder Dispute for Živković Samardžić Client
Wednesday, 31 January 2018
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has secured an important victory for its client TITAN, an international cement and building materials producing group with operations in 14 countries, headquartered in Athens, Greece, in a dispute with former minority shareholders of Group’s Serbian subsidiary Cementara Kosjerić. (more…)
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Živković Samardžić advising Japanese SRA Group on setting up its presence in Serbia
Thursday, 18 January 2018
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised the SRA Group, comprising 14 operating companies and including SRA Holdings, Inc., a holding company listed on the First Section of the Tokyo Stock Exchange, on setting up its presence in Serbia.
The SRA Group, whose business scope encompasses systems development, system operations and infrastructure development, and product sales businesses in Japan and internationally, delivers services that directly enhance international competitiveness for clients aspiring to expand globally and provides outstanding, cutting edge product solutions and services from both Japan and overseas, starting with SRA’a own proprietary IP products. You can find more on business areas that SRA Group covers here, and information on the group companies here.
The Živković Samardžić team advising SRA Group was led by Igor Živkovski, Corporate and M&A Partner.
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