NKO Partners has supported industrial real estate developer CTP with securing EUR 16,5 million worth of financing for its real estate projects in Serbia with Raiffeisen bank Serbia. Four project companies of CTP and Raiffeisen entered into a secured term facilities agreement on 25 June 2020 for purposes of financing development and construction of four […]
NKO Partners assisted Konica Minolta Serbia, a part of a Japanese multinational technology company, in obtaining a favorable judgment from the Administrative Court of Serbia. The Court annulled the fine previously levied against Konica Minolta by the Serbian Competition Commission for allegedly entering into restrictive agreements and referred the case back to the Commission for […]
During the new normal, at Koffels we are still pushing our message out. Ross has been working with our in-house team to do a few short video messages to enhance our profile, and get our message out to what is an increasingly on-line client base. Certainly, a law office takes on a new persona when […]
NKO Partners advised CTP, leading industrial real estate developer in CEE, in connection to acquisition of 6ha of construction land in Kragujevac. CTP acquired the location intended for industrial development from the City of Kragujevac for EUR 2,1 million. This is the second successful real estate project of CTP in Kragujevac that NKO Partners advised […]
NKO Partners advises the selling side in the sale of past producing silver-zinc-lead mines Kizevak and Sastavci in Serbia to Tethyan Resource Corporation. The first closing for the acquisition was completed on May 14, 2020 providing Tethyan with 10% of shares in local EFPP d.o.o. Namely, EFPP holds two exploration licenses over past producing mines […]
Royal Decree-law 19/2020 of 26 May (“RDL 19”), has specified or slightly modified Royal Decree-law 8/2020 of 17 March (“RDL 8”) with respect to the deadlines for the preparation and approval of annual accounts corresponding to financial year 2019 in Spain. In a previous article we briefly explained the normal process for preparation, audit and approval of […]
NKO Partners advised private client on sale of local Lola Real Estate, owner of premium residential location in New Belgrade to Czech investor UDI Group. Prior to the takeover, NKO Partners supported Lola Real Estate in acquiring 9.376 m2 construction land in public tender procedure before Belgrade Land Agency for approximately EUR 7 million. The […]
On 4 June 2020 and coinciding with the reactivation of procedural deadlines in Spain, we learned of Ruling no. 60/2020 of 3 June. The senior judge of Labour Court no. 1 of Teruel, in proceedings 114/2020, upheld the claim presented by the doctors’ union FASAMET, against the Aragon Health Service (Servicio Aragonés de Salud), Aragon […]
NKO advises Dr. Max, largest pharmacy network in Central Europe present in Serbia since 2017, on public-private partnership project for concession of 27 state owned pharmacies located in Kruševac and Rasina District. Concession contract granting Dr. Max with 15-year concession is signed with the City of Kruševac on May 15, 2020. NKO Partners’ team led […]
As of 11 June 2020, Royal Decree-Law 21/2020, of 9 June, will enter into force on urgent measures for prevention, containment and coordination to deal with the health crisis caused by COVID-19. By virtue of this regulation and once the state of alarm ends, the government sets forth a series of regulations on preventive matters in […]
The NYC Department of Finance posted the new property tax bills for the start of the 2020/2021 tax year and for payment due July 1. You can access the bills at http://nyc.gov/taxbill. DOF calculated these bills with the prior year’s 2019/2020 tax rates. Whenever the City Council sets the 2020/2021 tax rates, DOF will adjust […]
PENDING NEW YORK STATE LEGISLATION The following bills have passed both the New York State Senate and Assembly, and are awaiting delivery to Governor Cuomo for signature or veto. We will update you once the Governor takes action on these bills. S.8192B, Hoylman / A.10290B, Dinowitz: This bill (the “Tenant Safe Harbor Act”) creates a moratorium […]