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M&A activity in Serbia finally showed some positive trends in 2022, despite high inflation and supply chain challenges. During the first three quarters of 2022, the Serbian M&A market has performed well, given the current economic environment, and was primarily defined by deals in the energy and real estate sectors, the IT industry, and further consolidation of the banking sector. 

Employment law related matters are a fundamental part of every legal due diligence analysis of Serbian companies and their respective businesses. Following the enactment of the Law on Gender Equality ("Official Gazette of the Republic of Serbia", no. 52/2021, "Law"), the scope of legal due diligence exercises should be extended to also include targets’ compliance with obligations set forth in the Law.

During the first half of 2022 the Commission for Protection of Competition of the Republic of Serbia ("Commission") has been very proactive with respect to prevention of competition infringements. As a result of these efforts, in May the Commission also adopted a new Instruction for detecting bid rigging in public procurement procedures ("Instruction") thereby updating the older version of the Instruction from 2011.

Radovanovic Stojanovic & Partners and Cerha Hempel have advised AIK Banka, Gorenjska Banka, and Agri Europe Cyprus on their acquisition of Sberbank Europe’s shares in six CEE banks. Noerr advised the buyers on Hungarian law, while Maric & Co, Zuric and Partners, Tos & Partners, and Egorov Puginsky Afanasiev & Partners reportedly advised the buyers on Bosnian, Croatian, Slovenian, and Russian matters, respectively.

Radovanović Stojanović & Partners at a Glance

Radovanović Stojanović & Partners is a Serbian commercial law firm with a business-oriented approach devoted to establishing exceptionally constructive and synergetic relationships with clients.

We are acting as international legal counsel and single point of contact to many of our clients with regard to their cross-border matters. Our close cooperation with the leading independent law firms in many jurisdictions enables us to resolve our clients’ complex legal matters promptly, professionally and with the same high-quality standards worldwide.

We are particularly well recognised in the SEE region by our strong M&A and Competition law expertise and multijurisdictional lawyers qualified to practice law across the region. Our expertise also includes Banking & Finance, Dispute Resolution, Real Estate, Employment, Intellectual Property, Data Protection, Compliance, etc.

Our team supports international and domestic clients in a variety of high-end corporate type of work, including M&A which constitute an important field of practice at Radovanović Stojanović & Partners.

Website: www.rspartners.rs