13 Jan, 2020

Arbitral Dispute Resolution – Serious competitor to State Judiciary?

Defining arbitration There is no universally accepted definition of arbitration as a way of resolving disputes. Attempts have been made to define it, albeit unsuccessfully.  Defining it is mission impossible owing to its multifaceted characteristics, and is only exacerbated by the existence of domestic, and international arbitration. Primarily, to grasp the essence of arbitration, it should be noted that this is an alternative mechanism of resolving disputes, therefore, without recourse to courts of law.  The parties at odds can go to court and initiate litigation.  Alternatively, arbitration is another avenue for settling the dispute.  Arbitration is not only reserved for […]

06 Jan, 2020

Serbia’s financial system reforms receive European Commission stamp of approval

The National Bank of Serbia is making inroads into harmonizing local legislation with European Union (“EU”) legislation, especially into amending regulations governing the operation of banks and other financial institutions. The European Commission (“EC”) adopted a decision of importance for the Republic of Serbia, which was published on 18 December 2019 in the Official Journal of the EU. Serbia’s push to amend the regulatory and supervisory framework concerning banks’ operations and in particular to amend anti-money laundering and terrorist financing regulation has borne fruit and is a step in the right direction for building a stable financial system. This decision […]


First Council of Serbia’s New State Aid Watchdog to be Appointed by Parliament

Serbia’s Parliamentary Committee on Finance, State Budget and Control of Public Spending held a public hearing yesterday, December 3, 2019. Among the items on the agenda was the shortlisting of candidates for election to the State Aid Commission’s new Council and election of the Commission’s chairperson. Incumbent chairperson of the Commission, Vladimir Antonijević, was nominated for reelection to another five years in office, whereas other nominees for Council membership include Marko Vidaković, Ljiljana Blagojević, Dragan Đurđević, and Dušica Đorđević. In the light of the recently enacted new State Aid Act, on which draft we provided proposals in the course of […]

22 Nov, 2019

Gecić Law and Zdolšek Attorneys advise Gorenje Slovenia on the sale of Gorenje TIKI Serbia

Gecić Law assisted GORENJE doo gospodinjski aparati, Slovenia, as local legal counsel, in the acquisition of GORENJE TIKI doo Stara Pazova, Serbia by Swedish NIBE Industrier AB. Katja Zdolšek of Zdolšek Attorneys, Slovenia, led the advice. Gorenje Tiki is Gorenje’s Serbian affiliate and is proud to be one of Europe’s main water heater producers. Author: Ognjen Colić

06 Nov, 2019

Miluša Okiljević promoted to a Counsel position in our EU Law & Competition team

Dear Clients & Friends, Gecić Law is thrilled to announce the promotion of Miluša Okiljević to a Counsel position in our unrivalled EU Law & Competition team.  A Counsel designation is one of the firm’s highest for senior lawyers with substantial expertise in a particular legal practice. Miluša’s promotion is an accurate reflection of the strength and constant improvement of our practice, the abundance of the firm’s homegrown talent, and our ongoing professional advancement. Miluša joined Gecić Law three years ago, and by virtue of her aptitude, proactivity and hard work, she has advanced gradually through very responsible positions in the […]

31 Oct, 2019

All for One and One for All! – Antitrust Class Action: Part I

We all love to see the famous musketeer whoop, as a true stalwart of modern society.  Notwithstanding a reality check which may be otherwise, it does not necessarily mean that society is not continually aiming to reverse such “otherwise” state of affairs. Is it really: every man for himself and the Devil take the hindmost?  … even before the eerie courts? Well, fortunately not always. Casting an eye over justice systems around the world, one bumps into something called class action, or collective redress.  In common law systems, with the United States as their standard-bearer, class action is currently in […]

25 Oct, 2019

Ognjen Colić in a panel discussion at the Winter Vivaldi CFO Forum 2019

It is our great pleasure to announce that our Senior Counsel Ognjen Colić will be a panelist at the Winter Vivaldi CFO & LEGAL Forum, which will take place from 27th to 29th November 2019 in Mokra Gora. This year’s Forum will focus on Financial and Legal Security topics. Speakers and panelists of various profiles and industry sectors will present some of the major challenges and risks faced by companies. Ognjen Colić will participate in the closing panel discussion named “How to Avoid the Balkan Spy Scenario”*, where alongside other colleagues from the legal sector he will take an in-depth […]

15 Oct, 2019

The Agency Employment Bill- strengthening the rights of “leased” employees or the ultimate downfall of the working class?

The International Labor Organization Convention No. 181 on Private Employment Agencies, dating back to 1997, as one of the main reasons for passing the Convention cites recognition of the role of private employment agencies in the functioning of the labor market, as well as the need to provide employees with protection from abuse and guarantee freedom of association and enhancing social dialogue.  On 20 February 2013, the National Assembly of the Republic of Serbia adopted legislation ratifying the Convention, bearing in mind that strengthening social dialogue at all levels is, inter alia, one of the requirements of Chapter 19 (Social […]

09 Oct, 2019

Social Media Giant Faces Scrutiny: Facebook Challenged

Is bad stronger than good? It is a fact that people are far more inclined to remember negative criticism or comments, than praise.  It takes so many positive events to make amends for just one negative event. The Court of Justice of the European Union issued a Press release on October 3, concerning judgement in the case in which Mme Eva Glawischnig-Piesczek sued Facebook Ireland before the Austrian courts.  She requested the removal of the notably harmful comment by a Facebook user which Austrian courts found insulting and defaming.   The news immediately hit the headlines! The plain and simple truth […]

10 Sep, 2019

The Singapore Convention – A Sisyphean Task or a Beginning of a (R)evolution?

Singapore – the Ceremony At the beginning of August, the United Nations Convention on International Settlement Agreements Resulting from Mediation (the “Convention”) was signed in Singapore.  The Convention signed by 46 states shall enter into force 6 months as from ratification in at least three signatory parties. The primary concern addressed by the Convention is how to motivate companies involved in cross-border projects and transactions to rely on the mediation process as a means of alternative dispute resolution, bearing in mind that it cut costs both in terms of time and material resources. Application and Benefits of the Convention The […]