12
Wed, Aug
52 New Articles

The National Bank of Serbia announced moratorium on all debts towards banks and finance lease providers as a measure to preserve stability of the financial system of Serbia. The measure is part of actions undertaken by Serbian authorities during the declared state of emergency to fight the coronavirus.

The state of emergency due to COVID 19 pandemic was proclaimed in the Republic of Serbia on March 15th 2020, and the Decree on Measures during the State of Emergency („Official Gazette of RS“, no. 31/2020 dated March 16th 2020) and the Decree on Organization of Work with the Employer during the State of Emergency („Official Gazette of RS“, no. 31/2020 dated March 16th 2020), both aiming to regulate in more detail the effects of introduced state of emergency, followed right after. Decrees do not regulate the duration of the state of emergency, whereas the Constitution of the Republic of Serbia prescribes that the state of emergency may last up to 90 days, and it may be renewed under the same conditions upon the expiry of the 90 day deadline.

Pursuant to the Decree on Organizing the Work of the Employers during a State of Emergency (“Official Gazette of the RS” No. 31/2020), each employer is obliged to enable employees to perform work outside the premises of the employer (working remotely or working from home), at all workplaces where this type of work organization is possible. Equal obligation is foreseen also in the Serbian Labor Law (“RS Official Gazette”, No. 24/2005, 61/2005, 54/2009, 32/2013, 75/2014, 13/2017 – US Decision, 113/2017 and 95/2018 -aut. interpretation) as part of the employer’s obligation to provide employees with safety and health at work (Article 12. of the Labor Law) and in accordance with the Law on Health and Safety, (“Official Gazette of RS”, No. 101/2005, 91/2015 and 113/2017).

History has taught us that after all great tragedies, such as the one affecting the World currently, the age of revival arrives, as well as that during the extraordinary circumstances, no matter how serious they are, life finds its path. We at JPM are trying to spend our time working and making efforts so that our common work and goals does not suffer any or suffer minimal damage during the time that the restrictive measures imposed by all governments are in force.

The outbreak of COVID-19 in Serbia, which resulted in Government declared State of emergency, has strong impact on companies across all industries, creating a number of challenges that need to be addressed by the employers. Over the last few days, we’ve received many enquiries from our clients about business implications of the current situation. We present you below some of the most common ones, followed by answers that will help you in your response to the immediate key issues affecting your business.

The Government of the Republic of Serbia has introduced the first tax relief measures connected with the state of emergency due to COVID-19.

In the light of the pandemic of COVID – 19, controllers are processing different types of personal data in their reasonable effort to prevent the spread of COVID-19. Such processing must comply with the Serbian Law on Personal Data Protection (“LPDP”).

On 16 March 2020, the Government of the Republic of Serbia has adopted a special Decree on the organization of work of employers during the state of emergency (the “Decree”) which prescribes special manner and organisation of work of all employers in Serbia during the state of emergency.

As of 2011, the Serbian Capital Market Act has been changed multiple times due to the need for improvement of domestic legislation and alignment with the market’s demands, as well as harmonization of Serbian legislation with the EU acquis. Once again, on 3 February 2020, the National Assembly of the Republic of Serbia adopted amendments to the Capital Market Act, which came into force on 12 February 2020.

The Buzz in Serbia: Interview with Milos Velimirovic of Samardzic, Oreski & Grbovic

Milos Velimirovic, Partner at Samardzic Oreski & Grbovic in Belgrade, declares that "two things are hot right now in Serbia: the matter of Kosovo and the Parliamentary elections that are in April.“

Over the recent years, we have witnessed a huge rise in popularity of cryptocurrencies on the global stage. This phenomenon is present in Serbia as well and recently became a trending topic in general public.

BDK Advokati Announces New Employment Template Database Service

BDK Advokati has announced the launch of a new service – blinkdraft| – a database of employment law-based templates which the firm says can be converted into “custom-made, ready-to-use, legal documents through an easy and highly intuitive process.”

After much rescheduling and protraction, the long-awaited new Trademark Act was finally adopted on 24 January 2020 and came into force a week later. The new law introduces a number of fundamental changes, eliminating certain shortcomings of the previous law, allowing for more efficient protection and further harmonisation of Serbia's legislation with EU law.

NKO Partners Advises Mercata on Merger with Veletabak

NKO Partners has advised Mercata, a Serbian distributor of fast-moving consumer goods, on its merger with Veletabak, a local tobacco and consumer goods distributor. Veletabak was advised by solo practitioner Zeljko Marovic.

Kinstellar Advises Nova Ljubljanska Banka on Acquisition of Serbia's Komercijalna Banka

Kinstellar has advised Nova Ljubljanska Banka d.d. on the conclusion of a share purchase agreement with the Republic of Serbia for the acquisition of an 83.23% ordinary shareholding in Komercijalna Banka a.d. Beograd, which will result in the third largest bank in Serbia.

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/

 

Our Latest Issue