The Serbian national competition authority (NCA) – the Commission for Protection of Competition – has announced it has started a gun-jumping investigation against Fortenova Group. The Serbian NCA is probing whether Fortenova acquired control of Agrokor’s assets without notifying the transaction in the merger control procedure.
Acquisition of portfolios of non-performing loans (NPLs) has been commonplace in Serbia for several years already. And an accompanying issue has been whether such acquisitions need to be filed to the Serbian national competition authority (NCA) for merger examination. Now, the NCA has resolved that issue, by issuing an opinion on the matter.
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Dr. Dragan Gajin is a competition law expert and an attorney admitted in Serbia and New York. He is a Partner and Head of Competition at Doklestic Repic & Gajin, a full-service law firm based in Belgrade, Serbia. Chambers Europe and Legal 500 EMEA recognize him as a leading competition/antitrust practitioner.