In light of the upcoming parliamentary and presidential elections and a relatively inactive legislative phase, Serbia’s potential free trade agreement with China is one of the major economic topics in the country, according to Bojovic Draskovic Popovic & Partners Partner Vuk Draskovic.
The Impact of the Ukrainian Conflict on the Fulfillment of Contractual Obligations in International Trade
Ukrainian conflict has severe and far-reaching consequence on peoples lives.
„Do-not-call“ Registry – What Data Protection Does It Provide in Practice?
The Croatian data protection authority has recently passed a decision establishing the violation of the right to personal data protection in terms of the articles 5, 6 and 14 of the General Data Protection Regulation of EU 2016/679 (“GDPR”), due to a phone call made to the number listed in “Do-not-call” registry.
Inquiry Into IP: Three CEE Boutiques
Practicing IP has always been a tricky matter, given the complexity and the diversity of this area of law. We reached out to experts from several IP-focused law firms – Hungary’s SBGK, Serbia’s Petosevic Group, and Greece’s Drakopoulos – to learn more about their origins, specializations, structures, and operations.
Serbia: The Benefits and Downsides of Executing a Work-from-Home Employment Agreement
The COVID-19 pandemic caused many changes in doing business and, therefore, also had a significant impact on regulating the mutual rights, obligations, and responsibilities deriving from employment.
Are Foreign Legal Entities Obliged to Pay Corporate Income Tax in Serbia?
Bearing in mind the increasingly frequent engagement of foreign legal entities on various projects in Serbia, as well as the fact that during the last year the practice of direct investments by non-residents in Serbia significantly expanded, it is only natural that each transaction in which a legal entity acquires a certain income, raises numerous questions, such as: do non-residents pay income tax in Serbia, in which cases are they obliged to do so, how high is the tax rate, is there an international agreement on avoiding double taxation?
Draft Law on Internship – Awaiting the Final Proposal
At the end of 2021, there was a public debate on the Draft Law on Internship, proposed by the Ministry of Labour, Employment, Veteran and Social Affairs (“the Draft”), while the final proposal is pending.
Darko Jovanovic Becomes Managing Partner of Karanovic & Partners
Karanovic & Partners has announced the appointment of Senior Partner Darko Jovanovic as the new Managing Partner of the firm.
Djurdjica Horvat and Filip Matkovic Make Partner at MPartners Legal
Djurdjica Horvat and Filip Matkovic have been promoted to Partner at MPartners Legal.
Aleksandra Simic Moves to Switzerland as Regional Head Ethics Risk and Compliance at Novartis
Serbian lawyer Aleksandra Simic has been appointed to the role of Head Ethics Risk and Compliance iCEE at Novartis, based in Switzerland.
Nedeljko Velisavljevic Promoted to CEE Partner at CMS
Nedeljko Velisavljevic, Head of CMS’ Dispute Resolution practice in Belgrade and Podgorica, has been promoted to CEE Partner.
Cadastral Alarm – Prevention of Abuse Relating to Real Estate
The Republic Geodetic Authority (“RGA”) has recently, within implementation of the new real estate cadastre information system, launched a Cadastral Alarm, which serves to monitor the cases, i.e. changes relating to real estate.
All Roads Lead to the EU: Serbia - Implementation Issues and Practical Problems
While public perception in Serbia on joining the EU has generally been positive, according to Karanovic & Partners Senior Partner Dragan Karanovic, “recent research suggests that the overall enthusiasm of the public has taken a slight decrease, establishing a polarized, almost fifty-fifty view towards EU accession.”
Infrastructure Projects in Serbia – An Overview
Due to its strategic position in the heart of Southeast Europe and it being part of three important European corridors, Serbia can boast excellent connections to both Western Europe and the Middle East, and has a huge potential for public and private investments alike.
Serbia: Bankruptcy Compensation as a Way of Resolving Debt-Credit Relations
Offsetting of claims (compensation) is one of the ways of termination of obligations, regulated by the Law of Contract and Torts. Certain procedural and legal rules, referring to the offsetting objection and the compensatory counter-claim, are also contained in the Law on Civil Procedure. The institution of offsetting claims is especially important when one of the parties in the obligatory relationship is in bankruptcy, in which case the special bankruptcy rules are applied. The importance of this topic is further enhanced by the changed business conditions in the world after the COVID-19 pandemic, with economic entities being increasingly forced to settle their obligations with compensation for the time being, until new sources of growth yield positive effects on liquidity.
Serbian Foreign Exchange Restrictions in Cross-Border Transactions
There are specific foreign exchange (FX) restrictions set out in Serbian legislation. The FX rules envisage mandatory requirements with respect to cross-border loans, guarantees, assignment and set-off of cross-border claims and debt, the opening of bank accounts abroad, etc. As FX restrictions affect various aspects of transactions between Serbian residents and foreign parties, they are frequently a tumbling stone in cross-border transactions.
Guest Editorial: Serbian Legal Market – Looking Back and Ahead
When I was presented with the opportunity to share my views on lawyering in Serbia and the current legal market, one of my first thoughts was where we were 20 years ago, when Serbia had just opened its doors to foreign capital, privatization started, and international banks and investors began their search for the same quality of advice and advisers they had back home. The bar was dramatically increased, traditional law firms thought they were untouchable, and only a handful of new-generation lawyers, although with very modest international experience, was able to adapt and meet this challenge.
Serbian Corporate Sector Is Going Online
The introduction of new e-services of the Serbian Business Registers Agency and the beginning of the application of online-based fiscalization are rapidly bringing the Serbian corporate environment to the corporate standards of developed countries.