Zivkovic Samardzic has advised Israeli company Sizmek Technologies Ltd. on Serbian aspects of Amazon's acquisition of Sizmek’s ad serving and dynamic content optimization businesses.
Throughout its history, Serbia, located as it is at the intersection between major trading centers, has been recognized as a point of utmost importance in terms of transportation, and it remains so today. This requires constant improvement in transportation conditions and compliance with European Union regulations. In order to meet these requirements, the General Master Plan for Transport in Serbia (TMP) was adopted in 2009, providing the guidelines and plans for each transportation sector until 2027. The TMP is also the platform for current and future transportation-related projects, irrespective of the funding modality.
“The main thing, politically, is the upcoming Parliamentary elections set for this April,“ says Dragoljub Cibulic, Partner at BDK Advokati in Belgrade. “We’re entering a period of increased political instability, especially given the announced boycott of the elections by the major opposition block. The boycott is rooted in the imbalance on the Serbian political scene, which is heavily dominated by the ruling party. Opposition parties are cut-off from the mainstream media, the ruling party wields tremendous financial power from close ties with the privileged local business caste, and state institutions crucial for a functioning democracy have been hijacked and submitted to the interests of the ruling party.“
The rising importance of data protection practice inevitably affects even those who intentionally want to ignore it. There is already an infinite quantity of material about the new data protection regime. The practice is getting richer every day, which makes the interpretation of the existing legislation even more complex. As in other areas of law, there are no shortcuts. It is not possible to read from one specific source and to immediately get to the point of at least general understanding.
According to the Public Debt Act (Zakon o javnom dugu) of the Republic of Serbia, the Minister of Finance manages the country's public debt by (i) entering into transactions that would reduce or eliminate currency risk, interest rate risk and other risks, (ii) deciding on the sale and purchase of foreign currencies, and (iii) managing cash balances on the Republic of Serbia's treasury accounts. The aim of public debt management is to provide the means for regular servicing of budgetary needs at the most favourable conditions and cost of financing, with an acceptable level of risk.
Schoenherr lawyers Pawel Halwa and Thomas Kulnigg have been promoted to Equity Partner as part of the firm's annual promotion round, and lawyers Constantin Benes, Leon Kopecky, Guenther Leissler, Laurenz Schwitzer, Manuela Zimmermann, Georgiana Badescu, Madalina Neagu, and Milos Lakovic have been promoted to Contract Partner.