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Kinstellar advises Madison Debt Holdings on the sale of Conexio Metro to A1 Serbia
We are pleased to have advised Madison Debt Holdings on the successful sale of Conexio Metro DOO Beograd, the owner of a metro optic network in Belgrade, to A1 Serbia. The metro optic network, running through the sewage system to connect end-users, is a unique and highly sought-after telecom infrastructure in Serbia. Kinstellar’s Belgrade team provided expert guidance through one of the most complex transaction structures in the market, crafting the corporate spin-off process and leveraging deep industry knowledge to ensure the successful carve-out of the metro network into a newly established company. This paved the way for a seamless share sale to A1 Serbia of spun off telecom assets. The Kinstellar team
Navigating the legal landscape: The implementation status of MiCA
As the cryptocurrency market continues to captivate investors worldwide, understanding the regulatory landscape becomes more crucial than ever. In this respect the Markets in Crypto Assets Regulation (the MiCA) is a ground-breaking initiative by the European Union (the EU) aimed at establishing a robust framework for digital asset markets. With MiCA application having taken effect on 30 December 2024, EU member states are now in the process of aligning their national legislation with the new rules and addressing the practical challenges of implementation.Click on the image below or use the following link to read our overview in English. For more
Kinstellar advises GTC on the sale of GTC X office building in Belgrade
Kinstellar has successfully advised Globe Trade Centre (GTC), a leading real estate investor and developer in Central and Southeast Europe, on the sale of its subsidiary, Glamp doo Beograd, that owns the GTC X Building, to Forstone Realty doo Beograd. The GTC X Building is located in a prime area of New Belgrade (Serbia), and encompasses nearly 18,000 square meters of office space. In addition, the building features 300 parking spaces across a three-level underground garage. Kinstellar's M&A team in Belgrade included Partner Milan Samardžić, Managing Associate Mina Srećković, and Associates Đorđe Ilijašević and Jelisaveta Folić.
Status of CSRD transposition in Central and Eastern Europe and its legal implications
Kinstellar hosted a special webinar event on 11 February 2025, focusing on the latest status of transposition of the Corporate Sustainability Reporting Directive (CSRD) in Central and Eastern Europe as well as some other legal and regulatory updates relevant to ESG in EU neighbouring countries. The webinar provided valuable insights into the crucial legal factors in preparing for CSRD reporting and a comprehensive understanding of key ESG rules being rolled out in the CEE and beyond. Topics covered: Status of CSRD transposition in Bulgaria, Croatia, Czech Republic, Hungary, Romania and Slovakia Legal considerations of CSRD reporting Other ESG regulatory updates in Serbia, Turkey and
Kinstellar advises Lafarge Serbia on the acquisition of 100% of shares in SPV TRIBEX MINING
Kinstellar is proud to have advised Lafarge Serbia, a member of the Holcim Lafarge Group, on the acquisition of 100% of shares in SPV TRIBEX MINING, the owner of the Jazovnik stone quarry. As the world’s leading cement manufacturer, Lafarge continues to strengthen its presence in the Central and Eastern Europe (CEE) region through this strategic expansion. Our team provided comprehensive support throughout the transaction, from legal due diligence to transactional support and closing activities. The M&A team in the Belgrade office was led by Miloš Velimirović, Managing Partner and Mina Srećković, Managing Associate, along with Associates Đorđe Ilijašević and Jelisaveta Folić, with the assistance
Kinstellar advises e& PPF Telecom Group on their acquisition of SBB Beograd
Kinstellar’s Belgrade team, together with Sullivan & Cromwell, has successfully advised e& PPF Telecom Group, an operator majority-held by the global Emirati-based telco e&, with Czech Group PPF as the other shareholder, on the acquisition of SBB Beograd. The deal, structured on a debt-free and cash-free basis, paves the way for e& PPF Telecom Group to merge SBB with Yettel, its mobile operator. This merger will unlock new opportunities, enhancing services for clients in Serbia. SBB will continue its media broadcasting operations seamlessly. In parallel, United Group has divested 100% of its NetTV Plus, DTH assets in Serbia and North Macedonia, as well as Sport Klub rights licenses in the Western
