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Portrait of Marija Tešić

Marija Tešić

Partner
Belgrade

Petrikić & Partneri AOD
in cooperation with CMS Reich-Rohrwig Hainz
Krunska 73
11000 Belgrade
Serbia
Languages Serbian, English

Marija Tešić specialises in corporate/M&A, insolvency & restructuring and capital market law and can draw on many years of experience in advising international companies in Serbia on various legal matters.

She has advised some of the most prominent international companies in the starting up and restructuring of their business operations in Serbia. She has participated in, as well as led her own legal team in advising clients in some of the most significant cross-border transactions in Serbia and Montenegro, in the retail, telecommunications and manufacturing sector. She is also highly experienced in matters regarding status changes, takeover bids and mandatory squeeze-out or delisting procedures.

She has been with the company for almost a decade and after numerous engagements completed to clients’ satisfaction, she became a local partner in 2015. Throughout numerous significant and demanding projects, she has taken a key role in coordinating legal teams and in communication and presenting before the clients.

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Memberships & Roles

  • Serbian Bar Association
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Education

  • 2008 Bar Admission (Belgrade, Serbia)
  • 2006 Faculty of Law, University of Belgrade
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29/12/2021
Cor­por­ate le­gis­la­tion in Ser­bia march­ing to­ward di­git­al­isa­tion
The end of 2021 has brought us amend­ments of both the Com­pany Act and the Law on Re­gis­tra­tion Pro­ced­ure with the Ser­bi­an Busi­ness Re­gisters Agency.Most of the amend­ments have been ad­op­ted with the aim of either fur­ther di­git­al­iz­ing or en­sur­ing more trans­par­ency and safety in the busi­ness en­vir­on­ment in Ser­bia.Apart from the amend­ments deal­ing with pro­ced­ur­al or tech­nic­al mat­ters (e.g. pro­ced­ure for the cor­rec­tion of tech­nic­al er­rors, broad­en­ing the cat­egory of ap­plic­ants, etc.), ma­jor amend­ments to the Law on Re­gis­tra­tion Pro­ced­ure refer to fur­ther di­git­al­iz­a­tion:start­ing on 16 May 2023, the ap­plic­a­tion for the in­cor­por­a­tion of a com­pany will only be pos­sible on­line (elec­tron­ic ap­plic­a­tion), and de­cisions of the Re­gistry (to e-ad­min­is­tra­tion users) will be de­livered to users’ elec­tron­ic mail­boxes;start­ing on 16 Novem­ber 2022, cer­ti­fic­a­tion of a di­git­ized act (i.e. con­firm­a­tion of its iden­tity with the ori­gin­al) may be per­formed by at­tor­neys-at-law.Amend­ments to the Com­pany Act are wider in scope and in­clude, among oth­er things:more de­tailed pro­ced­ures for re­port­ing on the trans­ac­tions in­volving a per­son­al in­terest and on forced li­quid­a­tions;the an­nul­ment and the con­sequences of the an­nul­ment of share trans­fer agree­ments;re­mov­al of the double sig­na­ture rule re­stric­tion for com­pany rep­res­ent­at­ives, as well as the re­mov­al of the ob­lig­a­tion for a com­pany to have at least one rep­res­ent­at­ive that is a nat­ur­al per­son;pro­hib­i­tion on en­tre­pren­eurs us­ing the term “Ser­bia” in their busi­ness name;reg­u­la­tion of the value of the share cap­it­al of the com­pany upon its ac­quis­i­tion with­in the bank­ruptcy pro­ced­ure (i.e. a price paid);ex­pli­cit state­ment that treas­ury shares can­not be sub­ject to a pledge.Mat­ters re­lated to in­sti­tu­tion­al in­vestors, as­set man­agers and vot­ing ad­visers are reg­u­lated, but the ap­plic­a­tion is post­poned un­til the ac­ces­sion of Ser­bia to the EU.However, there are also changes that re­quire har­mon­iz­a­tion or at least amend­ments in terms of the cur­rent re­gis­tra­tion re­gime:Com­pan­ies must be­come users of the E-ad­min­is­tra­tion plat­form no later than 26 May 2023;By 26 Novem­ber 2022, a com­pany’s re­gistered seat must con­tain an in­dic­a­tion of the city, mu­ni­cip­al­ity, street, house num­ber, floor, apart­ment; pub­lic joint-stock com­pan­ies must ad­opt re­mu­ner­a­tion policies, keep a re­cord of and re­port on the re­mu­ner­a­tion of dir­ect­ors;Start­ing from 1 June 2022, for re­gis­tra­tion of nat­ur­al per­sons (as share­hold­ers, dir­ect­ors, etc.), their gender must be in­cluded and re­gistered as well.While di­git­al­iz­a­tion is ob­vi­ously an in­ev­it­able fact and a “one-way street”, it re­mains to be seen how smoothly the mech­an­isms en­vis­aged by the rel­ev­ant amend­ments will op­er­ate in prac­tice.
