Preparedness and adaptability are the Serbian keys to doing business in a changing and challenging environment, according to Partner Andjelka Todorovic of Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss.
Amendments of the Tariff Methodologies in the Field of Natural Gas
The Energy Agency of the Republic of Serbia (“AERS”) adopted three decisions on amendments of the following methodologies, on its session held on 7 July 2022:
Schoenherr Advises Banca Intesa Beograd on Big Fashion Park Project Financing
Schoenherr has advised Banca Intesa Beograd on providing EUR 26 million loans to Israeli Big Group company Minel Kotlogradnja Real Estate.
Transfer of Copyright over the Work of Authorship and Computer Program ("Software") in Employment Relationship
Today, perhaps more than ever before, commercial use of Software is of great value and many Software developers design and develop Software for licensing or sale to end users, or those serving a commercial purpose in an ever-growing market.
NSTLAW Represents Apatinska Pivara and Trebjesa on Obtaining Competition Exemption for Distribution
NSTLAW has represented Molson Coors Group members Apatinska Pivara and Trebjesa on obtaining a competition exemption for a distribution agreement of Guinness beer.
BDV and BD2P Advise Infobip on Acquisition of Netokracija
Batarelo Dvojkovic Vuchetich and Bojovic Draskovic Popovic & Partners have advised Infobip on its acquisition of Netokracija.
Freshfields and BDK Advise One Equity Partners on Acquisition of Fortaco
Freshfields Bruckhaus Deringer and BDK Advokati have advised One Equity Partners on its acquisition of the Fortaco Group from Nordic investor Capman. Reportedly, Krogerus advised One Equity Partners in Finland.
The New Serbian Legal Framework for Internships to Be Adopted
At the end of 2021, a public debate was held in the National Assembly on the Draft Law on Work Practice. The Draft itself is a reaction to relatively unfavourable basic labour market indicators, which predict that young people in Serbia lag behind their peers in the EU by 10%.
BDK Advokati Advises Epam on Serbian Expansion
BDK Advokati has advised Epam Systems on the acquisition of IP assets and takeover and integration of employees of Serbian IT company Vivify Ideas. Drazic Beatovic & Stojic reportedly advised sellers Goran Prijic, Nedeljko Damnjanovic, and Milos Janjic on the deal.
New Grounds for Payment of Fees to Holders of Copyright and Related Rights
Regulation on Amendments to the Regulation on Establishing the List of Technical Devices and Objects subject to Mandatory Payment of Special Fee to Holders of Copyright and Related rights was published in the Official Gazette of RS no. 49/2022 from 21 April 2022, and it entered into force on 29 April 2022. The respective piece of regulation has extended the list of technological devices for reproduction of audio and visual contents from the domain of copyright and related rights, i.e., for which, upon their purchase, a certain fee shall be paid (“the Regulation”).
Recovery and Development Investment Program – Another Try Towards Encouraging Economic Development
The Government of the Republic of Serbia enacted the Decree on Establishing the Investment Program “Recovery and Development” (the “Program”) to establish a new credit line for the allocation of favourable credit funds to entities for the implementation of new investments, which will accelerate the recovery and growth of economic activity in the Republic of Serbia in difficult economic conditions caused by the SARS-CoV-2 virus.
Srdjan Sisic Joins One as Chief Corporate Affairs Officer
Srdjan Sisic has relocated to Montenegro to join One Crna Gora as its Chief Corporate Affairs Officer.
ODI and Selih & Partnerji Advise on Gorenjska Banka and SKB Banka Financing for Don Don Group
ODI Law has advised Gorenjska Banka and SKB Banka on a cross-border syndicated project financing and debt refinancing for the Don Don Group. Selih & Partnerji advised Don Don.
NKO Advises CTP on Third Acquisition of Land in Novi Sad Within 12 Months
NKO has advised CTP on its acquisition of land in Kac, the suburb of Novi Sad, intended for industrial development.
Manner of Keeping Records and Reporting on Gender Equality Implementation
On 25 June 2022, the long-awaited Rulebook on Keeping Records and Reporting on Gender Equality Implementation entered into force, and it was published in the Official Gazette of RS no. 67/2022 (“the Rulebook”). The respective piece of regulation prescribes the template on which employers, public authorities and gender equality bodies record data categorised by gender, as well as the content and manner of submitting reports on implementation of gender equality within the stated entities, as well as political parties and syndicates.
Harrisons Advises Claret Capital Partners on Investment in Devtech
Harrisons, working with Norgren Legal, has advised Claret Capital Partners on its EUR 12.25 million investment in Devtech. MBM Commercial reportedly advised Devtech.
NSTLAW Advises on Lotika and TMB Diamond Vocar Partnership
NSTLAW has advised both Lotika Mokra Gora and TMB Diamond Vocar Pancevo on their partnership for the production of organic food and beverages.
Serbia: Current Overview of Public-Private Partnerships
The Law on Public-Private Partnership and Concessions of the Republic of Serbia (Law) defines public-private partnership as a dynamic and developmental process of financing infrastructure projects, which represents a form of cooperation between government bodies and the private sector, intending to modernize the infrastructure and improve the provision of public services.