December 22, 2015

ODI Managing Partner, Uroš Ilić, was in Brussels on 9 December 2015 attending the Ambassadors’ Club of Slovenia in Belgium Annual Economic event: ‘The Belgium-Slovenia Business Axis: A New Economic Motor to drive Europe’s Recovery?’

The main topics for discussion were bilateral trade between Belgium and Slovenia: initial screening of current status and future opportunities, Foreign Direct Investment in Slovenia and the tax and legal comparison between Belgium and Slovenia.

Approximately one hundred representatives from Slovene, Belgian and other companies took part. The Ambassadors Club of Slovenia promotes mutual cooperation for sustainable economic and social development. It provides support to Slovenian companies wishing to enter the Belgian market and to Belgian companies that desire to know more about the Slovenian market and companies.

Headline photo: President of the Ambassadors Club of Slovenia in Belgium & President of Walloon Chamber of Commerce & Industry and Mag. Uroš Ilić



December 21, 2015

ODI Ljubljana office will close for the Christmas break on 25 December 2015 and re-open for business on Monday, 4 January 2016.

We wish you all the warmest of holiday cheer and look forward to a successful and prosperous 2016.

November 25, 2015

ODI congratulates its Serbia partner, Tamara Čurović, on becoming an accredited mediator in alternative dispute resolution by successfully completing mediation course at the National Association of Mediators of Serbia, based on the Ministry of Justice program.

ODI Serbia, in cooperation with the Serbian National Association of Mediators, organised the basic training for mediators from 18 to 22 November 2015 at the Belgrade Chamber of Commerce. This accredited training is one of the conditions for obtaining licenses for the mediation and the registration of intermediaries by the Ministry of Justice of the Republic of Serbia.

Tamara says that ˝after litigating all kinds of commercial and corporate cases in front of Serbian courts for more than 10 years she is looking forward to broadening her expertise to mediation, giving ODI clients broader range of choices and opportunities in dispute resolution˝.


November 17, 2015

Bureau van Dijk CEE (BvD) has released a mergers and acquisitions activity data report for the third quarter of 2015, using information from the Zephyr database.

The report for the third quarter of 2015 (Q3) shows value of mergers and acquisitions in CEE region decreased to USD 30,480 million in Q3 2015, down 28% on USD 42,258 million in Q2 2015 and 47% lower than USD 57,049 million in the corresponding quarter of 2014.

Volume also fell to 1,725 transactions, a 27% decline quarter-on-quarter and of 41% compared to the same time last year (Q2 2015: 2,356; Q3 2014: 2,918) and was the lowest result recorded of the last three years under review.

Slovenia ranked 15th by volume, targeted in 21 transactions with value of USD 222 million which represents overall decrease from the previous quarter at 27 transactions and value of USD 695 million.

Favoured sectors in CEE included potash manufacturing, oil and gas, metals mining and banking.

BvD is one of the world’s leading publishers of electronic business and company information. The company has 33 offices worldwide. Their global database combines information from more than 120 sources and covers over 170 million companies.

Click here to get the full report,30KF,2H3KYQ,8TIH,1


November 11, 2015

Partner, Uroš Ilić and Senior Associate, Suzana Bončina Jamšek have authored a chapter for the Chambers Legal Practice Guide: Banking and Finance 2016 titled “Slovenia – Trends and Developments” which has just been published by Chambers & Partners.  The chapter`s main objective is to draw attention to consolidation of the banking sector and the Bank Assets Management Company` role in the sector.

The Global Practices Guide provides legal commentary by experienced practitioners on banking and finance trends in over 60 jurisdictions around the world and offers practical advice for doing business in those areas.

Please click here to read the chapter or PDF version: Chambers Global Practice Guide – Banking an Finance 2016.


