Živković Samardžić secures injunction for Prva against Pink International Company
After an application brought by Živković Samardžić on behalf of Serbian commercial television network with national coverage Prva, the Commercial Court in Belgrade has granted an interim injunction against Pink International Company, a parent company of Pink TV network in Serbia and member of the regional Pink Media Group.
The injunction restrains the broadcast of any television program under the name EXKLUZIV or any other name containing the word “exclusive” and distinctive elements of Prva’s registered trademark, whatever transliteration and/or regardless of typography used.
Prva applied for the injunction after Pink announced the broadcast of the program on the same topic (celebrity news and interviews), under almost the identical name and with logo strikingly resembling the logo of the program that was produced by Prva and aired on its channel for several seasons. Prva had the name and the logo of its program protected by the trademark more than six years ago.
The Živković Samardžić team securing the injunction for Prva was led by Kruna Savović, senior associate and Miloš Stojković, associate.
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Important Victory for the Slovenian Energy Company in the Montenegrin Court of Appeal
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has secured an important victory for its clients, Petrol d.d. Ljubljana and Petrol Crna Gora MNE d.o.o, the leading Slovenian energy company and its Montenegrin subsidiary, in their dispute with Konim d.o.o. Belgrade in the Montenegrin Court of Appeal.
The dispute concerned certain consultancy services provided by Konim d.o.o. Belgrade with regards to Petrol’s successful bid at the 2007 international tender for setting up a 50/50 joint venture company with Montenegro Bonus, a Montenegrin state-owned firm that was operating the oil and gas depots in the country. Konim d.o.o. Belgrade contended that it was entitled to receive a success fee in the amount of 1.46 million euros, pro rata to the amount of the investment as anticipated in the agreement to set up a joint venture company. However, the 2007 agreement entered into between Montenegro Bonus and Petrol was terminated in 2011, up to which point only some 10 million out of the anticipated 154.55 million euros were invested.
In its decision delivered to the parties recently, the Court of Appeal of Montenegro has finally confirmed the July 2016 decision of the Montenegrin Commercial Court that has rejected the plaintiff’s success fee claim. In delivering the judgment, the Court of Appeal of Montenegro held that Konim d.o.o. Belgrade was not entitled to a success fee solely on the fact that Petrol has entered into the joint venture agreement, but rather under the condition that the actual investment has taken place which, besides some 10 million euros, has never actually happened.
The Živković Samardžić team successfully representing Petrol and its Montenegrin subsidiary was led by Miloš V. Milošević, Dispute Resolution Partner and Marko Trišić, Dispute Resolution Senior Associate.
“For Živković Samardžić, it was important to prove our regional footprint, our capacity to support the client, an important player on the energy field of South Eastern Europe in this particular case, beyond Serbia as our base,” said Partner Miloš V. Milošević.
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Živković Samardžić advised Nestlé on Froneri ice cream joint venture with R&R
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised Nestlé, the world’s leading nutrition, health and wellness company, as a local counsel for Adriatic region, on its 50/50 joint venture with R&R Ice Cream, a leading ice cream company based in the UK.
Following the successful conclusion of the required regulatory clearances, Nestlé and R&R have completed the transaction to create Froneri, a new joint venture in ice cream, frozen food and chilled dairy. Nestlé and private equity firm PAI Partners, R&R’s owner, have equal equity interests in the joint venture. With sales of around 2.6 billion Euro, Froneri will operate in 22 countries across the world, employing around 15,000 people. As announced in April, the company will be headquartered in the UK and will have sites primarily in Europe, the Middle East, (excluding Israel), Argentina, Australia, Brazil, the Philippines and South Africa.
Globally, Nestlé was advised by Linklaters. The Živković Samardžić team successfully advising Nestlé on the Adriatic region aspects of transaction was led by Ksenija Golubović Filipović, partner and Igor Živkovski, senior associate.
“I would like to thank Verica Božić Aljinović, Head of Legal Affairs for Nestlé Adriatic Region and everyone at Adriatic Market legal team,” said Branislav Živković, Živković Samardžić managing partner. “Cooperating with both Nestlé Adriatic and the Linklaters teams on this transaction was a remarkable experience.”
