Our firm provides a broad range of services to corporations and private businesses including private and public offerings and mergers and acquisitions.
In many cases, we serve as general counsel for companies and represent them in all areas of their corporate life, from the original establishment of the enterprise through all aspects of its evolution and operation.
Law on Enterprises of 1989 made possible for the first time since the World War II for a foreign corporation to establish a wholly owned subsidiary in Serbia. All legal work on the incorporation of the first such subsidiary company was completed by Prica & Partners. The company was 100% owned by Shell which we actively represent to this day. Our firm incorporated a large number of wholly owned subsidiaries of foreign corporations. These include, amongst others, DHL, Elektrolux, IKEA, Xerox, Cisco.
Since 5 October 2000 when Serbia finally opened up to foreign investment, types of investment have become diversified and more sophisticated. The regulatory framework has changed to allow for such transformation and our office actively participated in drafting and creating the new legal framework. This change has allowed for larger scale investments in new industries and new opportunities for foreign investors. In this regard, we acted as counsel to:
The full scale privatization in Serbia commenced in 2001 with the enactment of the Privatization Law, which had set the target to privatize all state and socially owned enterprises. In 2001 we acted as counsel on the buyer's side in the first tender privatization of the largest cement factory by Lafarge.
Since then we have been involved, either on the buyer's or on the seller's side, in different projects that include the privatization of major banks (e.g. Continental Bank, Novosadska banka), metal production companies, breweries (e.g. BIP), tour operators, tyre processing companies, chemical industry, etc.
In the largest privatization project of 2007 and 2008 in Serbia we represented Gazprom Neft in the privatization of NIS - Petroleum Industry of Serbia.
The clients of Prica & Partners benefit from our deep understanding of the legal background and thorough examination of their needs when contemplating a deal. Thus, we have advised clients on a number of acquisitions through the Belgrade Stock Exchange, outside the stock exchange (e.g. takeover bid, hostile and friendly alike), various status changes such as mergers and divisions, joint ventures, etc.
"Commentators say that "this firm can handle tough international instructions." Key mandates have included M&A transactions, foreign investments and joint ventures." -Chambers Europe (2010)