After a long wait and numerous criticisms from the private sector and NGOs, Serbia has adopted the Law on Agency Employment (the “LAE”) which starts to apply from 1 March 2020. The purpose of the law is to provide equal treatment for employees leased by agencies to employers.
Building a successful in-house legal department involves selecting the right people for the right positions, deciding which lawyers to assign to which tasks, instructing and training them, convincing them to work as a cohesive unit rather than a bunch of individuals, and of course addressing and resolving conflicts and crises – all while fulfilling the critical function of legal advisor to the rest of the company. It’s not easy.
Concerns about how the legal profession will be impacted by the ongoing technological revolution are rampant across the industry. Artificial intelligence, distributed ledger technology (blockchain), and robots, among other things, are already altering the way lawyers serve clients in fundamental ways, and the influence of these new tools and technologies will almost certainly increase in years to come.
In addition to their traditional role guiding companies through legal and regulatory waters and managing disputes, General Counsels are increasingly called upon to provide input on strategic matters. An expert panel at the second annual Balkan GC Summit considered how this change in the nature of the General Counsel role is manifesting itself in the countries of the former Yugoslavia.
A new procedure in our judiciary system was recently implemented through changes to the Enforcement and Security Act (“Act”) – the procedure of voluntary debt settlement before Public Bailiffs, prior to enforcement procedure. The procedure of voluntary debt settlement is also regulated by the Rulebook on the procedure of voluntary debt settlement before enforcement proceedings (the “Rulebook”) that was enacted on 1 January 2020. Compared to the Act, the Rulebook manages the procedure of voluntary debt settlement in a much more concise and clear manner.
CMS has advised Turkey’s DenizBank and Ziraat Bank on a loan of approximately EUR 220 million to the Ministry of Construction, Transport, and Infrastructure of the Republic of Serbia for the design, construction, and/or reconstruction of the Novi Pazar-Tutin, Sremska Raca-Kuzmin, and Pozega-Kotroman sections of the motorway and a bridge over the River Sava.
JPM Jankovic Popovic Mitic provided legal support to Gastrans d.o.o., Serbia (a 100% subsidiary of a OAO Gazprom and Srbijagas joint venture) on the construction of Gazprom's 400 km long Turkish Stream gas pipeline through Serbia, which Srbijagas Director Dusan Bajatovic has recently declared complete.