Harrisons has advised the EBRD on a EUR 15 million loan to UniCredit Leasing Serbia for on-lending to small and medium-sized enterprises in the country.

On 7 April 2022, the Constitutional Court of the Republic of Serbia published on its website a statement that, at the 5th session of this court, held on the aforesaid date, among other matters, it has determined that the provision of Article 281, paragraph 3. of the Law on Misdemeanours (Off. Gazette of RS no. 65/2013, 13/2016, 98/2016 – the CC decision, 91/2019 and 91/2019 – other law) (“the Law”) is not in accordance with the Constitution and ratified international treaty.

Data Protection Officer (“DPO”) is a person overseeing a company’s data protection strategy and implementation in order to ensure compliance with General Data Protection Regulation (“GDPR”) requirements. Any company that processes or stores personal data is recommended to appoint a DPO.

Harrisons has advised the EBRD on a EUR 30 million loan facility to ProCredit Bank in Serbia.

Harrisons has advised the EBRD on its RSD 1.2 billion loan to Serbian commercial bank 3Bank for on-lending to eligible sub-borrowers.

Contributed by NSTLAW / Stankovic & Partners.

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Cvjeticanin & Partners Managing Partner Nenad Cvjeticanin has been appointed as Data Protection Officer at Emmezeta and at the Cubes IT school in Serbia.

On June 5, 2022, BDK Advokati announced that DoorDash’s acquisition of Wolt (reported by CEE Legal Matters on November 18, 2021) had closed.

NKO Partners has advised the Dr. Max Group on another pharmacy chain acquisition in Serbia – that of Belgrade-based K-Pharma.

Zivkovic Samardzic has advised Catalyst Romania and 3TS Capital Partners on the Serbian aspects of their investment in Hunch.

Since 2009 the Republic of Serbia has undergone major legislative changes aiming to simplify the process for issuing construction permits and to establish private ownership over land as an exclusive property right, replacing the permanent use right and the long-term lease, which are relics of the communist regime. Depending on the circumstances pertinent to the holder of the title, the conversion of the permanent land use and long-term lease rights into private ownership may be performed either free of charge or for a fee.

Markovic Vukotic Jovkovic has advised IKEA on the construction and opening of a retail park in Belgrade, next to an existing IKEA store.

COVID-19 pandemic caused different market distortions that imposed economic entities to various challenges, both in terms of their relations with the clients, i.e., consumers, and their mutual relations.

Markovic Vukotic Jovkovic has advised the Fashion Company on its acquisition of Movem.

On 19 May 2022, the Government of the Republic of Serbia adopted the Regulation on the temporary measure of limiting the price of gas and compensating for the difference in the price of natural gas, procured from imports or produced in the Republic of Serbia, in case of disturbances on the natural gas market, which regulation was published in the Official gazette of the RS no. 59/2022.

At Open Balkan Summit held in Tirana on December 21, 2021, several agreements were signed by Serbia, North Macedonia and Albania, including the Agreement on conditions for free access to the labour market in the Western Balkans, which was subsequently ratified by the National Assembly of the Republic of Serbia on December 29, 2021, and published in the Official Gazette of the Republic of Serbia – International Agreements no. 27/2021 from December 30, 2021 (“the Agreement”).

Cvjeticanin & Partners has advised the Korea Trade-Investment Promotion Agency on its implementation of Serbian labor law regarding collective and individual legal acts.