21/12/2021
CMS ad­vises com­cross share­hold­ers on sale of shares to H.I.G. Cap­it­al port­fo­lio...
Stut­tgart – The share­hold­ers in the com­cross Group have sold shares in the com­pany to In­frat­ech Bau, a port­fo­lio com­pany held by H.I.G. Cap­it­al. With a cur­rent work­force of over 200, com­cross is a lead­ing...
03/11/2021
CMS Bel­grade sup­ports Ger­man on­line bank N26
We, at CMS Bel­grade, ap­pre­ci­ate the op­por­tun­ity to sup­port start-ups with a strong vis­ion, such as re­tail neo­bank N26. CMS Bel­grade Man­aging Part­ner Ra­divo­je Pet­rikić, early re­cog­nised the po­ten­tial of N26 and with his team of loc­al part­ners Mar­ija Tešić and Maja Stepan­ović, and seni­or tax law­yer Ivana Blago­jević, sup­por­ted them with the ac­quis­i­tion of a Ser­bi­an fintech, thus en­abling fur­ther ex­pan­sion of N26 op­er­a­tions in glob­al mar­kets.   This fast-grow­ing neo­bank from Ger­many has an in­spir­ing motto: to be the first mo­bile bank the world loves to use! As it seems, they are liv­ing up to their motto, since N26 has already wel­comed more than 7 mil­lion cus­tom­ers in 25 mar­kets for only 6 years, and has just raised a USD 900 mil­lion Series E round at a USD 9 bil­lion valu­ation of the com­pany. In ad­di­tion to Cent­ral Europe op­er­a­tions, they are now eye­ing op­por­tun­it­ies in East Europe, and open­ing an of­fice in Ser­bia is an im­port­ant step in their plan.   We are look­ing for­ward to as­sist­ing the in­nov­at­ive mo­bile bank with achiev­ing their goal of be­com­ing one of the biggest re­tail banks in Europe. 
12/10/2021
Leg­al guide for com­pany dir­ect­ors and CEOs in Ser­bia
This guide fo­cuses on the du­ties and re­spons­ib­il­it­ies of dir­ect­ors of lim­ited li­ab­il­ity com­pan­ies (LLCs) es­tab­lished in Ser­bia in ac­cord­ance with the Com­pan­ies Act (Of­fi­cial Her­ald of the Re­pub­lic of...
21/12/2020
CMS Ad­vises Po­s­eidon Group And Mit­iska Re­im On The Sale Of Their Ser­bi­an...
The CMS Ser­bi­an and Aus­tri­an team has ad­vised the sell-side, UK-based Po­s­eidon Group and Bel­gi­um’s Mit­iska RE­IM, on the di­vest­ment of their en­tire port­fo­lio of re­tail parks in Ser­bia to Aus­tria’s...
23/04/2020
CMS Bel­grade hosts a we­bin­ar: Leg­al chal­lenges in the sup­ply chain from...
On 22 April 2020, CMS Bel­grade hos­ted a we­bin­ar to present some of the most com­mon prob­lems in prac­tice caused by the COV­ID-19 pan­dem­ic in Ser­bia. The aim was to help com­pan­ies in the sup­ply chain face...
15/04/2020
When an M&A deal is stuck by the pan­dem­ic - is MAC clause use­ful?
M&A trans­ac­tions, in most cases, re­quire a cer­tain peri­od between sign­ing and clos­ing when the parties ob­tain ap­provals from au­thor­it­ies, sellers can se­cure fin­an­cing or try to re­solve prob­lems, etc...
23/12/2019
CMS Bel­grade ad­vises Po­s­eidon Group and Mit­iska RE­IM on the sale of Bel­grade's...
CMS Bel­grade has ad­vised the sell-side, Bri­tain’s Po­s­eidon Group and Bel­gi­um’s Mit­iska RE­IM, on the di­vest­ment of Cap­it­ol Park Rakovica, the largest re­tail park in Bel­grade, to Is­rael’s BIG CEE...
09/12/2019
Pro­posed amend­ments to the Ser­bi­an Com­pany Act – par­ti­cip­a­tion of em­ploy­ees...
After the ex­tens­ive amend­ments to the Com­pany Act that came in­to force in June 2018 and par­tially this Oc­to­ber (2019), the Min­istry of Trade has pro­posed some new amend­ments. This time the amend­ments...
02/10/2019
CMS Bel­grade sup­ports OTP Bank in clos­ing the deal to buy So­ciété Générale’s...
CMS Bel­grade has as­sisted OTP Bank Group in the ac­quis­i­tion of So­ciété Générale Bank Ser­bia, Ser­bia’s fourth biggest bank in as­sets, third in the volume of lend­ing and fourth in total de­pos­its...
08/04/2019
CEE Leg­al Mat­ters Deal of the Year Awards for CMS Ser­bia and CMS Bos­nia-Herzegov­ina
We are proud to an­nounce that CMS Ser­bia and CMS Bos­nia-Herzegov­ina ad­vised on two trans­ac­tions in 2018 which were se­lec­ted as the win­ning deals at the CEE Leg­al Mat­ters award ce­re­mony in Bud­apest on...
21/03/2019
IJ Glob­al re­cog­ni­tion and Award for European deal of the year for Air­port...
The Bel­grade Air­port Con­ces­sion, a trans­ac­tion ad­vised by CMS Bel­grade, awar­ded the European Air­ports Deal of the Year 2018 by IJ Glob­al Awards, in Lon­don!  ​ IJ Glob­al, the mar­ket in­tel­li­gence plat­form...