NKO Partners has advised BizLink Holding on what the firm calls a "complex intercompany restructuring" that resulted in the company becoming the sole shareholders of its subsidiary, BizLink Serbia.

Vulic Law has reached an agreement to become the Serbian provider of legal services to members of the World Bank.

Former Prica & Partners lawyers Aleksandar Mancev and Associate Aleksandar Andrejic have joined Vulic Law in Belgrade as Of Counsels.

Jankovic Popovic Mitic has helped sporting good retailer Intersport S Trgovina doo comply with the Serbian Data Protection Act.

CMS has advised the EBRD and Raiffeisen Bank Serbia on a EUR 30 million financing extended to CTP Property companies in Serbia for the purpose of refinancing of the existing financial indebtedness and for the development, construction, and operation of light manufacturing and warehouse facilities.

All citizens of a legal and democratically governed state should have the opportunity to enjoy free education, health, police and judicial protection, clean streets and much more that is perceived as "free of charge". However, in order for such a social system to function properly and efficiently, one of the basic constitutional principles of public finances must be realized, and that is to properly honour and respect the obligation to pay taxes.

Privacy Shield is a legal mechanism that has been used since 2016 as a basis for data transfer from the EU to the US. Controllers subject to the Serbian Law on Personal Data Protection (“LPDP”) could also use the benefits of this arrangement given the relevant provisions of the LPDP and special decisions of the Government of the Republic of Serbia.

On 27 July 2020 the National Bank of Serbia (“NBS”) adopted further decisions concerning emergency measures to facilitate the position of citizens and businesses in servicing debt towards local banks and financial leasing companies in times of the prolonged Covid-19 pandemic crisis, specifically:

Companies around the globe are having to make urgent decisions to keep their employees safe and ensure business continuity in the midst of the COVID-19 outbreak. In order to fulfil these goals, companies need to find the right balance between providing a safe working environment and respecting their employees’ privacy, which can prove to be quite difficult in practice.

On 30 July 2020, the Government of the Republic of Serbia adopted a decision on direct payments and fiscal benefits for economic entities in private sector, with a view to mitigate economic consequences of COVID-19.

On 16 July 2020, Court of Justice of the European Union (“CJEU”) has rendered a landmark decision declaring the Decision 2016/1250 of the European Commission on the adequacy of the protection provided by the EU-US Data Protection Shield (“Privacy Shield Framework”) invalid with the immediate effect. This decision has caused a major shift in the way in which personal data may be transferred to the United States of America. However, the scope of the decision is far broader and includes far more restrictions than it may appear at first glance.

Jankovic Popovic Mitic has advised French multinational company C.D Holding Internationale SAS on its EUR 5 million acquisition of an additional stake in Emergo Sport d.o.o., the Serbian subsidiary of Fitpass Limited. Fitpass was advised by Bojovic, Draskovic, Popovic, and Partners. 

ODI has helped Nova Ljubljanska Banka obtain Macedonian merger clearance for the acquisition of 83.23% of the ordinary shareholding in Komercijalna Banka a.d. Beograd.

Doklestic Repic & Gajin has launched a French Desk, led by Partner Marija Papic.

Frankly, this question has to be determined by the acting court as and when it arises with reference to particular facts and circumstances of each individual case.

NKO Partners has advised CTP on financing of EUR 13.5 million from the EBRD for real estate project development in Serbia. CMS advised the EBRD on the transaction.

Over the past few years CMS advised the OTP Bank Group on an extensive series of acquisitions across Bulgaria, Moldova, and former Yugoslavia. This series of separate deals was shortlisted for CEE Legal Matters’ CEE Deal of the Year in each of the countries involved, actually winning the 2018 Deal of the Year for Bulgaria and the 2019 Deal of the Year Award for Montenegro. We reached out to Eva Talmacsi, who led CMS’s multi-jurisdictional team, to learn more about the firm’s impressive work on OTP’s behalf.

The Law on Central Register of Mandatory Social Insurance (“ZOCROSO”) was amended at the end of 2019 and the most important novelty was the extension of deadline for employers to adjust to the Decision on single codebook for entry and codification of information in databases in the field of labour, enacted in 2018 (“the Decision“).