24
Sat, Jun
69 New Articles

In late December 2016, the Government of Serbia passed the new Decree on Terms and Conditions for Attracting Direct Investments. The Decree supplements the Law on Investments (2015), regulating in finer detail criteria, conditions and means of attracting direct investments, in particular granting of State incentive funds for investment projects. 

The rights and obligations of people who live in apartment buildings, maintenance of apartment buildings and relationships between the owners of apartments have never been regulated in Serbia comprehensively and in detail.

The latest amendments of the Law of Civil Procedure entered into force on 31 May, 2014. New efforts and the legislator's intent to make the civil procedure more cost-effective and more efficient can be seen from the initial provisions.

The system of administrative procedures in the Republic of Macedonia has been modernized by the incorporation of a completely new legal framework – the new Law on General Administrative Procedure.

The government project for decrease of the unemployment, which finished at April 2016, is now going to be repeated for a second time under the same name, “Macedonia Employs II”.

Rojs, Peljhan, Prelesnik & Partners (RPPP) has advised Enterprise Investors on the acquisition by the Polish Enterprise Fund VII, which it manages, of 100% of shares in sporting good retailer Intersport ISI in a carve-out transaction from Mercator Group. According to RPPP, "the value of the transaction is up to EUR 34.5 million and the transaction transaction is conditional upon obtaining customary regulatory approvals." RPPP — a member of the TLA alliance — reports that "all other TLA law firms from the region, including JPM Jankovic Popovic Mitic from Serbia, Tkalcic-Djulic, Prebanic, Rizvic and Jusufbasic-Goloman from Bosnia and Herzegovina, and Debarliev, Dameski & Kelesoska from Macedonia" were involved as well. Slovenia’s Jadek & Pensa and Serbia’s Prica & Partners advised Mercator on the transaction.

The relative success of the center-right Croatian Democratic Union in the September 11th extraordinary parliamentary election in Croatia “should be good for Croatia and good for business" reports Boris Savoric, Senior Partner at Savoric & Partners in Zagreb, if the party succeeds in forming a government with one of the minority parties in the country.

The Government of the Republic of Serbia enacted a new package of energy-related bylaws in June 2016, which, inter alia, regulate acquiring the status of privileged power producer and temporary privileged power producer, incentives granted to privileged power producers and the content of power purchase agreements between guaranteed suppliers and privileged power producers.

Non-performing loans (NPL) are one of the principal problems of Serbian banking sector.

Serbia boasts significant mineral resources including lignite, copper, lead, zinc and industrial minerals. Geographical location and diversity of Serbia’s mineral resources are without doubt conducive factors to future investments in the mining sector.

The new Law on General Administrative Procedure ("Official Gazette of RS" No. 18/2016), enacted on February 29, 2016, entered into force on March 9, 2016 ("the Law"). The Law will be applied from July 1, 2017, except for certain provision that will start being applied 90 days after the Law enters into force, i.e. from June 7, 2016.

The new Law on Consensual Financial Restructuring ("Official Gazette of RS“ No. 89/2015) which came into effect on November 4, 2015, began to be applied on February 3, 2016.

Page 1 of 2

Top-tier Legal Adriatic at a Glance

Top-tier Legal Adriatic (TLA) is a Vienna-based alliance of leading law firms operating in the Adriatic region. TLA is a dynamic association of independent business law firms with excellent local and international reputation, as demonstrated by top-tier rankings in leading global legal directories.

TLA provides a full range of legal services to foreign and domestic clients from various industries and assists them in establishing, building and maintaining their presence in the Adriatic region.

For multi-jurisdictional and local projects requiring reliable local law firms well-versed in the region’s emerging markets, TLA delivers highest standards of legal service and builds on its well-established track record of successfully completing landmark transactions across all major industries.  

Firm's website: http://www.toptierlegal.org/