Živković Samardžić Lawyers recognized by The Legal 500 EMEA 2024
Živković Samardžić is truly delighted to learn about rankings in the Legal 500 Europe, Middle East & Africa 2024 directory. The office has been ranked across a diverse set of practice areas and our lawyers have been recognized as great professionals.
Miloš Milošević, Partner has been recognized as a Leading Individual, while Ivan Ljubisavljević, Partner as a Next Generation Partner, for their Dispute Resolution work.
Dispute Resolution team has also been recognized as consistently handling high-stakes commercial cases before the Serbian and Montenegrin courts, Živković & Samardžić Law Office acts for several domestic investment banks and insurance companies on an ongoing basis. The firm is home to experts in litigation and enforcement work, along with restructuring, reorganisation and insolvency proceedings. The career of Miloš Milošević includes being a civil law appellate chamber judge at the Belgrade District Court, while Ivan Ljubisavljević is a banking and finance litigation specialist. Civil litigation practitioner Tihomir Vlaović provides additional support.
One of the client testimonials are: ‘Expertise and experience make this team stand out by comparison to other firms.’, ‘Miloš Milošević is great for his understanding of banks’ business and aspirations.’
Additionally, Danka Draško has been recognized as a Rising Star for her Employment work, while the Employment team praised for being particularly active in advising on redundancies, reorganizations, union negotiations, employment disputes and executive terminations, to amendments of working conditions and disciplinary procedures
Client impressions were: ‘They are precise, efficient and professional in every way, and they respect tight deadlines.’, ‘Lawyers from this firm are interested in each client individually, knowing in detail the client’s organisation and type of work, as well as its business needs.’
Other ranked practice areas include Commercial, Corporate and M&A and Competition.
Commercial, Corporate and M&A department led by partners Sava Pavlović and Branislav Živković is known as exceptionally knowledgeable and experienced, acting for major commercial, financial and industrial businesses on complex business transactions. According to clients, “This team is truly impressive. They are incredibly focused and experienced, and their approach is remarkably flexible and innovative“, and “Clients highly value the excellent communication between lawyers and clients, as well as the team’s proactive engagement with them”.
The Competition practice is also recognized by the Legal 500, while Živković Samardžić is highlighted as a firm worth watching in the field of Real Estate and Construction practice. This practice is led by Uroš Đorđević, who has longstanding experience in real estate projects and project finance, as well as infrastructure and procurement contracts, however, he is supported by Srđan Zerdo, whose commercial real estate focus covers investment sales and acquisitions, property developments, FIDIC contracts, hotel operation agreements, and property joint ventures.
The Legal 500 is an independent guide, where firms and individuals are recommended purely on merit, considering various factors such as capabilities of the team and the law firm in general, the complexity and the variety of the performed work, with a great emphasis on client feedback.
- Published in Uncategorized
REGISTRATION OF RIGHTS IN THE REAL ESTATE CADASTRE THROUGH ATTORNEYS AT LAW AND GEODETIC ORGANIZATIONS
Amendments to the Law on Registration Procedure with the Cadaster of Real Estate and Utilities (now the Law on Registration Procedure with the Cadaster of Real Estate and Infrastructure), among other changes, introduced the obligation that the citizens, starting from November 4th, 2023, can submit requests to the real estate cadaster exclusively through professional users, i.e., attorneys at law and geodetic organisations. The implementation of this system aims to improve the operation of the real estate cadaster, making it more efficient, as well as to enable faster access to relevant information.
The idea for implementing such a system arose from the positive experience with a system implemented by public notaries. Since July 2018, after certification of each agreement (or other document) by which the transfer of ownership rights was conducted, public notaries were required to automatically submit a request for the registration of the rights of new property owners to the competent real estate cadaster. This system proved to be highly efficient because public notaries, before the certification of every agreement, were obligated to check in detail the current status in the real estate cadaster records, as well as to ensure the presence of complete and accurate documents for the registration of rights.
