Corporate/M&A

Proposal for Amendments to the Companies Law – What Will be Different?

The Government of Serbia has recently adopted the Proposal for Amendments to the Companies Law (the “Proposal”), which official text states that its primary goal is to promote the protection of minority shareholders, in accordance with measures provided by the Action Plan of the Program for Improvement of Position of the Republic of Serbia on the World Bank’s Business List – Doing Business for the period 2020-2023. In addition, the respective novelties imply other changes as well, the most significant being those referring to the position of entrepreneurs, and court protection in case of business address abuse.

Sylwia Stepniewska-Idzior Joins SMM Legal as Partner, Head of German Desk

Former Pfeifer & Langen Poland Head of Legal Sylwia Stepniewska-Idzior has joined SMM Legal as a Partner and will head the firm’s German Desk.

Personal Income Tax Incentives and Capital Gains Tax Exemptions Proposed

The Government of the Republic of Serbia has recently proposed amendments to the tax laws, including amendments to the Law on Personal Income Tax (‘PIT Law’), Law on Mandatory Social Contributions (‘SSC Law’) and the Law on Corporate Income Tax (‘CIT Law’).

Alexandra Karachurina, Maria Borodina, and Vyacheslav Yugai Join Balayan Group

Alexandra Karachurina, Maria Borodina, and Vyacheslav Yugai have joined the Balayan Group as Partners in the firm's Corporate & Transactions practice.

International Franchise Handbook: Focus on Slovenia

Franchising may be an attractive proposition for many companies wishing to expand internationally. Take a look at this overview to discover the applicable franchise law in Slovenia, covering the essentials for franchisors, the relevant areas of law, selected aspects such as fees, and dispute resolution and applicable law.

SBH Law Offices Opens Office in Cyprus

Belarusian firm SBH Law Offices has opened a new office in Cyprus. The firm now offers its services in Belarus, Ukraine, and Cyprus.

Hungary: News About UBO Register

Hungary has introduced a UBO register in line with the EU’s 4th Anti-Money Laundering Directive by way of Act XLIII of 2021 on the Establishment and Operation of the Data Reporting Background for the Identification Tasks of Financial and Other Service Providers (“Act”). Certain provisions of the Act will come into force at a later date.