Kinstellar announced the promotion of Mario Kijanović to Managing Associate in Belgrade
Kinstellar is pleased to announce the promotion of Mario Kijanović from our Belgrade office to Managing Associate. Mario’s expertise spans a variety of sectors, including renewable energy projects, commercial and industrial leasing, acquisitions, disposals, and complex capital transactions. He has assisted a wide range of clients, from the public sector to some of the world’s largest property and renewable energy project developers. Mario has provided advisory services on major acquisitions for leading international clients such as Two Rivers, Besico, and Strabag, further solidifying his reputation as a trusted advisor. Mario is also recognized as a Rising Star in Real Estate and Construction by Legal 500
Kinstellar advises Shamrock Capital on its strategic investment in DE-YAN in Serbia
Kinstellar’s team in Serbia, working in collaboration with and through the referral of the international law firm Willkie Farr & Gallagher, has advised Shamrock Capital, a Los Angeles-based investment firm, on its strategic investment in DE-YAN, a leading global experiential consultancy known for its top-tier design, integrated creative strategy and digital innovation. Kinstellar has provided legal support throughout the process, including the preparation of legal due diligence, assistance with the transaction documentation, and advising on pre- and post-closing activities. The team was led by Managing Associate Mina Srećković, along with Managing Associate Kristina Stojanović, Senior Associates Mario
TMT Legal Update
Our TMT Legal Update provides insights from our law experts and aims to keep you regularly up to date with sector news, trends and legislation in the Central and Eastern Europe and Central Asia regions. This issue covers key updates from our jurisdictions from the past few months. REGIONAL Implementation status of certain EU regulations Technology 01. New development regarding NIS 2 Directive implementation in various Kinstellar jurisdictions The EU's NIS2 Directive is a cybersecurity act aimed at improving overall cybersecurity in the EU. Member States must implement it by 17 October 2024. Below we provide
Kinstellar advises A1 on the acquisition of a significant greenfield site in Serbia
Kinstellar is pleased to announce that it has successfully advised A1 Srbija, a leading telecommunications company in Serbia, on the acquisition of a significant greenfield site in Serbia. A1 Group is a leading telecommunications provider in Central and Eastern Europe, offering advanced communication solutions and digital services to millions of users. Operating in multiple countries including Austria, Slovenia, Croatia, and Bulgaria, A1 Group provides mobile, broadband, TV, and cloud services. Kinstellar provided full legal support throughout the process, including the legal due diligence of the location, negotiations with the seller, signing and notarization of the purchase agreement. This transaction marks another
Kinstellar advises Strickland Metals in major gold mining acquisition in Serbia
SOG in cooperation with Kinstellar is proud to announce its role as legal counsel to Strickland Metals Limited, an ASX-listed mineral exploration company from Australia, on its acquisition of Zlatna Reka Resources d.o.o. Beograd-Vracar. This acquisition marks a significant development in Serbia’s burgeoning mining industry, as the project holds an impressive 5.4 million ounce gold resource. Kinstellar’s team, led by Senior Associates Sara Ostojić and Mario Kijanović, as well as Associate Vuk Vučković, provided comprehensive legal services for this acquisition. Our involvement included a thorough legal due diligence of the mining titles, permits, and accompanying documentation of the target company. Zlatna
Exclusive distribution agreements in the pharma sector in focus of the Serbian Competition Authority
In Serbia, most of the exclusivity arrangements between pharma companies need to be, prior to their implementation, individually exempt by the Serbian Competition Authority (“SCA”). Most recently, the SCA issued two decisions in the individual exemption process. In one it denied, while, in the other it only conditionally approved individual exemptions for exclusive distribution agreements between pharmaceutical companies. These developments show a noticeable shift in the SCA’s stand towards exclusivity arrangements with the SCA taking a stringent approach, limiting the parties' ability to contract exclusivity arrangements in the sector. Below we provide an overview of the individual exemption application requirement