Regulation on Amendments to the Regulation on Establishing the List of Technical Devices and Objects subject to Mandatory Payment of Special Fee to Holders of Copyright and Related rights was published in the Official Gazette of RS no. 49/2022 from 21 April 2022, and it entered into force on 29 April 2022. The respective piece of regulation has extended the list of technological devices for reproduction of audio and visual contents from the domain of copyright and related rights, i.e., for which, upon their purchase, a certain fee shall be paid (“the Regulation”).
Recovery and Development Investment Program – Another Try Towards Encouraging Economic Development
The Government of the Republic of Serbia enacted the Decree on Establishing the Investment Program “Recovery and Development” (the “Program”) to establish a new credit line for the allocation of favourable credit funds to entities for the implementation of new investments, which will accelerate the recovery and growth of economic activity in the Republic of Serbia in difficult economic conditions caused by the SARS-CoV-2 virus.
Srdjan Sisic Joins One as Chief Corporate Affairs Officer
Srdjan Sisic has relocated to Montenegro to join One Crna Gora as its Chief Corporate Affairs Officer.
ODI and Selih & Partnerji Advise on Gorenjska Banka and SKB Banka Financing for Don Don Group
ODI Law has advised Gorenjska Banka and SKB Banka on a cross-border syndicated project financing and debt refinancing for the Don Don Group. Selih & Partnerji advised Don Don.
NKO Advises CTP on Third Acquisition of Land in Novi Sad Within 12 Months
NKO has advised CTP on its acquisition of land in Kac, the suburb of Novi Sad, intended for industrial development.
Manner of Keeping Records and Reporting on Gender Equality Implementation
On 25 June 2022, the long-awaited Rulebook on Keeping Records and Reporting on Gender Equality Implementation entered into force, and it was published in the Official Gazette of RS no. 67/2022 (“the Rulebook”). The respective piece of regulation prescribes the template on which employers, public authorities and gender equality bodies record data categorised by gender, as well as the content and manner of submitting reports on implementation of gender equality within the stated entities, as well as political parties and syndicates.
Harrisons Advises Claret Capital Partners on Investment in Devtech
Harrisons, working with Norgren Legal, has advised Claret Capital Partners on its EUR 12.25 million investment in Devtech. MBM Commercial reportedly advised Devtech.
NSTLAW Advises on Lotika and TMB Diamond Vocar Partnership
NSTLAW has advised both Lotika Mokra Gora and TMB Diamond Vocar Pancevo on their partnership for the production of organic food and beverages.
Serbia: Current Overview of Public-Private Partnerships
The Law on Public-Private Partnership and Concessions of the Republic of Serbia (Law) defines public-private partnership as a dynamic and developmental process of financing infrastructure projects, which represents a form of cooperation between government bodies and the private sector, intending to modernize the infrastructure and improve the provision of public services.
Zivkovic Samardzic Advises OTA Sync on Investment from TS Ventures, DSI, and Startup Wise Guys
Zivkovic Samardzic has advised OTA Sync on its latest investment round with the TS Ventures Fund, the DSI Business Angel Group, and Startup Wise Guys.
New Rules for the Transfer of Personal Data from the UK
On 21 March 2022, new rules for personal data transfers to countries outside the United Kingdom (“UK”) came into force. Transfer of the respective data according to the previous rules will be possible until 21 September 2022, while starting from 22 September 2022 only new rules will apply to all new transfers. In addition, any contract on transfer of personal data concluded pursuant to the previous rules will be valid until 20 March 2024, while as of 21 March 2024 the parties thereto shall be liable to conclude a new contract, according to the new rules.
The Buzz in Serbia: Interview with Bogdan Gecic of Gecic Law
The digital sector remains the fastest-growing part of Serbia's economy, with big movements in battery, components, and electric vehicle production as well as technology and media, according to Gecic Law Founding Partner Bogdan Gecic.
Ulcar & Partners and Zivkovic Samardzic Advise on TCH’s Sale of Cimos to Mutares
Ulcar & Partners and Zivkovic Samardzic have advised the TCH Industrial Group on the sale of Cimos and its subsidiaries to Mutares. CMS and Luther reportedly advised the buyer.
CMS Appointed as Disney+ Serbian Data Protection Representative
The Walt Disney Company and Disney DTC EM Limited have appointed Petrikic & Partneri in cooperation with CMS Reich-Rohrwig Hainz as their Serbian Data Protection Representative.
Tax Incentive for New Residents in Serbia
Government of the Republic of Serbia adopted the Regulation on Criteria for Granting Incentives to the Employers who Employ Newly Inhabited Persons in the Republic of Serbia (hereinafter referred to as the “Regulation”), published in the Official Gazette of the RS no. 67/22 and entered into force on 18 June 2022.
Harrisons Advises EBRD on Loan to Banca Intesa Belgrade
Harrisons has advised the EBRD on a senior unsecured loan amounting to EUR 8 million for on-lending to eligible women-led small and medium-sized enterprises.
Harrisons Advises EBRD on EUR 15 Million Loan to UniCredit Leasing Serbia
Harrisons has advised the EBRD on a EUR 15 million loan to UniCredit Leasing Serbia for on-lending to small and medium-sized enterprises in the country.
Unconstitutional Provision of the Law on Misdemeanours on the Deadline for Submitting Requests for Retrial
On 7 April 2022, the Constitutional Court of the Republic of Serbia published on its website a statement that, at the 5th session of this court, held on the aforesaid date, among other matters, it has determined that the provision of Article 281, paragraph 3. of the Law on Misdemeanours (Off. Gazette of RS no. 65/2013, 13/2016, 98/2016 – the CC decision, 91/2019 and 91/2019 – other law) (“the Law”) is not in accordance with the Constitution and ratified international treaty.