On the other hand, there is a significant number of real estates in Serbia on which ownership rights have been changed before July 2018 (in some situations even decades ago), with these changes not being registered in the real estate cadaster for various reasons. Therefore, there was a need to introduce a new form of digitization and professionalization of the registration procedure that would be applied to those situations. Additionally, it was necessary to solve a number of problems that arose from the traditional system – including long queues, overcrowding at the counters, incomplete requests, extensive documentation in paper form, frequent problems with the rejection of requests due to the instructions of non-professionals, as well as prolonged registration procedures which, due to disputed documentation, lasted for several years. The introduction of a digital system represents the solution to these challenges, offering a more efficient alternative that will improve the experience of the citizens in the registration process.
It should be noted that submitting requests electronically through attorneys, as professional users, is not a novelty, as such a system has been operating successfully in practice for several years. This system allows citizens whose rights are not registered in the real estate cadaster to address the attorneys who will be obligated to review the entire documentation before submitting a request and identify any potential issues or deficiencies in the documentation required for the registration of rights. Citizens will also have the opportunity, in case of any formal or other deficiencies regarding the documentation, to receive expert advice from attorneys on how to overcome these deficiencies.
Communication between the competent real estate cadaster and attorneys is also far more efficient, especially since the Republic Geodetic Authority canceled the option for citizens to schedule meetings with heads of real estate cadasters, heads of legal departments, or officials processing their cases.
In this manner, not only will the possibility of requests for registration of rights being dismissed or rejected be minimized, but the procedure of registration of rights will also be conducted significantly faster than when citizens did it themselves. For this reason, we strongly believe that these changes represent a significant step not only for citizens but also for the entire administration in Serbia, improving transparency and efficiency in the management of real estate and the entire infrastructure.
For more information regarding the novelties in terms of registration of rights, as well as comprehensive legal assistance related to it, feel free to contact our attorneys at law Uroš Đorđević (uros.djordjevic@zslaw.rs), Srđan Zerdo (srdjan.zerdo@zslaw.rs), and Miroslav Živanović (miroslav.zivanovic@zslaw.rs).
UPIS PRAVA U KATASTAR NEPOKRETNOSTI UZ POMOĆ ADVOKATA I GEODETSKIH ORGANIZACIJA
Izmenama i dopunama Zakona o postupku upisa u katastar nepokretnosti i vodova (sada Zakona o postupku upisa u katastar nepokretnosti i katastar infrastrukture), između ostalog, uvedena je obaveza da od 4. novembra 2023. godine, građani mogu podnositi zahteve katastru isključivo preko profesionalnih korisnika, tj. preko advokata i geodetskih organizacija. Implementacija ovog sistema ima za svrhu da unapredi rad katastra, čineći ga jednostavnijim i efikasnijim, te da omogući brži pristup relevantnim informacijama.
Sama ideja za implementaciju ovakvog sistema proistekla je iz pozitivnog iskustva sa sistemom koji su sprovodili javni beležnici. Naime, od jula 2018. godine, javni beležnici su bili obavezni da nakon svake overe ugovora ili drugog dokumenta za prenos vlasništva automatski podnesu zahtev za upis prava novih vlasnika nadležnom katastru nepokretnosti. Ovaj sistem se pokazao izuzetno efikasan jer je svaki javni beležnik pre same overe ugovora bio dužan da detaljno proveri trenutno stanje u evidenciji katastra nepokretnosti, kao i da osigura prisustvo kompletnih dokumenata i ispravnost istih za upis prava.
S druge strane, u Srbiji postoji jako veliki broj nepokretnost koje su menjale vlasnika pre jula 2018. godine (u nekim slučajevima čak i decenijama unazad), a da te promene nisu bile evidentirane u katastru iz različitih razloga. Iz tog razloga, javila se potreba da se uvede novi oblik digitalizacije i profesionalizacije postupka za uknjižbu koji bi se primenio na te slučajeve. Osim toga, bilo je neophodno rešiti niz problema koji su proistekli iz tradicionalnog sistema – dugotrajna čekanja u redovima, gužve na šalterima, nepotpuni zahtevi, obimna dokumentacija u papirnom obliku, česti problemi sa odbacivanjem ili odbijanjem zahteva usled instrukcija nestručnih lica, kao i postupci uknjižbe koji su, zbog sporne dokumentacije, trajali i po nekoliko godina. Uvođenje digitalnog sistema predstavlja odgovor na ove izazove, pružajući efikasniju alternativu koja će unaprediti iskustvo građana u procesu uknjižbe.