November 5, 2015

The WJP Rule of Law Index 2015 (5th edition), the world`s most impartial and comprehensive data set of its kind, presents a portrait of the rule of law in each country by providing scores and rankings organised around eight factors: constraints on government powers, absence of corruption, open government, fundamental rights, order and security, regulatory enforcement, civil justice, and criminal justice. These factors are intended to reflect how people experience rule of law in everyday life. Effective rule of law helps reduce corruption, improve public health, enhance education, alleviate poverty, and protect people from injustices. The country scores and rankings for the WJP Rule of Law Index 2015 are derived from more than 100,000 household and expert surveys in 102 countries and jurisdictions.

ODI partner, Matjaž Jan, who is World Justice Project Rule of Law Index contributing expert, offered his expertise in the corporate and commercial law segment for Slovenia to help create this year`s report.

Slovenia has remained, as per the previous year, ranked no. 28 globally.

The complete 2015 report – including regional rankings, country-specific data, global insights and more is available here: 


November 3, 2015

At the beginning of July 2015, the new Act on the Method of Execution of the European Court of Human Rights judgement in case no. 60642/08 took effect. This was the judgment in the case of Ališić, by which the European Court of Human Rights (ECHR), inter alia, ordered Slovenia to take all the necessary measures for repayment of the old foreign-currency deposits to the savers of Ljubljanska Banka branch offices in other former Yugoslav republics, under the same conditions as applied for the holders of deposits in domestic branches of Slovenian banks.

The Act regulates the scope of beneficiaries, the method for determining the amount of the repayment, the procedure of verification and the method and due date of repayment. Based on final decisions granted to the beneficiaries in the process of verification, the Republic of Slovenia will take over the fulfilment of obligations of Ljubljanska Banka arising from failure to repay old foreign currency deposits and interest.

On 30 October 2015 the Ministry of Finance announced in the Official Gazette of the Republic of Slovenia, no. 81/2015, the Public call for filing the claims for verification of unpaid old foreign-currency deposits.


In addition to the natural persons, civil legal persons are beneficiaries under the Act as well. A natural person who contractually acquired the claim for repayment of old foreign currency deposit from the beneficiary is entitled to file the request for verification only if certain conditions are met.

The amount of repayment

The amount of repayment will be determined on the basis of individual’s outstanding claim against Sarajevo and/or Zagreb branch of Ljubljanska Banka arising from the foreign currency deposits on 31 December 1991, including the contractual interest, accrued until that date.

From the outstanding claim on 31 December 1991, potential repayments and/or recovered amounts on any basis after that date and any due obligations of the saver towards the bank will be subtracted. Interest shall be calculated for the period from 1 January 1992 until 31 December 1992 at an annual rate of 6%, for the period from 1 January 1993 until 31 December 2015 at an annual interest rate of 1.79% and for the period from 1 January 2016 until the repayment at the rate of household overnight deposits.

Verification process

Succession Fund of the Republic of Slovenia (“the Fund”) will have the authority to decide upon the repayments in a specific process of verification.

Existence of the claim arising from the old foreign currency deposits may be proved with an original or a copy of the foreign currency savings book or a contract of deposit or other document demonstrating the existence and amount of the claim. Demonstrating the facts by witnesses is explicitly prohibited.

When filing the request for verification, the beneficiary will have to confirm in writing that the old foreign currency deposit was not transferred to another person, for example to another legal person in accordance with the regulations of the Republic of Croatia regulating the transfer and assumption of guarantees for old foreign currency deposits.

Filing of the requests for verification will be possible between 1 December 2015 and 31 December 2017. It should be noted that requests may not be filed in an electronic form. In case of the beneficiary being represented in the process of verification by an agent who is not an attorney-at-law, the power of attorney given to such agent must be certified. The beneficiary’s signature of the request must be certified as well, unless the request is filed by the beneficiary personally at the premises of the Fund. More specific rules on filing the claim for verification are outlined in the Rules on filing the claim for verification of an unpaid old foreign-currency deposit.

