Serbia: Schoenherr advises UniCredit Bank Serbia and Structured Invest S.A. on establishment of UniCredit Invest JSC, UCITS management company in Serbia

Recent legislative reforms in Serbia have shaped the country's regulatory framework for UCITS funds, drawing inspiration from the EU UCITS model. These updates have also been incorporated into the licensing process.

The establishment of the UCITS management company under this regime marks one of the first licensing processes of its kind in Serbia, representing a meaningful step toward aligning the country's capital markets with European regulatory practices.

As one of the pioneering implementations of this framework, the project sets a precedent for future UCITS fund management structures and contributes to the development of Serbia's investment fund market.

UniCredit Group is a pan-European Commercial Bank offering corporate, individual and payment solutions across its core markets of Italy, Germany, Austria, and Central and Eastern Europe. UniCredit serves approximately 15 million customers worldwide. Structured Invest is a management company under Luxembourg law and a 100 % subsidiary of UniCredit International Bank (Luxembourg) S.A.

The Schoenherr team was led by Matija Vojnović (partner) and further included Igor Živkovski (partner), Bojan Rajić (attorney at law), Aleksa Bošnjović (attorney at law), Stefan Dobraš (associate) and Ljiljana Medan (associate).