Freshfields Bruckhaus Deringer and BDK Advokati have advised One Equity Partners on its acquisition of the Fortaco Group from Nordic investor Capman. Reportedly, Krogerus advised One Equity Partners in Finland.

At the end of 2021, a public debate was held in the National Assembly on the Draft Law on Work Practice. The Draft itself is a reaction to relatively unfavourable basic labour market indicators, which predict that young people in Serbia lag behind their peers in the EU by 10%.

BDK Advokati has advised Epam Systems on the acquisition of IP assets and takeover and integration of employees of Serbian IT company Vivify Ideas. Drazic Beatovic & Stojic reportedly advised sellers Goran Prijic, Nedeljko Damnjanovic, and Milos Janjic on the deal.

Regulation on Amendments to the Regulation on Establishing the List of Technical Devices and Objects subject to Mandatory Payment of Special Fee to Holders of Copyright and Related rights was published in the Official Gazette of RS no. 49/2022 from 21 April 2022, and it entered into force on 29 April 2022. The respective piece of regulation has extended the list of technological devices for reproduction of audio and visual contents from the domain of copyright and related rights, i.e., for which, upon their purchase, a certain fee shall be paid (“the Regulation”).

The Government of the Republic of Serbia enacted the Decree on Establishing the Investment Program “Recovery and Development” (the “Program”) to establish a new credit line for the allocation of favourable credit funds to entities for the implementation of new investments, which will accelerate the recovery and growth of economic activity in the Republic of Serbia in difficult economic conditions caused by the SARS-CoV-2 virus.

Srdjan Sisic has relocated to Montenegro to join One Crna Gora as its Chief Corporate Affairs Officer.

ODI Law has advised Gorenjska Banka and SKB Banka on a cross-border syndicated project financing and debt refinancing for the Don Don Group. Selih & Partnerji advised Don Don.

NKO has advised CTP on its acquisition of land in Kac, the suburb of Novi Sad, intended for industrial development. 

On 25 June 2022, the long-awaited Rulebook on Keeping Records and Reporting on Gender Equality Implementation entered into force, and it was published in the Official Gazette of RS no. 67/2022 (“the Rulebook”). The respective piece of regulation prescribes the template on which employers, public authorities and gender equality bodies record data categorised by gender, as well as the content and manner of submitting reports on implementation of gender equality within the stated entities, as well as political parties and syndicates.

Harrisons, working with Norgren Legal, has advised Claret Capital Partners on its EUR 12.25 million investment in Devtech. MBM Commercial reportedly advised Devtech.

NSTLAW has advised both Lotika Mokra Gora and TMB Diamond Vocar Pancevo on their partnership for the production of organic food and beverages.

The Law on Public-Private Partnership and Concessions of the Republic of Serbia (Law) defines public-private partnership as a dynamic and developmental process of financing infrastructure projects, which represents a form of cooperation between government bodies and the private sector, intending to modernize the infrastructure and improve the provision of public services.

Zivkovic Samardzic has advised OTA Sync on its latest investment round with the TS Ventures Fund, the DSI Business Angel Group, and Startup Wise Guys.

On 21 March 2022, new rules for personal data transfers to countries outside the United Kingdom (“UK”) came into force. Transfer of the respective data according to the previous rules will be possible until 21 September 2022, while starting from 22 September 2022 only new rules will apply to all new transfers. In addition, any contract on transfer of personal data concluded pursuant to the previous rules will be valid until 20 March 2024, while as of 21 March 2024 the parties thereto shall be liable to conclude a new contract, according to the new rules.

The digital sector remains the fastest-growing part of Serbia's economy, with big movements in battery, components, and electric vehicle production as well as technology and media, according to Gecic Law Founding Partner Bogdan Gecic.

Ulcar & Partners and Zivkovic Samardzic have advised the TCH Industrial Group on the sale of Cimos and its subsidiaries to Mutares. CMS and Luther reportedly advised the buyer.

The Walt Disney Company and Disney DTC EM Limited have appointed Petrikic & Partneri in cooperation with CMS Reich-Rohrwig Hainz as their Serbian Data Protection Representative.

Government of the Republic of Serbia adopted the Regulation on Criteria for Granting Incentives to the Employers who Employ Newly Inhabited Persons in the Republic of Serbia (hereinafter referred to as the “Regulation”),  published in the Official Gazette of the RS no. 67/22 and entered into force on 18 June 2022.