After the filing of requests for verification, the Fund will have three months to adopt a decision [note: Decisions on requests for verification in regard to Sarajevo branch of Ljubljanska Banka will be delayed until the data is received from Bosnia and Herzegovina, which will be arrangeinspecial memorandum. The Fund is still able to rule on a decision of the beneficiary`s claim, which was awarded with enforceable court decision by the Court, competent for Slovenia]. A beneficiary does not pay any administrative fee to the Fund for the procedure of verification.

If the Fund determines that the request for verification is justified, it will issue to the beneficiary an informative statement of calculation of unpaid old foreign currency claim.  It will be possible to object to the informative statement of calculation within a 30 day period [note: by failing to file an objection within that time period, the beneficiary is waiving the right to a potential later claim in the administrative dispute.The Fund must respond to the objection with a decision within 2 months from its receipt. The beneficiary has the right to challenge the Fund`s decision in the administrative dispute.


The Fund will make a payment to all claimants on the 30th day of decision being made final, from the budget`s funds of the Republic of Slovenia. [note: if the funds are to be remitted to the transactional account of the agent, and even if the agent is an attorney-at-law, it is still necessary to attach to the request a special power of attorney for acceptance of payment with certified signature of the beneficiary.]

As a rule, a natural person will not pay income tax of interest accrued from 1 January 1992 on old foreign currency deposits. [note: if a beneficary is a legal person or a natural person, that obtained the claim from the original beneficiary on the basis of a legal transaction within the business activity, the tax deduction is not calculated, detracted or paid, however, obligation to pay income or corporate tax stays.]

Pending judicial proceedings

As at 4 July 2015, all judicial proceedings concerning repayment of old foreign currency deposits are stayed, if the decision on the claim for payment had not yet been adopted. The Act stipulates that a beneficiary who did not file objection against informative statement of calculation, can within 60 days from receipt of payment, withdraw the lawsuit without the consent of a counterparty and without a duty to repay the costs of the procedure.


November 2, 2015

Doing Business 2016: Measuring Regulatory Quality and Efficiency, a World Bank Group flagship publication, is the 13th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies.  The publication was released on 27 October 2015.

Doing Business measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. This year’s Doing Business report continues a two-year process of introducing improvements in 8 of 10 Doing Business indicator sets—to complement the emphasis on the efficiency of regulation with a greater focus on its quality.

Slovenia has moved up 6 spots from the previous year and currently ranks at 29 in the 2016 overall ease of Doing Business ranking. The improvement comes in the areas of  insolvency procedures, dealing with construction permits, protecting minority investors and trading across borders.  Two areas which have not shown improvements and which still have considerable influence on business are the efficiency of judicial powers at resolving disputes and approval of loans.

ODI lawyers who contributed to the areas of Registering Property and Enforcing Contracts in the Doing Business 2016 report were Uroš Ilić and Branko Ilić, partners, Anže Arko, senior associate and Maša Drkušič, associate.

To download the full Doing Business 2016 report click here:

October 19, 2015

Having graduated from the Faculty of Law in Ljubljana in 2010, Tine Mišic worked as an in-house counsel for two large Slovenian companies and completed the apprenticeship at the Koper Higher Court. He passed the Slovenian Bar Exam in 2014. Shortly before joining ODI, he also had a short spell in academia with T.M.C. Asser Institute during the time of his postgraduate studies (LL.M.) at Leiden University. Given his previous experience, his main areas of practice will include legal advisory and dispute resolution. He is fluent in English, Italian, Croatian and Serbian. We are pleased to have him on board.


October 16, 2015

The IFLR1000 rankings for 2016 are out!

We are pleased to announce that ODI Law Firm has been listed amongst recommended law firms and ranked Tier 2 in the IFLR1000 in the field of Financial and Corporate law for 2016, based on its past year’s achievements and results. Our Head of Corporate Practice Group, Uroš Ilić, remains recognised as the leading lawyer in the field of Restructuring and Insolvency in Slovenia.

We are pleased that year by year we are recognised in this category with strong competition and still able to confirm our market position with our effort, experience and handling of high calibre matters.

For more information:


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