CMS’s Belgrade office has advised Banca Intesa Belgrade on financing provided to Delta Real Estate for the development of the Delta Planet Nis shopping mall in Nis, Serbia.
New Procedure for Residence and Work Permit for Foreign Citizens in Serbia
On 26 November 2020 the Minister of the Interior and the Minister of Labor, Employment, Veterans and Social Affairs adopted the Rulebook on the unified request for approval, i.e. extension of temporary residence and issuance of a work permit to a foreigner (“Rulebook”), all in accordance with amendments to the Act on Foreigners from 2019 (“Act”).
Amended Ordinances on Games of Chance
The new Law on Games of Chance, applied from April 2020 did not introduce material changes to gambling business itself, apart from increased financial burden to operators (higher minimum initial capital, fees, deposits and new technical requirements) and in general the novelties have not been numerous, but it also stipulated the obligation of adoption of new harmonized rulebooks.
NKO Partners Advises CTP Invest on Partial Acquisition of Eyemaxx Real Estate's Portfolio in Serbia
NKO Partners has advised CTP Invest on its acquisition of a part of Eyemaxx Real Estate’s portfolio in Serbia.
Expat(s) on the Market: An Update
Over the course of our seven years, CEE Legal Matters has interviewed most of the British lawyers working on the ground in Central and Eastern Europe as part of our recurring “Expat on the Market” feature. We reached out to them recently and asked them to bring us up to speed on what they’re doing and/or share their thoughts on the ramifications of Brexit or the ongoing COVID-19 crisis.
CMS Advises Poseidon Group and Mitiska Reim on Sale of Serbian Retail Parks Portfolio to Immofinanz AG
CMS has advised the UK's Poseidon Group and Belgium’s Mitiska Reim on the divestment of their entire portfolio of retail parks in Serbia to Austria’s Immofinanz AG. Tomic Sindjelic Groza reportedly advised Immofinanz on the deal.
MPartners Legal Opens Chinese Desk
MPartners Legal has set up a Chinese and Asian markets desk.
Samardzic, Oreski, Grbovic Appointed AiCure’s Data Protection Representative in Serbia
Samardzic, Oreski, Grbovic has been appointed as AiCure’s data protection representative in Serbia by the Commissioner for Information of Public Importance and Personal Data Protection.
NKO Partners Advises BizLink Group on Acquisition of Property
NKO Partners has advised the BizLink Group on its EUR 3.5 million acquisition of a commercial property and production facilities in Prokuplje, Serbia, from Gama Investor Solutions. Attorney-at-law Aleksandar Kuljak reportedly advised the seller on the deal.
Deal 5: Ventu.rs' Luka Pejovic on Launch of Crowd-Investing Platform in Serbia
On November 11, 2020, CEE Legal Matters reported that Karanovic & Partners had helped set-up Ventu.rs, the first Serbian crowd-investing platform. CEEIHM spoke with Luka Pejovic, Director at Ventu.rs, to learn more about the matter.
JPM Advises on Serbian Aspects of BASF's Sale of Construction Chemicals Business
Jankovic Popovic Mitic has advised BASF on the sale of its Construction Chemicals business in Serbia to an affiliate of private equity firm Lone Star.
BDK Advokati Advises Affidea Diagnostic on Sale of Affidea Special Hospital to Medigroup System
BDK Advokati has advised Affidea Diagnostic B.V. on the sale of Affideal Special Hospital in Belgrade to Medigroup System.
Mixing Different VAT Periods to Reach 1 Million RSD Threshold – Good or Bad Approach?
On 06 November 2020 on the website of the National Assembly of the Republic of Serbia is published Proposal for the amendments of the Law on tax procedure and tax administration (hereinafter referred to as: “Proposal”).
Mandatory Issuance of E-Invoice From 2022
Application of the new Law on Accounting (Official Gazette of RS no. 73/2019) has started on 1 January 2020, with exception of certain provisions whose application was further delayed. This was the case with Article 9, para. 3 of this law, which will start to apply from 1 January 2022.
The Buzz in Serbia: Interview with Djordje Novcic of Jankovic Popovic Mitic
“This was an election year for Serbia, and as a result we had a technical government for a very long time,” says Djordje Novcic, Partner at Jankovic Popovic Mitic in Belgrade, referring to the four-month-long period of deliberation before the new government was finally formed on October 28.
Zivkovic Samardzic Represents Yandex under Serbian Data Protection Act
Zivkovic Samardzic has been appointed the representative for Yandex LLC pursuant to the Serbian Data Protection Act, following a decision by the Commissioner for Information of Public Importance and Personal Data Protection of Serbia.
Highlights of Serbia’s Tax System
Taxes are undoubtedly among the most important components of every state budget. Tax systems vary, of course, as different states have different political and commercial environments. Nowadays, the globalization of economic relations tends to bring these diverse and different systems closer together.
Inside Out: Privatization of Komercijalna Banka
On March 5, 2020, CEE Legal Matters reported that Kinstellar had advised Nova Ljubljanska Banka d.d. on the conclusion of a share purchase agreement with the Republic of Serbia for the acquisition of an 83.23% ordinary shareholding in Komercijalna Banka a.d. Beograd. Serbia’s AP Legal and Prica & Partners advised the Government of the Republic of Serbia on the privatization.