NSTLAW provided assistance to the EBRD in preparing the Business Re-organisation Assessment for Montenegro.

This assessment focusses on the re-organisation procedure according to Montenegrin legislation. In this way the Bank and investors are informed about what they can expect when investing on a company in reorganization. According to the assessment, average duration of business reorganization in Montenegro is from six to nine months. Further, according to the data available from the website of the Commercial Court in 2020 there were 437 initiated bankruptcy proceedings, while there is no indication of the number of initiated re-organisation proceedings.

For more information please visit https://www.ebrd-restructuring.com/

NSTLAW advised the Rustler Group and its Serbian affiliate Hauzmajstor d.o.o. as well as local management on its Corporate Restructuring where manager entered the ownership structure of Hauzmajstor d.o.o.

The deal comprised of an existing Executive Director purchasing an equity interest in the company from its Austrian investors, new Corporate Governance and Shareholders Agreement.

Hauzmajstor d.o.o. is a real estate company managing assets of € 2.5 billion and one of the pioneers in the field of property facility management. Hauzmajstor d.o.o. is member of the well-known Austrian Rustler group. The Rustler Group is one of Europe’s main real estate service providers, boasting a turnover over € 50 million, an estimated € 10 billion of assets under management and more than 500 employees.

NSTLAW continues to provide legal support post deal and advises high net worth individuals and families worldwide with the accumulation, management, transfer and protection of personal wealth.

The team was led by Luka Marosiuk, Associate.