25
Sun, May
46 New Articles

Zamfirescu Racoti Vasile & Partners has advised Hagag Development Europe on the execution of a hotel management agreement with Radisson Hotel Group for the operation of Romania’s first Radisson RED hotel, set to open in Bucharest.

Greenberg Traurig has advised Manova Partners on the sale of the Zaulek Piekna office building in Warsaw to Syrena Real Estate. Wolf Theiss advised Syrena Real Estate. Addleshaw Goddard advised mBank as the financing bank.

The Extension of Time (EoT) mechanism is widely used in construction contracts to account for delays beyond the contractor’s control. However, under Serbian law, EoT is not a legally enforceable right even if explicitly agreed upon by the contracting parties. Instead, the legal framework provides contractors with protection through liability release provisions rather than proactive EoT claims. While legal theory suggests that standalone EoT claims could be admissible under specific conditions, Serbian procedural law and court practice currently do not support such claims. This paper explores the interplay between contractual provisions, Serbian statutory law, and procedural rules affecting EoT claims.

More Articles ...