As we promised a few weeks ago when we discussed all the interesting aspects of commercial offences as an integral part of Serbian penal law, we shall now take a closer look at the first-instance proceeding and some of the most important segments of domestic and foreign legal entities, as well as their responsible persons, should keep in mind in case they are subjected to a commercial offence proceeding.
Serbia: Is Serbia Keeping Up with Developments in the Digital Markets Sectors from an Antitrust Perspective?
The expansion of digital markets is undeniable, and the need for special regulations in these areas is clearly proved by the EU in rendering the Digital Services Act and Digital Markets Act. The mentioned regulations build on the EU Electronic Commerce Directive to address new challenges online.
Dealing with Fixed Price Adjustments in Infrastructure Projects – A Serbian Legal Perspective
In recent years, significant global events and unforeseen circumstances have had a profound impact on, among others, infrastructure projects. These events, whether global conflicts, health crises, or other significant occurrences, have triggered price changes in such projects. As a result, provisions of the Serbian Law on Obligations regarding claims for changes in price have gained prominence.
Trends on Serbian Banking and Finance Market – What to Expect?
Despite global financial downturns, Serbia’s banking and finance market has exhibited remarkable stability and consistent growth. It has experienced significant advancements driven by economic expansion, technological progress, and regulatory reforms aiming to enhance stability, transparency, consumer protection, and efficiency.
What Do the Changes to the Law on Planning and Construction Actually Bring?
The Government of the Republic of Serbia recently took a significant step in redefining the rules regulating construction activities in Serbia by proposing amendments to the Law on Planning and Construction. If adopted, this will introduce significant changes and breakthroughs for both individuals and the industry as a whole.
Rethinking the Role and Power of Class Actions in Serbia
In recent years, the rise of mass lawsuits has placed a significant strain on Serbian courts. The most notable mass lawsuits, which first emerged in the mid-2000s, encompass a wide range of issues, from shift and night work disputes to overcharged fees for children’s daycare and discrimination against war veterans. Recent prominent cases have involved the nullity of loan agreement provisions on application-processing costs and auxiliary school staff’s entitlement to compensation for warm meals and holiday allowances. The rise of mass lawsuits carries profound legal and economic implications, sparking renewed initiatives for class action in Serbia.
Know Your Lawyer: Mark Harrison of Harrisons
An in-depth look at Mark Harrison of Harrisons covering his career path, education, and top projects as a lawyer as well as a few insights about his as a manager at work and as a person outside the office.
The Barbenheimer Phenomenon
This year, the internet has been captivated by a sensation known as “Barbenheimer,” a phenomenon that emerged just before the blockbuster film releases of “Barbie” and “Oppenheimer.” Having previously explored the Barbie intellectual property (IP) landscape, it’s astonishing to find yet another connection between these two cinematic sensations that stand at opposite ends of the IP spectrum.
Amendments to the Law on Planning and Construction – Abolishment of Paid Conversion, Focus on Energy Efficiency and Green Construction
Amendments and supplements to the Law on Planning and Construction (“Law”) were published in the Official Gazette no. 62/2023 from 27 July 2023 and entered into force on 4 August 2023, whereas certain provisions of the Law will enter into force in 2024 and 2026, respectively.
Clifford Chance Advises on Refinancing and Recapitalization of KKCG Group's Technology Pillar
Clifford Chance has advised KKCG Group's Technology pillar on the complete refinancing of its existing bank indebtedness and the further recapitalization of its members, including those in Bulgaria, North Macedonia, Poland, and Serbia.
Tax Incentives on Reimbursement of Engaged Individuals
The Republic of Serbia applies different taxes to reimbursement payable to engaged individuals depending on their engagement type. Those engaged via employment agreement, are subject to salary tax and those engaged via service agreement are subject to tax on other income. Those engaged via temporary and periodical employment agreements are subject to either salary tax or tax on other income while those engaged on the basis of supplementary work are only subject to tax on other income.
JPM & Partners Advises on Big Bang Acquisition of BC Group
JPM & Partners has advised Slovenia's Big Bang on its acquisition of Serbian online retailer BC Group. The Andric Law Office reportedly advised the sellers.
Amendments to the Law on Financial Support for Families with Children
On 26 July 2023, the Serbian National Assembly adopted amendments to the Law on financial support for families with children.
Digital Services Act Takes Effect on Large Platforms
August 25, 2023, marks a monumental shift as the Digital Services Act (“DSA“) takes center stage, impacting industry giants like Amazon, Google, Apple, and TikTok. With 19 platforms and search engines, each having a minimum of 45 million users, the DSA takes action to uphold data privacy, combat disinformation, and eliminate online hate speech. This dynamic legislation aims to give users, including minors, enhanced rights and control over their online presence, fostering a high level of privacy and security.
New Rulebook on the Content of the Business Entities Register and Documents Required for Registration
The new Rulebook on the Content of the Business Entities Register and Documents Required for Registration (RS Official Gazette No. 63/23) (hereinafter: "New Rulebook") has entered into force on August 5, 2023, thereby ceasing to be valid Rulebook on the Content of the Business Entities Register and Documents Required for Registration (RS Official Gazette, No. 42/2016) (hereinafter: "Previous Rulebook").
Judgment on Copyrighting Generative AI
In the ever-evolving world of technology, the boundaries of law are constantly being tested. With the most recent developments in generative AI (artificial intelligence – language and diffusion models), the boundaries of IP law are being tested to their absolute limits. A recent ruling by the United States District Court has brought to light a significant issue that could have implications everywhere in the world, across the spectrum of creative and knowledge industries.
NKO Partners Advises PGM Live on Acquisition of Remaining 50% Stake in VPK Balkan
NKO Partners has advised the Belgrade-based PGM Live TV production and distribution company on its acquisition of the remaining 50% stake in VPK Balkan from Slovenian production company VPK PRO, thus gaining full ownership of the target. Sole practitioner Nenad Davidovic advised the seller.
Seizing Opportunities in Serbia: An Interview with Petar Orlic and Branko Jankovic of NKO Partners
Petar Orlic and Branko Jankovic of NKO Partners sat down with CEE Legal Matters to talk about their unique paths to Partnership at the firm and share insights. Petar, who recently made the transition from London to Serbia in pursuit of new opportunities, shares his excitement about the vibrant and energetic business climate in the CEE region, while Branko, who rapidly ascended to the position of Partner at NKO, offers valuable tips on professional growth and the importance of staying open-minded and continuously learning.