Karanovic & Partners has advised Founders Jasmina Knezevic and Milan Knezevic on the sale of a 70% share in Bel Medic to Acibadem Healthcare Group. Prica & Partners and Esin Attorney Partnership advised Acibadem on the deal.

The Law on Electronic Invoicing entered into force on 7 May 2021 (“Official Gazette of the RS“, no. 44/2021). It obliges public and business entities to use the system of electronic invoices for issuing, sending, receiving and storing electronic invoices. On July 9 2021, the government adopted a set of bylaws necessary to implement the law.

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

On 24 May 2021, the National Assembly of the Republic of Serbia adopted the amendments to the Law on Planning and Construction (“Official Gazette of the RS”, No. 52/2021), which entered into force on 25 May 2021.

DLA Piper has advised Gazprom Export on the acquisition of Centrex Europe & Energy Gas AG from Gazprombank.

The standard approach in cases involving abuse of dominant position implies that the competition authority determines the market influence of the company due to which it can operate in the relevant market to a significant extent independently of other market participants and, provided that the company has a dominant position, whether its actions result in abuse of such position. The standard approach came naturally in markets that are geographically and economically limited. The core of the principle is that the public authority reacts ex-post (after the event) to abuses, by imposing the obligation to terminate anticompetitive practices or imposing penalties for prohibited behaviour.

The Law on the Protection of Business Secret (Official Gazette of RS, no. 53/2021, “LPBS“) entered into force on 5 June 2021 and it completely repealed the previous law that regulated this matter.

Zivkovic Samardzic has advised on the merger of Eurobank a.d. Beograd with Direktna Banka a.d. Kragujevac, via an absorption of Direktna by Eurobank Serbia. GO2Law advised Direktna on English law matters, with Milbank advising both banks on English law. Schoenherr reportedly advised Eurobank Serbia on the deal as well.

The National Assembly of the Republic of Serbia adopted the Law on Amendments to the Law on Electronic Document, Electronic Identification and Trust Services in Electronic Business (hereinafter "Amendments to the Law"), on May 20, 2021.

Allen & Overy has advised CEE betting and gaming operator Fortuna Entertainment Group N.V. and its subsidiaries, on an up to EUR 551 million refinancing for the group. RTPR, Ilej & Partners, in cooperation with Karanovic & Partners, Athos Demetriou Associates, and Carey Olsen advised the group in Romania, Croatia, Cyprus, and Jersey, respectively.

NKO Partners has advised CTP on the acquisition of land from the City of Novi Sad.

Schoenherr has advised Swiss-based media company Ringier on the acquisition of a majority stake in Bulgarian sports news portal z Sportal Media Group – and an affiliated IT company behind the international Sports Content Management System, Sportal365 – Digital Ventures OOD. Jordanov, Valkov & Partners advised the seller, Mr. Angel Stoyanov Shishkov, on the deal.

Former Senior Associates Ivan Ljubisavljevic and Sava Pavlovic have been promoted to Partner at Zivkovic Samardzic, as of July 1, 2021.

The global crisis, which arose as a consequence of the COVID-19 pandemic, brought light, among other things, to the weaknesses of the Serbian public health care system. The daily mass collection of a person’s data on health – which, according to the Serbian Data Protection Act, is considered particularly sensitive data – became a regular occurrence during the pandemic.

The Law amending the Law on Excise (Official Gazette of RS, no. 53/2021) entered into force on 5 June 2021 and its novelties refer to the excise for alcoholic beverages. 

In the last decade, we have witnessed a significant transformation in the area of transportation services. Several new transportation service providers have entered the market, the offer has increased considerably, and accordingly, the price of the service has decreased. On every corner of the global metropolis, you can see a car of a different transportation company (Yandex, Uber, Cargo…) and customers are now able cheaper than ever move from point A to point B. Private transportation providers have higher profits than ever, and everyone seems to be pleased.

Vulic Law has advised dairy product company Mlekara Sabac on the construction of a factory in Russia.

The Law amending the Law on Mining and Geological Exploration (Official Gazette of RS no. 40/2021) entered into force on 30 April 2021 and most important changes refer to specification of certain solutions and more detailed normative regulation of individual issues, harmonisation with legal regulations in the field of environmental protection, introduction of e-business etc.