Treba imati u vidu da podnošenje zahteva elektronskim putem preko advokata, kao profesionalnih korisnika ne predstavlja novinu, jer takav sistem postoji i uspešno funkcioniše u praksi već nekoliko godina. Ovaj sistem omogućava da se građani, čije pravo nije upisano u registru katastra nepokretnosti, obrate advokatima koji će biti u obavezi da pre podnošenja svakog zahteva pregledaju celokupnu dokumentaciju i ukažu na eventualna sporna pitanja ili nedostatke u dokumentaciji koja je potrebna za upis prava. Građani će takođe imati mogućnosti da u slučaju postojanja bilo kakvih formalnih ili drugih nedostataka u dokumentaciji dobiju stručan savet od advokata kako te nedostatke da otklone.
Komunikacija između nadležnog katastra i advokata je takođe daleko efikasnija nego da to vrše sami građani, naročito jer je Republički Geodetski Zavod ukinuo mogućnost da građani zakažu sastanak sa načelnicima, šefovima pravnih službi ili referentima koji obrađuju te predmete.
Na navedeni način, ne samo da će se minimizovati mogućnost da zahtevi za uknjižbu budu odbačeni ili odbijeni, već će i sam postupak upisa prava biti sprovođen znatno brže nego kada su to činili građani samostalno. Iz tog razloga smatramo da ove izmene predstavljaju značajan korak ne samo za građane, već i za kompletnu administraciju u Srbiji, unapređujući transparentnost i efikasnost u upravljanju nepokretnostima i celokupnom infrastrukturom.
Za detaljnije informacije u vezi sa novinama u pogledu uknjižbe, kao i kompletnu pravnu pomoć u vezi sa tim, budite slobodni da kontaktirate naše advokate Uroša Đorđevića (uros.djordjevic@zslaw.rs), Srđana Zerda (srdjan.zerdo@zslaw.rs) i Miroslava Živanovića (miroslav.zivanovic@zslaw.rs).
- Published in Client Updates
Živković Samardžić Advises on the Sale of HDL Design House to Capgemini Consulting Österreich AG
Živković Samardžić, one of Serbia’s leading full-service independent law firms, has advised the shareholders of HDL Design House, a leading independent provider of silicon design and verification services in Europe, on the sale of this company to Capgemini Consulting Österreich AG, a multinational information technology (IT) services and consulting company.
HDL Design House was founded in 2001 and headquartered in Belgrade (Serbia) and it comprises approximately of 300 highly skilled engineers with substantial experience in delivering advanced custom chip designs for multiple industries.
Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering, and platforms. It is a responsible and diverse organization of 350,000 team members in more than 50 countries. Živković Samardžić team that acted as lead legal counsel to the shareholders of HDL Design House on all aspects of this transaction consisted of Partners Branislav Živković, Uroš Đorđević, Igor Živkovski, Sava Pavlović, and Associate Danka Draško.
- Published in Deals and Cases
What are the new amendments to the Law on Planning and Construction bringing?
At the session of the Government of the Republic of Serbia held on May 4th, 2023, the members of the Government adopted the Proposal of Amendments to the Law on Planning and Construction, which brings several important changes in the field of construction. The introduction of these novelties in the construction industry in Serbia is expected to facilitate the process of issuing building permits, improve the energy efficiency of buildings, reduce negative impact on the environment, and encourage the development of sustainable practices in construction.
The most significant novelty that the new law should introduce is the abolition of the conversion of the right to use into the right of ownership of construction land with compensation (conversion of construction land with compensation) for certain categories of individuals. Since the application of current regulations has not realized its potential to end the process of property transformation of construction land, it was necessary to find a new legal solution. According to the new legal solution, the payment of compensation for conversion is abolished except for the following group of individuals whose position will be determined by special regulations, which include sports associations and clubs, housing and agricultural cooperatives, as well as individuals to whom Annex G of the succession applies.
