We are pleased to announce that Stankovic and Partners has once again been recognized by IFLR1000, a leading international legal market research organization specialized in the ranking of financial and corporate law firms and lawyers.

Our team has achieved a Tier 3 ranking in Financial and Corporate and a Tier 4 ranking in Project Development.

We are particularly delighted that two of our partners received recognition from IFLR1000 –  Nenad Stankovic was acknowledged as Highly Regarded, while Andjelka Zatezic was recognized as a Notable Practitioner, placing them among the elite practitioners in Serbia.

Our sincere gratitude goes to IFLR1000 for acknowledging our team’s hard work. Stankovic and Partners is, and will always be, committed to continuous improvement in order to deliver the highest quality of service to our clients.

For more information regarding the ranking, please see the following link:

https://www.iflr1000.com/Firm/Stankovic-Partners/Profile/5805#rankings

Stankovic & Partners is proud to announce that it recently assisted longstanding client SuperPadel Alliance with concluding a long-term strategic agreement between SuperPadel Alliance, the Croatian Padel Federation and the renowned Diagonal Padel Pro Academy in Madrid. This partnership marks a crucial step forward in promoting the game of padel in Croatia, and across the entire Adriatic region, facilitating collaboration between the Croatian Federation and one of the world’s leading padel academies, which is known for training some of the leading international players. The agreement was officially signed last weekend in Zagreb.

The team at Stankovic & Partners – led by Luka Marosiuk – handled all the legal aspects of this complex arrangement on behalf of SuperPadel Alliance. The matter involved multiple jurisdictions and raised a number of complex cross-border issues, which the team successfully navigated to ensure the seamless execution of this important agreement.

Legal 500 has been analysing the capabilities of law firms across the world with a comprehensive research programme designed to provide the most up to-date vision of the global legal market.

In addition to being ranked as a firm across the board, we are also proud to say that a number of members of our team have been ranked as recommended individuals by Legal 500. Senior Partner Nenad Stankovic, for example, has been acclaimed as a leading individual in the field of dispute resolution, while the work of Counsel Sara Pendjer in dispute resolution matters has also been highlighted in the next generation partners table. In addition Associate Tijana Milisic has once again been recognised as a rising star in the field of Commercial, Corporate and M&A.

The firm’s hard work and commitment to high-level client service is reflected by our overall rankings in Tier 2 for dispute resolution, and Tier 3 for banking and finance; commercial, corporate and M&A; competition; employment; intellectual property; projects & energy; and real Estate & construction.

Most importantly, however, are the many positive comments that were received from our clients during the research process, including that the team was ‘Ready to address every single project with a fresh perspective. They are always reachable and responsive, and show clients on a daily basis how important the client and the matter is to them.’ Also ‘The collaboration and connection they create with the client distinguishes them. Easy communication, great value for money, and very well-educated staff with high-level knowledge of local practices.’ It is good to know how much our clients appreciate the firm’s work.

The IBA’s “Cross-border enforcement of judgments against states – jurisdiction-by-jurisdiction guide”, which was published on 12 March 2024, covers 47 jurisdictions globally and is intended to outline the key requirements for enforcing a foreign judgment against a state entity. It contains essential insights into the complex realm of cross-border enforcement of judgments against states, including issues relating to the enforcement of a foreign judgement against a state in a another jurisdiction, state immunity, due process standards, service requirements and enforcement against state-owned property assets and the property of state-owned entities.

The firm’s involvement in this prestigious project underscores our commitment to providing clients with leading expertise in cross-border matters. As co-authors, we also believe that we have contributed to a resource that will serve as a valuable reference point for legal professionals worldwide who are grappling with the enforcement of judgments against states in diverse jurisdictions.

The link to access the publication on a jurisdiction-by-jurisdiction basis is available on the IBA’s website at https://www.ibanet.org/Cross-border-enforcement-of-judgments-against-states.

We are delighted to announce that once again Stankovic & Partners has been ranked highly in the Chambers Europe Guide! Published by Chambers and Partners on 14 March 2024, these prestigious rankings acknowledge the leading law firms and outstanding legal practitioners across multiple practice areas worldwide.

The NSTLAW team has again been recognised as a leading firm in Dispute Resolution, with Senior Partner Nenad Stankovic receiving a band 2 ranking, and Counsel Sara Penđer being ranked in band 3 in this field. We are also pleased to say that Nenad Stanković has been ranked in Corporate/Commercial: Real Estate, receiving a band 2 ranking, and in Employment, receiving a band 3 ranking.

Rankings are determined by client feedback received by Chambers and Partners, together with broader market feedback on teams. We are beyond pleased that our hard work has been recognised by our clients who expressed satisfaction with the exceptional service and responsiveness provided by the Stankovic & Partners team. One of our clients praised our team saying, “Very few law firms can offer that level of commercial awareness and grasp of practical issues that we find in Stankovic& Partners’ team. This is one of the main reasons that it remains our adviser of choice in the region.”

Prioritising excellence in client service is fundamental to our work at Stankovic & Partners, making it immensely gratifying to receive such accolades from both our clients and peers.

As part of its clampdown on public procurement bid rigging, the Serbian Commission for the Protection of Competition (CPC) recently handed down a decision in a bid rigging infringement case, for the first time ever reducing the fine after establishing that the conditions in an application for leniency submitted during the course of the proceedings had been met.

An analysis of the facts of the case led the CPC to conclude that the infringement had been intentional, which it weighed against the fact that the company had given its full cooperation in the investigation.

The application for leniency was filed on the same day as the dawn raid was carried out, and provided the Commission with information that had not been available prior to the initiation of proceedings. This pertained to the company’s specific business model and the role of a particular individual within the company in colluding with the other party involved.

As a consequence of this, the fines of the two parties to the restrictive agreements differed by more than 50%,

It is worth pointing out that the CPC established that three different restrictive agreements had been concluded in connection with three separate public procurement exercises, but that these, in fact, represented a single and continuous infringement, once again applying this well-established doctrine under EU competition law.

This case underlines the importance for companies of conducting effective internal audits relating to their day-to-day business operations, especially with regards to dealings with suppliers and customers. Audits should be followed up with regular compliance training programmes in order to raise awareness of the importance of competition rules for all businesses, whatever their sector.

NSTLAW proudly announces the appointment of our Senior Partner, Nenad Stankovic, as a board member of the Legal Netlink Alliance. Nenad has been an active member of LNA for 10 years, and has achieved this prestigious milestone at the recent reunion hosted in Malta. Legal Netlink Alliance provides for the unique opportunities to legal professionals, facilitating the exchange of experiences, sharing of legal practices, and the cultivation of meaningful friendships on a global scale.

Reflecting on his membership, Nenad expressed his deep gratitude for the enriching experiences within the LNA community. He emphasized the importance of fostering international connections and understanding diverse legal perspectives. As a testament to this commitment, Stankovic and Partners eagerly look forward to the next chapter in this global legal journey by organizing the upcoming LNA event in Belgrade. The firm is thrilled at the prospect of hosting colleagues from around the world, confident that this event will further strengthen the bonds forged through the LNA, promoting collaboration and knowledge exchange among legal professionals on an international stage.