Harrisons has advised the EBRD on its EUR 100 million on-lending loan to Banca Intesa Belgrade.

The Serbian Ministry of Justice released a Data Protection Strategy Proposal for 2023-2030 and invited stakeholders to participate in public discussion. The document sets an ambitious goal: harmonisation of data protection legislation with acquis communautaire resulting in obtaining EU decision on the adequate protection of personal data and resulting in a free flow of personal data with EU. We would be glad to participate in public discussion providing suggestions resulting from our long-term practice for the improvement of the proposal.

Croatia's HD-Win has appointed Zunic Law Firm Partner Tijana Zunic Maric as its data representative for Serbia.

Until 2014, less than 10 percent of the largest companies in the European Union regularly disclosed non-financial information about their operations as part of reports that supplement annual financial consolidated reports. Although they were obliged to do so by the then-current Directive of the European Union, the requirements of the existing legislation proved to need to be more transparent and more effective.

Markovic Vukotic Jovkovic has advised BIG-CEE on the land acquisition and development of its tenth shopping center in Serbia, the newly opened BIG Pazova. 

White-Collar Crime Attorneys Danilo Nikolic and Luka Nikolic have joined Jankovic Popovic Mitic as Partners in the firm.

NKO Partners has advised the Dr. Max Group on its acquisition of the Vranje-based Nova Pharm pharmacy chain in Serbia. 

The announced amendments to the Law on Foreigners and the Law on the Employment of Foreigners contain significant novelties. The most important changes relate to the simplified and digitized procedure for obtaining a residence and work permit for foreigners, new categories of foreigners who will be able to work and/or establish employment only based on residence permit, as well as the extended period of validity of permits.

The history of artificial intelligence can be traced back to the 1950s, when researchers and computer scientists first explored the possibility of creating machines which could accomplish tasks typically performed by humans. Since then, AI has undergone several significant phases of development, each of which has been marked by essential landmarks and milestones. In 1997, IBM’s Deep Blue computer famously defeated world chess champion Garry Kasparov. In recent years, AI has seen the development of deep learning and neural networks capable of processing large amounts of data and making complex predictions.

When calculating the cost of running a business, companies typically tend to analyze factors such as labor cost, operating expenses, marketing and advertising, inventory, insurance, and taxes. Only, what happens when unexpected costs occur, such as a security data breach exposing the customers’ personal data to unauthorized parties? And is it still reasonable to consider such costs as unexpected?

Pursuant to the provisions of the Labor Law (Official Gazette of the Republic of Serbia no. 24/2005, 61/2005, 54/2009, 32/2013, 75/2014, 13/2017 – decision of the US, 113/2017 and 95/2018 – authentic interpretation) (“the Law”), by an employment contract the employer and the employee may establish the probation period for performance of one or more related jobs specified in that contract.

Gecic Law has announced the launch of its Artificial Intelligence & Robotics practice in Serbia, to be headed by Founding Partner Bogdan Gecic.

Contributed by PR Legal.

Bojovic Draskovic Popovic & Partners has advised e-commerce investor Accel Club on opening an office in Belgrade.

After the publication of the draft of the Law on Amendments to the Law on Spatial Planning and Construction, a series of public hearings on the proposed draft law was held in February 2023, and now we are waiting for the final wording of the proposal of the amendments and the lawmaker’s response to the of proposals and objections raised during the public hearings.
The draft envisages numerous amendments to the law, the most striking of which is the amendment related to the conversion of the right of use on construction land into the right of ownership (conversion).

Schoenherr has advised Robert Bosch Investment Nederland on its acquisition of a minority stake in Hungarian thermo-technology company Kazantrade and the related asset deal that saw RBIN sell its Serbian thermo-technology business to Kazantrade's Serbian subsidiary. Sole practitioner Zsolt Simanyi reportedly advised the Hungarian seller and target company.

NKO Partners has successfully represented Modekolo before Serbia's Administrative Court in a competition-related dispute.

On February 15, 2023, CEE Legal Matters reported that NKO Partners had advised a group of Saga’s minority shareholders on Noventiq's buyout of their equity. CEELM reached out to NKO Partners Founding Partner Djordje Nikolic to learn more about the matter.