Contributed by Bojovic Draskovic Popovic & Partners.
Cvjeticanin & Partners Advises Modern Business School on Serbian Labor Law Matters
Cvjeticanin & Partners has advised the Modern Business School on the implementation of Serbian labor law provisions relating to collective and individual aspects within a redundancy case.
The Digital Lands of Serbia: A Buzz Interview with Nenad Vukcevic of Vukcevic Law
Serbia’s real estate sector is undergoing some foundational shifts, according to Vukcevic Law Managing Partner Nenad Vukcevic, with numerous changes to the property and construction laws, led by a shift towards mandatory electronic cadaster subscriptions heralding a new digital era for legal processes in the country.
Closing: DS Smith's Acquisition of Bosis Now Closed
In April 2024, Karanovic & Partners announced that DS Smith's acquisition of Bosis (reported by CEE Legal Matters on August 4, 2023) had closed.
Closing: Waberer’s Acquisition of MDI Now Closed
On April 1, 2024, BDK Advokati announced that Waberer’s acquisition of MDI (reported by CEE Legal Matters on October 16, 2023) had closed.
Salary Tax Progressivity - Did Employers Fully Take Advantage of the Opportunity To Make Their Proposals?
At the end of January, the Ministry of Finance invited representatives of business associations to submit their views regarding the possibility of a reform aiming to increase the progressivity of salary taxation. The Ministry emphasized that the framework for the change refers only to salary tax and not to contributions for mandatory social insurance, as well as that any proposals should produce effects that are de minimis budget neutral, both at the level of the entire economy and at the level of local governments.
Unpacking the Minimum Tax Act: Implications for Slovenia, Croatia, and the Region
Slovenia and Croatia adopted the Minimum Tax Act (MTA). The MTA implements Directive (EU) 2022/2523 to ensure a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the EU. The latter is a consequence of the OECD’s global fight against tax base erosion within the scope of Pillar II.
NKO Partners Advises Manuvia on Acquisition of Interea
NKO Partners has advised Manuvia on its acquisition of Serbia's Interea from Iosif Calamar.
BDK Advokati and Harrisons Advise on Enlight RE and Enlight K-2 Wind Development of Pupin Wind Farm
BDK Advokati has advised Enlight Renewable Energy and Enlight K-2 Wind on the development and financing of the 94.4-megawatt Pupin wind farm slated for construction in Kovacica, Serbia. Harrisons and, reportedly, White & Case advised lenders Erste Bank AG, Erste Bank Novi Sad, and the EBRD on their EUR 91.4 million financing.
Leading the Way in Serbia: An Interview with Milos Velimirovic on the Recent Kinstellar/SOG Merger
On July 4, 2023, CEE Legal Matters reported that Kinstellar and SOG were teaming up in Serbia through a strategic partnership. Recently appointed Kinstellar Belgrade Managing Partner – and co-head of the firm-wide Financial Institutions sector – Milos Velimirovic shares an insider’s perspective on the move.
The Law on Amendments to the Companies Act
The Parliament of Montenegro has adopted again the Law on Amendments to the Companies Act with 43 votes in favor, at the extraordinary session of the Parliament held on January 19, 2024, and the Amendments entered into force on January 23, 2024.
Does the Birkin Handbag Represent a Market of Its Own?
The luxury design company Hermès is facing allegations of engaging in unlawful practices by “tying” the purchase of its popular Birkin bags to the purchase of other luxury clothing and accessory items, as claimed in a class-action lawsuit filed in the US. According to the lawsuit, two California shoppers stated that they were compelled to buy additional Hermès products from various categories such as apparel, scarves, and homeware before being allowed to purchase Birkin handbags from the Paris-based brand.
Zivkovic Samardzic Partner and Head of Media and IP Litigation Kruna Savovic Leaves Firm
Kruna Savovic – until recently the Head of the Media and IP Litigation team and a Partner at Zivkovic Samardzic – left the firm in March 2024.
Schoenherr Advises Fifth Quarter Ventures on Cosmic Strategic Investment
Moravcevic Vojnovic and partners in cooperation with Schoenherr has advised Fifth Quarter Ventures on its recent investment in Cosmic.
Velickovic Law Opens Doors in Serbia
Former Gecic Law Partner and Head of Dispute Resolution Jovana Velickovic has launched her own law firm in Belgrade – Velickovic Law – specializing in dispute resolution, labor, and corporate law.
Gecic Law Advises on JFE Shoji EUR 50 Million Investment in Serbia
Gecic Law has advised JFE Shoji on a EUR 50 million greenfield investment in Serbia through the acquisition of a 10-hectare land plot in the Indjija industrial zone.
Open Balkans Unified Labor Market and Some Insights in Foreigners’ Procedures
The Single Open Balkans Labor Market, comprised of Serbia, Albania, and North Macedonia, has commenced on Friday, March 1. This means that all citizens of the mentioned countries will be able to obtain employment in any of the countries within this initiative through the simplest procedure possible.
Gecic Law Advises EBRD and ENEF II on Investment in Vega IT
Gecic Law has advised the European Bank for Reconstruction and Development and Enterprise Expansion Fund II on their investment in Vega IT.