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Competition clearances secured for Petrol d.d. Ljubljana in Serbia, Montenegro and Macedonia
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has obtained its client, Petrol d.d. Ljubljana, the leading Slovenian energy company and an important player on the energy field of South Eastern Europe, competition clearances in Serbia, Montenegro and Macedonia, with respect to Petrol’s acquisition of control over the Slovenian natural gas trader Geoplin. (more…)
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Another Supreme Court of Cassation Victory in a Multimillion Shareholder Dispute
Živković Samardžić’s dispute resolution team secured Supreme Court of Cassation victory for Vlade Divac, former professional basketball player and incumbent President of the Serbian Olympic Committee, in proceedings related to certain share transfers in an alcoholic beverages producer and a water bottling plant.
Vlade Divac was a defendant in a multimillion litigation initiated by Vojin Djordjević, Serbian businessman, who requested certain share transfer agreements related to shares in an alcoholic beverages producer and a water bottling plant, he entered into with Mr. Divac, to be nullified or rescinded, since having led to a different outcome than the one envisaged originally in a Letter of Intent signed between the parties in November 2006.
After the Commercial Court in Belgrade decided in favor of Mr. Divac in 2013, as well as the Commercial Appellate Court in the appellate proceedings in 2014, the Supreme Court of Cassation has found that despite the fact that the ownership structure in two companies was indeed different than the one envisaged originally in the Letter of Intent, it happened due to the plaintiff’s failure to act in accordance with his contractual obligations rather than an error or deception. Thus, the Supreme Court of Cassation has finally confirmed the decisions of lower-instance courts
Furthermore, the Supreme Court of Cassation confirmed the legal standpoint of the Serbian jurisprudence that share transfer agreements after they have produced effects by registration of the transfer in the Company Register, cannot be subject to annulment or rescission on the grounds provided in the Law on Contracts and Torts, but rather the proceedings for the nullification of the incorporation of the company, as provided in the Companies Act, should be initiated.
Živković Samardžić team successfully representing Mr. Divac was led by Miloš V. Milošević, Dispute Resolution Partner and Marko Trišić, Dispute Resolution Senior Associate.
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Živković Samardžić achieves Supreme Court of Cassation victory for Vojvodjanska banka a.d.
Živković Samardžić’s dispute resolution team has recently achieved a major victory at the Supreme Court of Cassation. The firm has represented Vojvodjanska banka a.d. Novi Sad, member of the National Bank of Greece Group in civil proceedings related to a bank guarantee issued by legal predecessor of Vojvodjanska banka a.d. to Moscow Investment bank as a collateral for USD 3 million loan granted to petrochemical plant HIP Pančevo.
Vojvodjanska banka a.d. Novi Sad was a defendant in a litigation initiated by PFHC Establishment, a company from Liechtenstein to whom receivables related to USD 3 million loan originally granted by Moscow Investment bank to the Serbian petrochemical plant HIP Pančevo, were assigned. Once the original loan was granted, legal predecessor of Vojvodjanska banka a.d. issued a bank guarantee as a collateral.
In lengthy proceedings, it was established that Moscow Investment bank returned the original of the guarantee with an explanation that the transaction was completed, but later on had sent a swift message demanding the guarantee back and claiming that it was returned by mistake of an employee.
The Commercial court in Pančevo initially rejected all PFHC Establishment claims in 2010. However, that decision was quashed and a retrial ordered by the Commercial Appellate Court upon plaintiff’s appeal in 2013. Živković Samardžić were retained to represent Vojvodjanska banka a.d. since the commencement of the retrial. The first instance judgement in the retrial was once again in favor of Vojvodjanska banka a.d., but this time it was confirmed by the Commercial Appellate Court in September 2015 and now finally by the Supreme Court of Cassation.
In essence, the Supreme Court of Cassation confirmed the standpoint of Živković Samardžić lawyers that the form prescribed for interbank communication concerning bank guarantees was not followed by the Moscow Investment bank’s swift message sent to the defendant after the original of the guarantee was returned, and for those reasons the swift message produced no legal consequences.