An important novelty is the recognition and definition of the concept of “green construction” and other elements of the green agenda. Accordingly, the Draft Law stipulates that energy efficiency, sustainable materials and technologies, waste management, water and air protection, and similar issues must be taken into account in the planning and construction of buildings.
Another new term appearing in the Draft Law is “E-space,” referring to the information system for spatial planning and construction. The introduction of this system is expected to facilitate the processes of issuing building permits and other necessary permits.
In addition, the Draft Law introduces the obligation to establish the Agency for Spatial Planning and Urbanism of the Republic of Serbia, which will take over some of the competencies that have so far been under the jurisdiction of the state authorities. All planning documents adopted in accordance with this law will be recorded in the Central Register of Planning Documents, which will be under the authority of the Agency.
Moreover, the Draft Law stipulates the obligation of local self-government units to provide information on “brownfield” locations within their territory, which are industrial and commercial facilities that have not been used for a long period of time but have the potential for urban renewal, within six months. The Agency is obliged to compile a data register of these locations within six months of receiving the data on “brownfield” locations and make it publicly available. For more information regarding the future implementation of the Law on Planning and Construction, as well as complete legal assistance in this regard, please feel free to contact our lawyers Uros Djordjevic (uros.djordjevic@zslaw.rs), Srdjan Zerdo (srdjan.zerdo@zslaw.rs), and Miroslav Zivanovic (miroslav.zivanovic@zslaw.rs).
Šta donose nove izmene Zakona o planiranju i izgradnji?
Na sednici Vlade Republike Srbije održanoj 04.05.2023. godine, članovi Vlade usvojili su Predlog zakona o izmenama i dopunama Zakona o planiranju i izgradnji koji donosi nekoliko važnih promena u oblasti građevinarstva. Uvođenjem ovih novina u oblasti građevinarstva u Srbiji očekuje se olakšavanje procesa izdavanja dozvola za gradnju, unapređenje energetske efikasnosti objekata, smanjenje negativnog uticaja na životnu sredinu i podsticanje razvoja održivih praksi u građevinarstvu.
Najnačajnija novina koju bi novi zakon trebao da uvede jeste ukidanje pretvaranja prava korišćenja u pravo svojine na građevinskom zemljištu uz naknadu (konverzija građevinskog zemljišta uz naknadu) za određene kategorije lica. S obzirom da primena sadašnjih propisa nije ostvarila svoje potencijale sa ciljem okončanja procesa svojinske transformacije građevinskog zemljišta, bilo je neophodno pronaći novo zakonsko rešenje. Prema novom zakonskom rešenju ukida se plaćanje naknade za konverziju izuzev za sledeći krug lica čiji će položaj biti određen posebnim propisima, a u koja spadaju: sportska društva i udruženja, stambene i zemljoradničke zadruge, kao i lica na koja se primenjuje Aneks G o sukcesiji.
Važna novina je prepoznavanje i definisanje pojmova “zelene gradnje” i ostalih elemenata zelene agende. U skladu s tim, Nacrt zakona propisuje da se pri planiranju i izgradnji objekata mora voditi računa o energetskoj efikasnosti, održivim materijalima i tehnologijama, upravljanju otpadom, zaštiti vode i vazduha, i slično.
Još jedan novi termin koji se pojavljuje u Nacrtu zakona je “E-prostor”, koji se odnosi na informacioni sistem za prostorno planiranje i izgradnju. Uvođenjem ovog sistema očekuje se da će se olakšati procesi izdavanja dozvola za gradnju i drugih potrebnih dozvola.
Pored toga, Nacrt zakona uvodi i obavezu formiranja Agencije za prostorno planiranje i urbanizam Republike Srbije, koja će preuzeti deo nadležnosti koje su do sada bile u nadležnosti državnog organa. Svi planski dokumenti koji se donose u skladu sa ovim zakonom biće evidentirani u Centralnom registru planskih dokumenata, koji će biti u nadležnosti Agencije.
