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On May 31 and June 1, 2017, CEE Legal Matters was proud to host a rare event: A gathering of those senior lawyers from each Central and Eastern European country identified by peers as being most influential, most important, most uniquely responsible for having created the country’s modern commercial legal market.

Serbian national electricity company, Electric Power Industry of Serbia (“EPS”), is working actively on the development of systems for generation of renewables. Some of the most important ventures at the moment are construction of solar and wind farm in Kostolac, a small town in the eastern part of Serbia, as well as support to investments in the field of biofuels.

During the last year, the number of labor disputes which were resolved through mediation and arbitration in Serbia have increased fivefold. To improve the process of peaceful labor dispute resolution, amendents to the Amicable Labor Dispute Resolution Act (the “Act”) are expected.

JPM has advised the sellers of I.KOM, one of the largest cable TV, broadband Internet, and telephone industry providers in Serbia, on its takeover by SBB. The identities of the sellers — three SPVs ultimately owned by three private individuals — was not disclosed. Moravcevic Vojnovic and Partners in cooperation with Schoenherr advised SBB on the takeover.

“There is quite a lot going on, on both the political and economic sides” says Milan Samardzic, Partner at Samardzic Oreski and Grbovic law firm in Belgrade, although he concedes that, in the period leading up to the recent April 2 election (which resulted in the election of Prime Minister Aleksandar Vucic to President), much work has been put on hold. Indeed, Serbia has gone through two straight years of elections, Samardzic points out, causing the country a more extensive period of inactivity than might otherwise have been expected.

At the moment, data protection in Serbia is primarily regulated by the provisions of the Law on Personal Data Protection, enacted in 2008, with the last amendments from 2012 (the “Law”). Naturally, a number of other laws also regulate certain aspects of data protection, and these other laws are to be interpreted together with the basic principles and general rules of the Law.

Bad news for Euro pessimists! Serbia is about to open four new chapters in the negotiation accession process by July 1st. Namely, issues related to corporate law, intellectual property, foreign economic relations and customs are about to be discussed by the Serbian and the EU officials in the following months in order to adapt them to the requirements of the EU’s unified market and economic standards.

Despite a still-shaky business environment in the Adriatic region we have again experienced another very exciting year, which once made our transaction teams busier than they were the year before.

Zivkovic Samardzic has advised South Central Ventures (SCV) on its investment in CUBE Risk Management Solutions, a tech startup providing risk assessment, reporting and monitoring services, market analysis, and competition and trade intelligence to companies operating on, planning to expand into, or investigating their competition's presence on the Serbian market.

Serbia Knowledge Partner

Who we are

Karanovic & Partners is a regional legal practice in Southeast Europe with tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, Macedonia and Bosnia & Herzegovina. With more than 100 attorneys at law cooperating across the region, we take pride in our work, dedication and understanding of our clients' industries and needs.

What we do

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, startups and NGOs. We see our clients as long-term partners.

We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

What sets us apart?

In our company culture, excellence is a must. We are reliable, adaptive and fast.

Karanovic & Partners operates under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

All News about, and Legal Analysis by, Karanovic & Partners can be found here.

Firm's website: https://www.karanovicpartners.com/

 

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