April 20, 2016

ODI`s junior associate, Ana Kališnik, provided legal expertise to PaymentsCompliance, in the article dated 19 April 2016 by John Basquill regarding the second Payment Services Directive (PSD2) and its potential impact in Slovenia, the implementation process, the effect on payments businesses and banks, and the possible issues and concerns. PaymentsCompliance is payment industry’s leading regulatory and business intelligence portal.

The full article is available to PaymentsCompliance members through their webpage at

A short excerpt covering a few first paragraphs is as follows:

Mobile money innovators in Slovenia are hoping to capitalise on EU reforms and banking complacency to make their voice heard in a small, but potentially lucrative, payments sector.

According to Ana Kališnik, an associate at Odvetniška Družba Ilić & Partnerji (ODI) Ljubljana practice, payment providers in Slovenia are already gearing up for the arrival of the EU-wide revised Payment Services (PSD2).

Despite their long-standing dominance over the sector, she said the country`s banks have not yet shown the same sense of urgency.

“Banks are dominant, and I think they will have to change,” she told PaymentsCompliance. 

“But when I`ve spoken to a few of the banks they have not been working on this directive.”

Kališnik said their inaction could be music to the ears of non-bank payment providers.



April 13, 2016

The independent rating agency, The Legal500 have just released their global ranking results for 2016.

ODI Slovenia has once again received the Leading Law Firm ranking in the Legal Market Overview 2016 in Slovenia and is particularly proud to have been lauded for the restructuring work.

Congratulations to our managing partner, Uroš Ilić, who is once again featuring among the Recommended Lawyers.

The full results are available here.


April 13, 2016

ODI Macedonia has been ranked by Legal500 2016 as Leading Law Firm, praised for demonstrating both `strength and capability’.

Partners, Gjorgji Georgievski and Ana Stojanovska are featuring among the Recommended Lawyers.

The full results are available here.


March 25, 2016

Happy Easter Holidays!

Please note that ODI Slovenia and Croatia offices will be closed on Monday, 28 March 2016.

ODI Serbia and Macedonia offices will be closed on Friday, 29 April and Monday, 2 May 2016.

March 23, 2016

Emerging Europe M&A Report 2015/16 has been released by EMIS (a Euromoney Institutional Investor company) and provides insight into recent M&A and private equity developments and future trends in Central, Eastern and South-Eastern Europe.

Here is a short recap excerpt for Slovenia:

After a promising start with a significant number of privatisations in the pipeline, 2015 was disappointing, in particular due to the non-transparent privatization process of Paloma.

While two significant privatisations (of the second largest bank NKBM and the brewery Laško) succeeded, what was scheduled to be by far the biggest sale process (Telekom Slovenije) failed. This was considered a clear sign that the Slovenian government is not yet prepared to privatize companies of any significant size unless the companies in question are distressed.  This was confirmed by the asset management strategy adopted in July 2015 by the Slovenian parliament, essentially taking the most interesting Slovenian companies from the market by declaring them either strategic or important assets – meaning that the state will continue to control these companies. The list of strategic assets, in addition to assets in the electricity and utility sectors, includes a number of potentially interesting Slovenian companies such as Triglav, Petrol, Krka, Sava Re and Nova Ljubljanska Banka (NLB).

Private-to-private business transactions increased significantly in 2015, with sizeable deals including the acquisition of 100% of Pekarna Grosuplje by Don Don; 100% of Iskra Zaščite and Varsi by Raycap and 46% of Perutnina Ptuj by SIJ. This trend is expected to continue in 2016, as evidenced by the sale of Trimo, a transaction that signed in December between seven banks and Innova Capital.

There will be additional privatisation processes in 2016, with Cimos already well under way. The Bank Asset Management Company kicked off the tender for Mariborska livarna Maribor, an automotive components maker; and a significant part of the Slovenian hotel sector could be put up for sale. There are also some NPL transactions ongoing with NLB`s EUR 900m portfolio a frontrunner.  The biggest challenge for the Slovenian government in 2016 will be the privatization of NLB. Under the EU Commission`s state aid decision, the Slovenian state has to reduce its current shareholding of 100% to 25% and one share by the end of 2017. Based on its asset management strategy, the government intends to achieve this via an IPO, whereby no other shareholder may hold more shares than the government. As NLB remains distressed, this plan seems unrealistic, but, to date, no alternative plan has been presented.

Deals by Value and Volume in Slovenia (2012-2015)
2012 – 34 deals – 376m
2013 – 38 deals – 960m
2014 – 39 deals -923.2m
2015 – 62 deals – 870.8m


March 15, 2016

On 9 and 10 March 2016, ODI partner, Miloš Čurović attended the NPL Europe 2016 spring conference in London. This major pan-Europe event brought together Banks, Investors and Services from around the European region to discuss the latest trends in the European Distressed Debt Market, how to reduce NPL ratios, what and where the new investment opportunities are, and which business partners and resources are readily available in the market.


March 2, 2016

A select gathering of experts from law firms in Central and Eastern Europe attended the annual 2015 CEE Legal Matters Experts Summit. ODI`s Uroš Ilić participated in the end-of-year Round Table conversation about opportunities, obstacles, and challenges across the region in 2015 and for the 2016. For full report, please click on the article.


March 1, 2016

Managing partner, Uroš Ilić, gives a recap of the legal market in the Balkans in 2015 in the February issue of the CEE Legal Matters magazine.

To read the article, click to follow the link:


January 25, 2016

The construction of the second railway track between the Port of Koper and Divača has been given the green light by the Slovenian Government. The purpose of the €1.3 billion project is to ensure an up-to-date and high-capacity connection between the Port of Koper and the railway network in Slovenia and the wider European railway network. As the country`s key infrastructure project, Slovenia is keen to promote the expansion and expects to receive funding from available EU sources and other private and/or domestic public sources.

Slovenian Infrastructure Agency released on the public procurement portal, on 20 January 2016, a public call for tender for the selection of the contractor for the review of technical solutions and possible rationalisation and optimisation for the second track of the Divača—Koper railway line. Tenders are due by 4 March 2016. For more information please click on the link –


January 25, 2016

ODI extends its warmest congratulations to Managing Partner, Uroš Ilić, on his appointment of the Honorary Consul of the Kingdom of Belgium to the Republic of Slovenia. Mr. Ilić will head the new Belgian Consulate, which has been opened following Belgium’s recent decision to close their Embassy in Slovenia.  The induction ceremony is yet to take place where the Ambassador of Belgium will hand over the official documents of appointment.

Mr Ilić will support the Belgian Consulate by not only providing domestic assistance to Belgian nationals travelling and residing in Slovenia but also expanding links between the two countries and promoting businesses in the fields of commerce, tourism, culture, science, education and sport. He sees the appointment as the key to a vastly-expanded world of social and economic advantages and new opportunities. In his legal capacity, Mr Ilić has been developing a connection with Belgium for some time, having worked on different M&A projects with reputable Belgian companies and is a member of the Ambassador`s Club of Slovenia in Belgium.

Mr Ilić said: “I am honored to accept the role as Honorary Consul of the Kingdom of Belgium and look forward to providing assistance to the Belgian community as well as building a link and promoting all round cooperation between Slovenia and Belgium. Both countries have a lot in common as they are both members of the EU family, which is a guarantor of present and future Rule of Law in Europe. Devoting my entire professional carrier to this fundamental legal principle, I feel extremely privileged to be entrusted with additional responsibilities that will help businesses and citizens of both countries to prosper and use their various freedoms.”


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