21
Sat, Dec
127 New Articles

Serbia appears to be entering a period of robust growth and transformation, driven in large part by Expo 2027 and targeted investment initiatives, according to MMD Advokati Partner Rastko Malisic. While the real estate and hospitality sectors are at the forefront of this boom, Malisic notes that other industries are grappling with challenges amid broader geopolitical uncertainties.

Excitement was high when, just over three years ago, the Law on Digital Assets came into effect, positioning Serbia as a pioneer among countries recognizing the development opportunities of advanced technologies that lacked a regulatory framework to reach their full potential. This was followed by a protracted period of enacting secondary legislation, alongside global macroeconomic turbulence, which inevitably impacted the development of industries and markets, especially those that are “young” and insufficiently mature. Despite the enthusiasm and efforts of the local Web3 community and advocates for using digital assets as a tool to boost the national economy, these hurdles appear to have significantly slowed the anticipated growth.

Under which circumstances are controllers and processors not required to maintain records of personal data processing activities? The Personal Data Protection Law, modeled on the GDPR, sets out exceptions to the obligation for organizations with fewer than 250 employees to keep processing records. While this acknowledges the characteristics of small and medium-sized enterprises, ensuring they are not unnecessarily burdened with additional costs, the number of employees is not the sole criterion for exemption from the record-keeping obligation.

Despite their undeniable awareness of importance of intellectual property (IP) for business success, many multinational companies overlook the fact that IP laws vary between countries. This has motivated us to write this article as a memento of IP that can be generated by employees. It explains the general regime related to use of such intellectual property and suggests which legal mechanisms are available to employers in safeguarding their legitimate interests in relation to IP.

MMD Advokati at a Glance

Words from clients:

MMD Advokati is a Serbian leading law firm recognized by its clients for its impeccable quality of legal advisory services, efficiency, proactivity and ability to find the best tailor made solutions even in the most challenging situations.

History and present:

Our team of experts advice large international corporations, financial institutions, banks and leaders in different industries and has participated in majority of pioneer projects and largest transactions in Serbia and the region.

We provide a comprehensive range of legal services in all areas of business law, in particular: M&A, corporate and commercial law, real estate, infrastructure and PPP, employment, energy, restructuring and bankruptcy, dispute resolution, banking and finance, competition law, telecommunications, IP, etc.

Uniqueness:

Although each of our experts has its own expertise in specific areas, at all times we work and function as a team to ensure that all legal aspects are reviewed in a coherent and comprehensive manner, in real time.

Future:

We are at the same time following the newest trends with with a focus on the emerging industries and technologies including crypto, web 3, virtual reality, esports, AI, cleantech, while preserving the traditional values of legal profession and client care.

Recognition:

All leading law publications such as Legal 500, Chambers and Partners, IFLR and Benchmark litigation are ranking MMD Advokati as one of the top-tier law firms in Serbia for more than a decade.

Also, MMD Advokati are as of 2018, appointed as the official Legal Counsel to the French Embassy in Serbia.

Firm's website: mmd-associates.com