Živković Samardžić Law Office is an active member of the Association of European Lawyers (AEL). With the postponement of Special Interest Group (SIG) Days due to the coronavirus outbreak, on November 5, 2020 AEL organized virtual meeting of the M&A Special Interest Group to discuss current trends in M&A and restructuring & insolvency as a result of Covid–19, with more than 30 participants from different member firms in attendance.
The crisis is likely to lead to increased levels of certain types of work with cross-border aspects, including restructuring & insolvency and M&A projects involving those companies which are particularly badly affected by the economic downturn. It seems that there would be mutual benefits in connecting firms within the AEL network to exchange experiences and thinking on business development opportunities in these areas. AEL is also considering arranging similar virtual meetings to discuss the impact of COVID-19 in other specialist areas, such as competition and tax as part of the activities of the SIGs for those areas.
Igor Živkovski, Živković Samardžić Corporate and M&A Partner, had an opportunity to explain the legislative environment regarding the stability of the Serbian banking system, the reaction of banks on such rules and alleviating measures granted to the banks by the Government.
Živković Samardžić Law Office is grateful to AEL for bringing together expert lawyers across member firms, to collaborate in relation to the COVID-19 crisis.