1. Summary of private placement provisions for fund interests (if applicable) Definition of a “private placement” There is no explicit definition of “private placement” under Slovenian national...

1.  EEA AIFMs Distribution to Professional Investors  EU AIFMs may perform management and marketing activities in Slovenia on a freedom of services and / or branch basis.  EU AIFMs may exercise passport...

1. EEA UCITS Schemes The notification procedure for marketing of units of UCITS established in another Member State in Slovenia is regulated by the Investment Funds and Management Companies Act (Zakon...

Guarantees 1. Can an intercompany guarantee be granted? Security 4. Can a security interest be granted in the following type of asset? Perfection 8. In order to be enforceable against third parties, must...

Environmental, social, and ethical criteria will define the future of Austria’s real estate sector

De­veloper­In­vestorOwn­er De­veloper/Con­struct­or 1. What are the currently applicable emission reduction goals and relevant  provisions for green real estate developments? Buildings produced 8.1M tons...

The state of the real estate transaction market in Europe The new CMS European Real Estate Deal Point Study 2023 now includes more than 2,500 transactions. Compiling the study involved comparing all the transactions on which we advised in the period 2010 to 2022, enabling us to highlight developments and trends in the real estate market. The market response to our study indicates that over the years it has repeatedly proved to be a valuable tool when preparing for contract negotiations. CMS’ analysis of the real estate market in 2022 revealed the following key trends

1. Due diligence costs for the purchase of real estate 1.1 Municipal search Cost Issuance of the registry excerpts / copies of cadastral plans, maps and zoning information: administrative fee EUR 3...

Effective immediately, CMS Croatia and CMS Slovenia are each promoting one senior associate to partner, and CMS Slovenia is also promoting one to counsel. Mia Kalajdžić, formerly senior associate in the employment as well as the real estate and construction teams in Croatia, will now head the Croatian Employment Practice Area Group. Saša Sodja, formerly senior associate in the corporate and M&A team in Slovenia, will now head the Slovenian Corporate and M&A Practice. Irena Šik Bukovnik from Slovenia has been promoted to counsel and will continue to focus on banking and finance and restructuring matters. Mia Kalajdžić has close to a total of 10 years’ experience and six years of post-qual­i­fic­a­tion experience, mostly in employment law matters, advising international groups and companies on the full scope of employment and labour matters, whether they arise from daily work or from transactional and restructuring matters. Mia’s assistance to the management board members and HR departments is often strategic, including high level of implementational and operational support. CMS Croatia is Mia’s first law firm. Saša Sodja is a legal professional with more than 15 years of hands-on experience advising international and local clients in the legal sector. She has played an active role in most of the local and cross-border capital market transactions as well as mergers and acquisitions engagements handled by the Slovenian team. Saša provides all-round support and advice to clients from various industries all the way from organising and managing an M&A deal team to post-merger integrations. On top of regular legal engagements, Saša is also involved in activities that are shaping the future development of our firm such as sustainable business, a mentorship programme and last but not least di­git­al­isa­tion. CMS Slovenia has also promoted Irena Šik Bukovnik to the position of counsel for the firm in its Banking & Finance practice. Irena is a long-serving lawyer with CMS. She has more than 10 years of working experience in the legal branch, is a holder of an LL.M. from the University of Virginia School of Law and is a member of the New York State Bar. Irena has expertise in banking & finance, insolvency & restructuring. Commenting on the appointments, Gregor Famira, Managing Partner of both CMS Croatia and CMS Slovenia, said: “With these promotions we are acknowledging high motivation, exemplary know-how, team spirit, innovative mindsets and a client-focused approach—the qualities CMS is looking for in their future leaders. Congratulations to all three of them.”Mia Kalajdžić commented: “I see my promotion to the position of partner as an honour and a responsibility, both towards our clients and my CMS team. I very much look forward to my future path in the firm and am excited about the challenges ahead.”Saša Sodja said: “I see my appointment as partner not just as an honour but also as recognition that I have the trust both of my team as well as my superiors and the wider CMS network. I'm ready for the future: I expect to see changes in the way law firms operate and, having become a partner, I am delighted that I will be able to play an even greater part in this.”

Recent work highlights Planning and environmental Supported the client in the intended purchase of real estate located in Dravlje designated for development of several multi-occupancy accommodations in matters of the process of obtaining the construction permit. (Strabag)Advised a large international construction company in the office building development project in Ljubljana worth €18m. Represented Thales in voluminous infrastructure public procurement procedure in Slovenia. Construction and development Supported the client in land plot acquisition process, project development of a high-tech logistic centre near Ljubljana Airport and with the lease of the business centre. Advised the client on development of a logistic centre near Ljubljana Airport. Advised Strabag during intended purchase of a real estate located in Dravlje. Advised the client in the process of acquisition of real estate located in Tehnološki park. Advised an international real estate developer on land acquisition and the development of a high-tech business park (investment value €50 – 80m). (Confidential) Advised one of the biggest international construction companies on development of an office building on primer location in Ljubljana (value above €15m). Investment and disposal Advised the largest Slovenian asset management company, KD Funds and Peakside Polonia Management in the acquisition of 100% shares in a company owning a big retail property in Slovenia. Supported the largest Slovenian asset management company, KD Funds and Peakside Polonia Management in the acquisition of 100% share in a company owning a prominent office building in Ljubljana city centre. Advised STRANKA AEMONA1 in sale process of office building in Ljubljana. Managers and occupiers Advised UK’s Number One sports retailer on termination and prolongation of numerous lease agreements including representation in connected court proceedings. Advised Revatas acting as a lessor on amendment and prolongation of lease agreements for retail premises in Ljubljana and Koper rented out to OBI. Advised Barcelo in negotiation and drafting process of a long-term triple-net lease agreement for a hotel on a prominent location in Ljubljana. Financing Advised Strabag in respect to complex restructuring of the loan for a real estate development project. Advised a consortium of banks (UniCredit Bank Austria AG, Unicredit Banka Slovenija d.d.) in financing of the acquisition of 15 commercial real estates in Slovenia. Advised Immofinanz in the process of acquisition of the asset management company which owned some of the major retail centres in Slovenia.