Takođe, Nacrt zakona propisuje obavezu jedinica lokalne samouprave da u roku od šest meseci dostave podatke o “brownfield” lokacijama na svojoj teritoriji, koje su industrijski i komercijalni objekti koji se ne koriste u dužem vremenskom periodu, a imaju potencijal za urbanu obnovu. Agencija je dužna da u roku od šest meseci od dostavljanja podataka o “brownfield” lokacijama sačini registar podataka o tim lokacijama i učini ga javno dostupnim. Za detaljnije informacije u vezi sa budućom primenom Zakona o planiranju i izgradnji, kao i kompletnu pravnu pomoć u vezi sa tim, slobodno kontaktirajte naše advokate Uroša Đorđevića (uros.djordjevic@zslaw.rs), Srđana Zerda (srdjan.zerdo@zslaw.rs) i Miroslava Živanovića (miroslav.zivanovic@zslaw.rs).
- Published in Client Updates
Živković Samardžić Advises on the Sale of Eurobank Direktna to AIK Banka
Serbian banking market continues with consolidation and Živković Samardžić is again on the spot. Živković Samardžić, one of Serbia’s leading full-service independent law firms, has advised the shareholders of Eurobank Direktna a.d. Beograd (“Eurobank Direktna”) on the sale of the entire stake of 100% in Eurobank Direktna to AIK Banka a.d. Beograd(“AIK Banka”).
Eurobank Direktna is headquartered in Belgrade and operates through 4 primary segments: Retail Banking, Corporate Banking, Small Business Banking & Digital Banking, and holds a market share of 6% in terms of total assets. It currently employs c. 1,600 employees, operates 98 branches and has a balance sheet size of €2.4bn. Eurobank Direktna is majority owned by Eurobank Holdings (70%) and former Direktna Banka shareholders (30%).
Eurobank Direktna has developed its banking business since entering the market in 2003 as Eurobank EFG Serbia. Following the merger with Direktna Banka, it has become number 8 in the market with market share of 5.5% in assets, loan portfolio of 1.7 billion euro and 1.5 billion euro deposits (as of September 2022). Through a wide network of branches and online platform, Eurobank Direktna provides a high-quality service to its clients.
Thanks to the complementarity of the activities of the two banks, the combined bank would have attained an over 13% market share in total assets, with over 4 billion euro deposits and strong capital base of more than 800 million euros (as of September 2022).
Completion of the transaction is subject to customary approvals by the competent regulatory and supervisory authorities and is expected to take place during the third quarter of 2023.
Živković Samardžić team that acted as local legal counsel to the shareholders of Eurobank Direktna on all aspects of this process consisted of Partners Branislav Živković, Igor Živkovski, Sava Pavlović and Uroš Đorđević.
- Published in Deals and Cases
Živković Samardžić successfully completed the merger Eurobank a.d. Beograd with Direktna Bank a.d. Kragujevac
Živković Samardžić, one of Serbia’s leading full-service independent law firms, has successfully completed advising on the merger of Eurobank a.d. Beograd (“Eurobank Serbia”), a Serbian subsidiary of Eurobank S.A. (“Eurobank”), subsidiary of “Eurobank Ergasias Services and Holdings S.A.” (Eurobank Holdings), with Direktna Banka a.d. Kragujevac (“Direktna”), with absorption of Direktna by Eurobank Serbia (the “Transaction”).
The combined bank (“Eurobank Direktna”), in which Eurobank holds 70%, with a strong capital and liquidity position and a market share of 6.5% in customer loans, becomes the seventh largest in Serbia.
As part of the transaction, Eurobank a.d. Beograd will distribute to Eurobank Group via dividend payment and capital return an amount of c. €232m.
The Živković Samardžić team provided legal assistance and advice both involved banks on the Transaction. This deal was led by Partners Branislav Živković, Slobodan Kremenjak, Uroš Đorđević, Igor Živkovski and Sava Pavlović..
