Indecon Consulting

[Serbia] – Privatisation Advisory

• indecon •

Total Value

Large (> EUR 800K)

Consortium

N/A

Description

Advising the Serbian Ministry of Economy and Privatisation and later on the Serbian Privatisation Agency (SPA) on implementing the government’s privatisation program for SMEs and consequently in setting up the legal and institutional framework for the establishment of an effective privatisation agency. This included providing comments on the draft Law on Privatisation, the draft Law on the Privatisation Agency, the draft Law on Bankruptcy as well as drafting the sub Law (decree) on privatisation o SMEs through auctions. Once these laws came into effect and the Privatisation Agency was established, the project redirected its focus towards setting up the Privatisation Agency, i.e. designing the organisational structure, defining the profile for its staff and developing procedures on work and document flow including procedures for identifying, selecting, preparing and auctioning SMEs followed by designing and conducting a survey among privatised SMEs on privatisation impact.

Further topics were:

  • Advising on privatisation through auction sale of (planned) 7000 companies in Serbia resulting in successful sale of 1.600 companies;
  • Designing a concept for ameliorating the social impact caused by privatisation and restructuring related redundancy. Analysis of the labour policy, laws and market. In depth analysis of the regional structures for ameliorating unemployment (active and passive measures). Designing a concept to establish regional structures to coordinate and implement employment measures;
  • Designing and drafting procedures to monitor compliance of contractual obligations (contract monitoring);
  • Designing mechanisms for handling environmental liabilities in the context of privatisation;
  • Investor search and sales promotion;
  • In-depth cluster and sector analysis of privatisation impact and post-privatisation performance;
  • Development of a concept for setting up a bankruptcy department within the SPA to handle the cases of state and socially owned enterprises undergoing bankruptcy procedure;
  • Preparing and implementing internal procedures for administrating bankruptcy cases in line with the overall implementation of the newly defined legal framework
  • Advising on PR an marketing activities aiming on communication with the public and potential investors; design of a communication programme for public education

Type of Services Provided

  • Institution building and policy advice;
  • Advice on selection procedures and training of SPA employees;
  • Advising on privatisation through auction sale of (planned) 7000 companies resulting in successful sale of 1.600 companies (SMEs);
  • Designing and drafting procedures to monitor compliance of contractual obligations (contract monitoring);
  • Advising the Contract Monitoring unit on organisational and procedural issues; preparation and organisation of a study tour; design of a database for operational and analytical purposes;
  • Designing mechanisms for handling environmental liabilities in the context of privatisation;
  • Investor search and sales promotion;
  • Designing and conducting a survey among privatised enterprises (SMEs) about privatisation impact and post-privatisation performance (access to capital, skilled human resources and export markets) resulting in an in-depth cluster and sector analysis and formulation of policy recommendations to the government;
  • Support on drafting the Law on Bankruptcy;
  • Preparing and implementing internal procedures for administrating bankruptcy cases in line with the overall implementation of the newly defined legal framework;
  • Development of a concept for setting up a bankruptcy department within the Privatisation Agency to handle the cases of state and socially owned enterprises undergoing bankruptcy procedure and advisory support in its establishment;
  • Supporting and training insolvency administrators on corporate governance principles and their rights and duties in securing and identifying assets and valuables after opening of bankruptcy cases and on identifying the potential for “going concern”;
  • Consensus-building activities, i.e. organising and moderating round tables for judges and insolvency administrators to discussing different views and interpretations on how to implement the Law on Bankruptcy
  • Training measures for commercial Court judges and insolvency administrators;
  • Streamlining communication between government institutions;
  • Designing and implementing a concept for ameliorating the social impact caused by privatisation and restructuring related redundancy, reviewing of the labour policy, laws and market;
  • In depth analysis of the regional structures for ameliorating unemployment (active and passive measures);
  • Designing a concept to establish regional structures to coordinate and implement employment measures;