Category: Corporate

guest In Corporate, Dispute Resolution, Logistics, Regulatory, Tax, White-collar

Corporate investigation & multimillion-euro management embezzlement Case

Sector: Logistics & Supply Chains; Corporate Investigations; Regulatory; AML; Tax

Practice Area: Dispute Resolution; White-Collar Crime

The firm represented a leading regional logistics services provider against certain select managers in a matter concerning a suspected multimillion-euro fraud committed against the company.

The firm advised the company through a comprehensive internal investigation and on the measures and steps to be taken against certain managers that were suspected of committing acts against the interests of the company.

Following the firm’s engagement in the matter, relevant submissions and procedural acts on behalf of the company as the injured party, the relevant prosecutorial entity initiated a comprehensive and official investigation against the suspect.

Zdenko Tomanović In Commercial, Corporate, Technology

Commercial Court – successful representation in a 5+ mil. EUR shareholders’ dispute over a TMT sector joint venture

Sector: Media & Telecommunications; Appellate

Practice Area: Commercial Dispute Resolution

The firm has successfully represented a corporate client and a majority shareholder over a 5 mil. EUR lawsuit filed based on a shareholders’ agreement concerning a joint venture in a TMT sector company.

Initiated in 2019, the claim was dismissed in the first instance in 2022 by the Commercial Court and confirmed as final by the Commercial Court of Appeal recently. In a complex factual matrix spanning a long number of years of the joint venture and grappling with various arguments on the interpretation of the agreement between the relevant parties, the firm succeeded in arguing that the obligations to pay certain sums never arose and defended the respondents with respect to their alleged joint liability. Full costs have been awarded to the respondents.

Zdenko Tomanović In Commercial, Corporate, Real Estate

Loan Market Transactions – Successful closing of EUR 7+million GCV secondary market loan transactions concerning secured claims

Sector: Finance; Real Estate; Restructuring

Practice Area: Corporate & Commercial; Distressed, Special Situation & Loan Market Transactions

The firm has successfully acted for an international investment entity in closing EUR 7+ million secondary market loan transactions which concern loan receivables secured on various real estate assets in Serbia. The team has advised the seller on the negotiations, structuring, signing and closing of the deal. The underlying assets were distressed following the Great Recession and the resulting recessionary years in the region, and the relevant loan facilities were subject to multiple restructurings and negotiations over the years. Having acquired the loans trough a primary sale from the originators, the seller’s exit marks another successful investment cycle in the Serbian assets.

Zdenko Tomanović In Conference, Corporate, International

12th Annual Investment Meeting in Abu Dhabi

Area: Conference, Investment, Business

The firm had the pleasure to attend the 12th Annual Investment Meeting this May organized by the AIM Foundation, and held under the patronage of His Highness Sheikh Khaled bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.

The conference afforded opportunities for engaging discussions with respect to a variety of topics and investment opportunities – especially in the start-up, energy, infrastructure and real estate sectors – across the globe.

The firm also participated in the focused Credit Management & NPL Forum of the conference, organized by the DDC Financial Group, which allowed for interesting discussions concerning opportunities and challenges of investing in distressed assets and non-performing loans.

guest In Acquisitions, Commercial, Corporate, Mergers, Transactional

Successful cross-border acquisition of a privately-owned regional pharma sector company

Sector: Pharmaceuticals

Practice Area: Corporate & Commercial; Mergers, Acquisitions & Transactional

The firm acted for the seller in a cross-border sale of an entire share capital in a privately held US-based pharmaceutical company with multiple subsidiaries in several jurisdictions in the region.

The firm advised on the structuring and implementation of the transaction, as well as matters of cross-border tax, together with our colleagues from abroad.

The transaction successfully closed following the satisfaction of condition precedents.

Zdenko Tomanović In Commercial, Corporate, International

Issue of UK patents & successful milestone in tech JV

Sector: Start-ups & Venture Capital, Energy

Practice Area: Commercial & Corporate

The firm advised a Swiss and Serbian-based JV with respect to a technology start-up joint venture set up for the commercialization of certain energy sector technologies on a global scale.

After successfully closing the JV structure and incorporating the collaboration agreement, as well as implementing asset transfers concerning various IP, the firm advised, in cooperation with the Patent Attorneys in the relevant jurisdiction, the parties on a UK Patent application.

In accordance with the JV milestones, the relevant applicants were granted a UK Patent with respect to the technologies covered by the collaboration and have successfully completed a major milestone in their collaboration agreement.

Tomanovic Law Firm has advised on a number of commercial and corporate aspects, including cross-border tax matters, and was assisted by the cooperating law firms from Switzerland and the UK.

guest In Commercial, Corporate, Finance, Real Estate

Loan Market Transaction – the firm successfully closes a multimillion EUR secondary loan market cross-border transaction for an international non-performing assets management company

Sector: Finance; Real Estate; Restructuring

Practice Area: Corporate & Commercial; Distressed, Special Situation & Loan Market Transactions

The firm has successfully acted for an international investment company in closing a cross-border secondary market loan transaction involving complex matters of restructuring, loan assignments, and security collateral transfers, based on several framework and multiple implementation agreements.

The loans were secured by underlying assets linked to several corporate insolvencies, burdened by multiple disputes over the years, and the closing mechanisms involved several tranches of payments against performance and release of escrow-protected documents.

The underlying assets were lucrative hospitality development assets, which served as the basis for the valuation of the claims.

Having acquired the loans through a primary sale from the originators, the seller’s exit marks another successful investment cycle in regional assets.

guest In Commercial, Corporate, Energy, Technology

Restructuring of a Swiss corporate group operating in the tech sector and with significant development companies in Serbia

Sector: Technology; Energy

Practice Area: Corporate & Commercial; Restructuring; Commercial Contracts

Together with our cooperating partners from Zurich, the firm advised a Swiss corporate group active in the technology space and focusing on the energy sector, on the restructuring of the corporate group and reorganisation of certain matters pertaining to the shareholding as well as subsidiaries, including those in Serbia.

The restructuring was completed with the execution and implementation of new statutory documents, transfers of shares/quotas in the various companies in the group and the re-arrangement of certain commercial intra-group contracts.