The Živković Samardžić team successfully representing Vojvodjanska banka a.d. was led by Miloš V. Milošević, Dispute Resolution Partner and Marko Trišić, Dispute Resolution Senior Associate.
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Current Events Exception Reinterpreted in a Landmark Copyright Infringement Case
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, today announced a landmark decision in a copyright infringement case that has reinterpreted the current events exception in the Serbian copyright law.
The firm was acting for 021, a broadcaster and news site operator from Novi Sad, Serbia, against a copyright infringement claim for the alleged unauthorized use of photograph, brought by a photographer Nebojša Radosavljević. 021 used Radosavljević’s photograph as the part of its report on the trafic accident leaving seven people injured in the city of Kragujevac. Photograph was made several minutes after the accident, on the very spot of it.
In its decision No. Gž4-88/16 delivered to the parties recently, the Court of Appeal in Belgrade reinterpreted the current events exception to copyright infringement from the Article 43 of the Serbian Copyright Act in a way resembling the Article 5.3(c) of the EU Copyright Directive (the Directive 2001/29/EC of the European Parliament and of the Council of 22 May 2001 on the harmonisation of certain aspects of copyright and related rights in the information society), that allows for exception in the cases where the use of copyrighted work is connected with the reporting of current events, to the extent justified by the informatory purpose of the reporting.
Previously, Serbian courts, when construing the current events exception, played rather safely and kept closer to the original wording of the Article 10bis(2) of the Berne Convention for the Protection of Literary and Artistic Works, which mentions explicitly, when allowing the current events exception, the ”works seen or heard in the course of the [current] event“ only, and not the works related to the current event.
The Court of Appeal in Belgrade underlined the informatory purpose of the 021’s reporting on the “serious trafic accident in the city of Kragujevac” and concluded that the photograph, since taken immediately after the accident and on the very scene of the accident, was “an integral part of the reported current event”. Thus, the Court of Appeal concluded, “defendant was authorised to reproduce the photograph and make it available to the public, without author’s permission and without paying remuneration”.
Živković Samardžić team representing 021 at the Higher Court in Belgrade and during the appellate proceedings at the Court of Appeal in Belgrade was led by Miloš Stojković, Živković Samardžić Technology, Media and Telecommunications Associate.
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Živković Samardžić supports South Central Ventures with its second startup investment in less than three months
Živković Samardžić, one of the Serbia’s leading full-service independent law firms and market leaders in venture and growth capital, continues to support South Central Ventures (SCV) with their investments in the most promising tech startups in the Western Balkans region. Less than three months after the investment in dryTools, the firm has acted again for SCV on its EUR 700,000 investment in City Expert, a Belgrade based startup that gained traction rapidly with its innovations and use of technologies in real estate sale and rental sector.
SCV manages the Enterprise Innovation Fund (ENIF), a venture capital fund focusing on highly specialised, innovative small and medium-sized enterprises in the Western Balkans. Investors into ENIF are the European Commission (EC), the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD), Kreditanstalt für Wiederaufbau (KfW) together with institutional and private investors from the Western Balkans. The EUR 40 million fund is dedicated primarily to early stage and growth investments, intended to fuel the international business expansion and growth.
Živković Samardžić team that has advised SCV on its investment in City Expert included partners Branislav Živković and Slobodan Kremenjak, senior associate Igor Živkovski and associate Ana Popović. The firm will continue to support SCV with their investments in tech startups.
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Živković Samardžić advises South Central Ventures on its investment in Serbian startup drytools
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised South Central Ventures on its investment in drytools, startup based in Novi Sad, Serbia, operating in the software developing tooling sector, helping other start-ups, product companies and software consulting companies cut costs and reduce software development time. (more…)
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Živković Samardžić secures victory for NBG group member at the Supreme Court of Cassation of Serbia
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has secured a victory for Vojvođanska banka a.d. Novi Sad, member of the National Bank of Greece Group in an EUR 13.5 million dispute with Sojaprotein a.d. Bečej, the largest soybean processor in Serbia. (more…)
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