BOSNIA & HERZEGOVINA Law and Practice Contributed by: Bojana Bošnjak-London and Ezmana Turković, Marić & Co
Marić & Co Mehmeda Spahe 26 71000 Sarajevo Bosnia and Herzegovina
Tel: +387 33 566 700 Fax: +387 33 566 704 Email: contact@mariclaw.com Web: www.mariclaw.com
1. Trends 1.1 M&A Market
production facilities, and fast-moving consumer goods (FMCG).
The M&A market in Bosnia and Herzegovina has experienced steady growth over the past 12 months. There is a rising interest among insti - tutional and private equity investors in a range of assets, from real estate and tourism to IT and energy. Although the current deal volume has not yet reached the record levels of 2018, activity is increasing, and it is anticipated that previous records will soon be surpassed. 1.2 Key Trends The main trends which marked the last 12 months in Bosnia and Herzegovina include efforts towards the alignment of Bosnia and Herzegovina’s framework with EU standards, including reforms in business regulations, envi - ronmental law, and human rights protections. These changes are part of the country’s bid for EU accession. Additionally, the judiciary and legal professionals are increasingly adopt - ing digital tools, such as e-registration of legal entities and electronic case management, to improve efficiency and accessibility. 1.3 Key Industries Various industries experienced M&A activity over the past 12 months, including real estate, IT,
2. Overview of Regulatory Field 2.1 Acquiring a Company Common methods for acquiring a company in Bosnia and Herzegovina include share purchas - es, asset purchases, mergers, tender offers, joint ventures (JVs), and squeeze-outs. The choice of acquisition method depends on factors like con - trol, risk, regulatory requirements, and strategic goals. In most cases, share acquisitions are pre - ferred as they facilitate the smooth continuation of business operations. 2.2 Primary Regulators Acquisition of shares in non-regulated compa - nies is subject to merger control (if the condi - tions are met) and registration of the acquisition with the competent court. Acquisition of shares in all regulated entities (banking, finance, insur - ance, etc) requires an approval of the regulator prior to closing the deal which is usually stipu - lated as a condition precedent in the transaction documents, as well as merger filing and registra - tion requirements.
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