Throughout its history, Serbia, located as it is at the intersection between major trading centers, has been recognized as a point of utmost importance in terms of transportation, and it remains so today. This requires constant improvement in transportation conditions and compliance with European Union regulations. In order to meet these requirements, the General Master Plan for Transport in Serbia (TMP) was adopted in 2009, providing the guidelines and plans for each transportation sector until 2027. The TMP is also the platform for current and future transportation-related projects, irrespective of the funding modality.
Zivkovic Samardzic has advised Serbia’s national commercial broadcaster B92, a subsidiary of the Kopernikus Corporation, on its transformation from a joint-stock company into a limited liability company.
Former Prica & Partners Partner Milos Vulic has established a new firm in Belgrade – Vulic Law.
Serbia recently reworked its Law on Trademarks, coming into force on 1 February 2020. What has changed? In local parlance: “Everything and nothing”. The changes are not extensive, but concern key features of the local trademark rules.
A new law firm — MPartners Legal — has opened its doors for business in Belgrade.
The Government of the Republic of Serbia launched Project ePaper in 2016 with the aim of simplification of administrative procedures and modernizing public administration (“Project”). The Project aims to reduce the administrative expenses by 15-20% – from 3.46% to 3.0 % of GDP by 2021.
Milos Gledovic has been promoted to Partner at Samardzic Oreski Grbovic.
Nemanja Jovovic has joined Bojanovic & Partners as the firm's new Head of Competition.
Karanovic & Partners has advised Sweden's Backer AB on the acquisition of shares in Serbia's Elektrotermija d.o.o.
“The main thing, politically, is the upcoming Parliamentary elections set for this April,“ says Dragoljub Cibulic, Partner at BDK Advokati in Belgrade. “We’re entering a period of increased political instability, especially given the announced boycott of the elections by the major opposition block. The boycott is rooted in the imbalance on the Serbian political scene, which is heavily dominated by the ruling party. Opposition parties are cut-off from the mainstream media, the ruling party wields tremendous financial power from close ties with the privileged local business caste, and state institutions crucial for a functioning democracy have been hijacked and submitted to the interests of the ruling party.“
The rising importance of data protection practice inevitably affects even those who intentionally want to ignore it. There is already an infinite quantity of material about the new data protection regime. The practice is getting richer every day, which makes the interpretation of the existing legislation even more complex. As in other areas of law, there are no shortcuts. It is not possible to read from one specific source and to immediately get to the point of at least general understanding.
According to the Public Debt Act (Zakon o javnom dugu) of the Republic of Serbia, the Minister of Finance manages the country's public debt by (i) entering into transactions that would reduce or eliminate currency risk, interest rate risk and other risks, (ii) deciding on the sale and purchase of foreign currencies, and (iii) managing cash balances on the Republic of Serbia's treasury accounts. The aim of public debt management is to provide the means for regular servicing of budgetary needs at the most favourable conditions and cost of financing, with an acceptable level of risk.
Milica Radeka Vojvodic has been promoted to Partner at ODI Law in Serbia.
BDK Advokati has advised the shareholders of Serbian IT company Logo doo on the sale of a 60% stake to GetSwift. Dentons and Andric Law advised GetSwift on the deal.
Schoenherr lawyers Pawel Halwa and Thomas Kulnigg have been promoted to Equity Partner as part of the firm's annual promotion round, and lawyers Constantin Benes, Leon Kopecky, Guenther Leissler, Laurenz Schwitzer, Manuela Zimmermann, Georgiana Badescu, Madalina Neagu, and Milos Lakovic have been promoted to Contract Partner.
Dragan Karanovic has been made the new Managing Partner of Karanovic & Partners, taking over from Rastko Petakovic, who served as Managing Partner for the past three years.
After a long wait and numerous criticisms from the private sector and NGOs, Serbia has adopted the Law on Agency Employment (the “LAE”) which starts to apply from 1 March 2020. The purpose of the law is to provide equal treatment for employees leased by agencies to employers.
With a total stock of over 800,000 square meters of office space and several large-scale office projects underway, Belgrade aims to further strengthen its position as a top choice for headquarters of investors operating in Serbia and SEE.