Digital Nomads: It Is Time to Hit the Road!

Traveling the world, being part of the global digital community, earning a living in far-flung destinations…  Almost everybody has at least once fantasized about living the life of a digital nomad.  However, is it as simple as it seems at first glance? Catching Up with a Term… Digital nomads are location-independent workers that avail of amazing technological innovations and modern culture to work remotely.  As technology has dramatically reshaped the work environment, swapping the office for some distant destination is becoming a reality for many.  Key to this digital nomad lifestyle is the ability and the flexibility to work remotely. […]

22 Sep, 2020

DFC, US premier development finance institution to set up its first permanent outside of US office in Belgrade

The amazing results of the US brokered economic normalization talks between Belgrade and Priština in Washington DC on September 4 made major political (and legal) waves, but one specific point made the Balkans and broader European business community hopeful, even in these dire and uncertain pandemic times. The U.S. International Development Finance Corporation (DFC) “is opening its first and only office outside of the United States in Belgrade”, according to Damon Wilson, the Executive Vice President of the Atlantic Council. As announced in a tweet by Adam Boehler, DFC’s CEO, his team is set to arrive in Serbia on September […]

10 Sep, 2020

Apple Pay set to become king of the hill in Serbia (also)?

Everyday life in the 21st century is awash with change, change mostly dictated by modern technologies and their constant evolution. Mobile payment apps are the latest (and most innovative) addition to the stable of convenience services, allowing users to pay quickly and securely.  The COVID-19 pandemic has pressed home the advantages of paying through mobile phone apps, considering that this method of payment minimizes physical contact between merchant and customer Apple Pay, a mobile payment application, was launched in Serbia at the end of June 2020. We spoke with Nikola Mehandžić, Business Development Director for the Western Balkans at MasterCard, […]

02 Sep, 2020

Intellectual Property Disputes – Suitable for Arbitration?

Natural persons and companies in Serbia have a large number of disputes, covering all areas of business and legal life, including disputes over intellectual property rights. Resolution of these disputes is usually sought in court, however there are also alternative solutions. As an alternative dispute resolution mechanism, arbitration could resolve disputes more quickly, in a more efficient way, and at a lower cost, compared to a resolution sought in courts. Prompt resolution of disputes before the arbitration is possible thanks to electronic correspondence, strict deadlines, and the limited number of hearings through which a resolution can be achieved so that […]

26 Aug, 2020

The Register of ultimate beneficial owners – a step closer to money flows in Western Balkans

Money laundering – a crime that is not victimless In a globalized world where modern technology allows the rapid flow of funds, fighting money laundering has never been a more important and urgent need.  Trillions of dollars are laundered each year and these funds fuel serious organized crime activities such as drug trade, sexual exploitation, human trafficking, terrorism, etc.  Money laundering is far from a victimless crime, and, moreover, it harms society in a more perfidious manner than other crimes. The Financial Action Task Force (“FATF”) is the leading global money laundering and terrorist financing “watchdog”.  As a policy-making body, […]

31 Jul, 2020

It’s the Final Countdown in Slovenia

On July 29, 2020, the Slovenian Supreme Court (“Court“) reached a decision by which it ordered that the Slovenian Competition Protection Agency (“AVK“) shall restore the Croatian Agrokor d.d.’s shares in the Slovenian retailer Mercator.  In its press release, the AVK stated that the decision by which it ordered the withdrawal of shares held by Agrokor was rendered in accordance with Article 201 of the Slovenian Misdemeanor Act (Zakon o prekrških) in 2019.  Article 201 enshrines that anyone’s property may be confiscated in cases there is likelihood of the perpetrator hiding or fleeing the country during the procedure before the […]

29 Jul, 2020

Gecić Law Website Best in Europe & Global Top 10

We are proud to announce that Gecić Law’s website was placed as the top-ranked European law firm website in the global list of top 20 law firm websites. This prestigious ranking puts us side by side with the world-class law firm Quinn Emanuel among others. The list was published by Intechnic, a Chicago-based, world-leading user experience (UX) and web design agency, with over 20 years of expertise in this field. Dejan Baralić, the CEO of SmartWeb, the developer of the Gecić Law’s website, remarked that this project has a “special place” in their portfolio. SmartWeb’s team outperformed itself by creating […]

22 Jul, 2020

Gecić Law’s pandemic experience featured in the prestigious The Lawyer magazine

The prestigious magazine The Lawyer featured a story about the experiences of Gecić Law’s team during the pandemic.  The article is part of their “Virus Diaries” series which covers experiences of big law firms across the globe in their struggle to keep their business afloat, clients satisfied and their communities and staff safe in these unusual circumstances.   After providing background on Serbia’s Corporate Law market, remarking that it is “still in its early years“ but that many millennials in senior positions are quickly bringing it in line with global standards, the article covered various innovative ways in which Gecić […]

20 Jul, 2020

Commission Blocks – General Court Unblocks

For some reason May is THE month for competition.  Mays of yesteryear have witnessed many intriguing courtroom battles: May 2016, May 2019 and finally in May 2020. True to form, merger control is making the headlines again.  The General Court (GC) annulled the European Commission’s (Commission) decision in Hutchison 3G UK (Hutchison) and Telefónica UK (Telefónica) merger on May 28, 2020.  If you have not seen it yet, the underlying reason behind the annulment is quite thought-provoking: in a nutshell, the GC held that the Commission made errors in law and manifested errors of assessment, and to boot, infringed essential […]

16 Jul, 2020

Commission Suffers Major Blow in Apple State Aid Case?

General Court brings the curtain down on epic court battle between Apple Ireland and the EU/European Commission in a state aid case labelled the ‘Apple Tax case’. On July 15, 2020, the EU’s General Court overturned the Commission’s decision because the Commission failed to prove Apple had broken competition rules.  Following an in-depth state aid investigation launched in June 2014, the Commission requested information on any rulings granted by Ireland in favour of the Apple Group companies: Apple Operations International (AOI), Apple Sales International (ASI) and Apple Operations Europe (AOE).  The Commission concluded that two tax rulings issued by Ireland to […]