Bojović Drašković Popović & Partners Advise on C.D Holding Internationale's Acquisition of Additional Stake in Emergo Sport

Bojović Drašković Popović & Partners is providing full legal assistance with regards to the 100% sale of its Serbian company Emergo Sport d.o.o. (FitPass Serbia) to C.D Holding Internationale SAS (from France).

The firm is representing FitPass Limited in the Phase 2 of approx. EUR 5 million sale of its Serbian company Emergo Sport.

The transaction is to be carried out in 3 phases over 3 year’s period (2019-2021). In the Phase 1, which is now completed – sale of 20% shares in 2019, Phase 2 – sale of additional 29% shares in 2020, which is currently in progress, and Phase 3 – sale of additional 51% shares in 2021.

As a result of the recent deal, C.D Holding Internationale SAS currently holds 49% ownership over the company.

The BD2P team which is advising on the transaction is led by partner Vuk Drašković together with senior associate Milica Pešterić.

Mario Kijanović to participate in a Data Investment online panel discussion

Data Investment is organizing another free web panel discussion called “Serbia - Real Estate, Valuation and Risks”, discussing several topics: real estate market – before and after the Covid-19 pandemics, legal consequences, risks and bank challenges and impact on valuation. 

Senior Associate Mario Kijanović is the panelist to provide legal insights on this topic, along with the valuation and banking experts from ERSTE Bank, UniCredit Bank, Sberbank, and CBRE. 

The discussion will take place on 07 May 2020 and will be featured on Data Investment’s Youtube channel.

The Latest Newsletter: The implementation of the new Anti-Corruption law has begun

The new Anti-Corruption Law was adopted on 22 May 2019 and it regulates the legal status, competence and work organization of the Anti-Corruption Agency, introduces numerous novelties related to the conflicts of interest, cumulation of public functions, official’s property and income registration, authorities and election of the governing bodies of the Agency.

Together with the previously adopted Law on Organization and Jurisdiction of Government Authorities in the Suppression of Organized Crime, Terrorism, and Corruption, the Law on Lobbying and the Law on the Examination of the Origin of Property, Serbia has significantly improved the normative framework for an even more effective fight against corruption.

To read the whole newsletter please follow this link.