Sector: Infrastructure, Finance, Conglomerates
Practice Area: White-Collar, Tax
In a publicly anticipated and widely reported decision concerning a major case against the shareholder of a regional conglomerate and various connected entities, the Appeal Court in Belgrade addressing the matter which emerged from a complex privatization of infrastructure sector companies fully accepted the arguments put forward in the submitted appeals and ordered a full acquittal of our clients.
The Appeals Court overturned the highly criticized and legally flawed first instance decision, which sought to impose effectively multimillion EUR retroactive tax obligations on a criminal law plane.
The decision marks and end to 10 years of proceeding before the Prosecutor and the relevant Courts which were followed by intense media and wide-ranging political interest in the case.
The defendants were awarded full costs in the case and are seeking redress for the damages caused by the unjustified investigations and trial in various proceedings.