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Amendments to the Law on Patents (the “Law”) entered into force on December 23, 2021, upon publication in the Official Gazette of RS no. 123/2021 as of December 15, 2021. The amendments were initially enacted for alignment of the Law with the EU regulations on intellectual property, as well as for elimination of certain deficiencies observed in its application.

Mark Twain famously said "Never put off till tomorrow what may be done day after tomorrow just as well." Although procrastination usually does not have serious consequences, careful consideration is needed when enforcing IP rights. In its recent decision in case C‑186/18, the Court of Justice of the European Union ("CJEU") concluded that an unjustified delay in enforcing IP rights may result in the loss of a large part of the claim due to time-limitation.

On October 7, 2021, CEE Legal Matters reported that Kocian Solc Balastik had advised Czech technology accelerator AI Startup Incubator on its investment in US-Bangladeshi OpenRefactory. CEE In-House Matters spoke with Angelo Burgarello, Business Development Director at AI Startup Incubator, to learn more about the investment.

On 11 August 2021, the President of Ukraine signed Law of Ukraine “On Stimulating the Development of the Digital Economy in Ukraine” No. 1667-IX (“Law”). Most of its provisions became effective on 14 August 2021, introducing Diia City, a special legal regime for IT companies, and bringing changes beyond the IT industry.

On December 17, 2021, amendments to the Customs Law published in the Official Gazette of RS no. 118/2021 as of December 9, 2021 (the “Law”) entered into force. Outlined below is an overview of the key novelties, that were notably enacted for alignment with the changes introduced in the EU customs regulations.

On October 20, 2021, CEE Legal Matters reported that Kinstellar had advised 4i Capital Partners on its sale of Ukrainian online payment platform Portmone to Kazakhstan’s financial technology firm Kaspi.kz subsidiary Kaspi Pay. CEE In-House Matters spoke with Konstantin Vasiuk, Investment Manager at 4i Capital Partners, to learn more about the deal.

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