Insights, Deals and Cases

Commercial Appellate Court Victory for Basketball Executive

24 February 2019

Živković Samardžić's dispute resolution team won a case for Vlade Divac, vice president of basketball operations and general manager of the Sacramento Kings, in a lawsuit filed by Serbian businessman Vojin Đorđević. Đorđević sought over EUR 10 million in compensation for shares in a water bottling plant.

This victory follows a previous case where Divac successfully defended his ownership of the plant and shares in an alcoholic beverages company in a 2016 Court of Cassation ruling. In the latest case, the Commercial Appellate Court ruled in Divac's favor, finding that Đorđević had failed to fulfill his obligations from a 2006 Letter of Intent, including increasing company capital and transferring licenses, which led to the court dismissing his claims.

The team was led by lawyers from Dispute Resolution department at Živković Samardžić.

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