- Published in Deals and Cases
Živkovic Samardžić Advises on Eurobank a.d. Beograd Merger with Direktna Bank a.d. Kragujevac

Živković Samardžić, one of Serbia’s leading full-service independent law firms, has advised on the merger of Eurobank a.d. Beograd (“Eurobank Serbia”), a Serbian subsidiary of Eurobank S.A. (“Eurobank”), subsidiary of “Eurobank Ergasias Services and Holdings S.A.” (Eurobank Holdings), with Direktna Banka a.d. Kragujevac (“Direktna”), with absorption of Direktna by Eurobank Serbia (the “Transaction”).
The Eurobank Group is a dynamic banking group active in six countries, with total assets of €67.7 billion and 11,394 employees. Established in 1990, the Group expanded through organic growth to become a leading force in Greek banking sector. In Serbia, Eurobank (after two successful acquisitions – Poštanska banka and Nacionalna štedionica) is today among the leading foreign investors and financial institutions.
Direktna is a modern, domestic and universal bank, whose business strategy is focused on business with the population and the economy. It was created by the purchase of KBM Bank, then Findomestic BNP Paribas and Piraeus Bank a.d. Beograd, which formed a strong and stable financial institution.
The combined bank (“Eurobank Direktna”) will have total assets in excess of €2bn, total equity above €300m and, accounting for the expected fully-phased synergies, pre-provision income and net income in excess of €50m and €35m respectively.
The combined bank’s market share will exceed 6.5%, in terms of total loans, making the bank the seventh largest in Serbia.
After the completion of the Transaction, Eurobank will control c. 70% of the combined bank while Direktna’s shareholders will own the remaining 30%. Both parties have committed to a growth-oriented business plan, incorporating ambitious expansion targets that will allow the combined bank to finance the Serbian economy and grow profitably in the next few years. Part of the Transaction is the payment of a dividend/capital return to Eurobank. The Transaction is capital neutral for Eurobank and earnings per share (EPS) accretive by 3% post synergies.
Completion of the Transaction is subject to customary approvals by the competent regulatory and supervisory authorities and is expected to take place during the last quarter of 2021. The Živković Samardžić team provided legal assistance and advice both involved banks on the Transaction. This deal was led by Partners Branislav Živković, Uroš Đorđević, Igor Živkovski and Sava Pavlović.
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- Published in Deals and Cases
Živković Samardžić Advises Jubanka AD on Loan Portfolio Transaction
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised JUBANKA AD BEOGRAD (formerly known as Alpha Bank Srbija AD), on a performing loan receivables portfolio sale to SOCIETE GENERALE BANKA SRBIJA AD. The transaction is one of the biggest in the market in last few years and follows the acquisition of Alpha Bank Srbija A.D. by one of the leading commercial banks in Serbia, AIK Banka AD, earlier this year. Živković Samardžić advised AIK Banka on that acquisition, as well.
The Živković Samardžić team which advised on the transaction was led by Partner Branislav Živković and included Partner Uroš Đorđević and Senior Associate Sava Pavlović.
“We had a busy year in 2017 and besides advising on this performing loan receivables portfolio sale and the earlier acquisition of Alpha Bank Srbija A.D. by AIK Banka AD, we have also advisedVojvođanska banka, in their capacity of both one of the key lenders and the agent for the group of other lenders on the Hilton Hotel Belgrade project financing. I would like to thank everyone at our Corporate and M&A and Financial Services departments for their dedication and contribution to our success and growth,“ said Živković Samardžić Managing Partner Branislav Živković.
- Published in Deals and Cases
Živković Samardžić ranked in four out of five practice areas covered in Serbia by the Legal 500 EMEA 2016
Živković Samardžić, one of the Serbia’s leading full-service independent law firms has been ranked in four out of five practice areas covered in Serbia by the Legal 500 Europe, Middle East and Africa (EMEA) 2016 rankings. (more…)
- Published in Uncategorized
Živković Samardžić representing Oiltanking, the second-largest operator of tank terminals worldwide
Živković Samardžić is representing Oiltanking, the second-largest independent operator of tank terminals for petroleum products, liquid chemicals and gases worldwide, that is entering Serbian market via a joint venture with Serbian Public Enterprise Transnafta Pančevo. (more…)
- Published in Deals and Cases
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