On July 22, 2019, the European Commission (“Commission”) reported that it has adopted a new Notice on the Recovery of Unlawful and Incompatible State Aid (the “New Notice”), in order to take stock of the Commission’s decisional-practice and case law of the Union courts. The New Notice came about as a result of a public consultation targeting main stakeholders such as public authorities, citizens, companies and organizations. Member States and the EFTA Surveillance Authority also contributed to the document. Compared to the previous 2007 Recovery Notice, the New Notice explains in greater detail how the Commission may assist Member States when implementing recovery […]
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Every country in the world strives to attract as much foreign investment as possible. And when it comes to foreign investment, greenfield foreign direct investments are where it’s at. “Ah, yes, greenfield investments…yup, they’re great…nice…and green…like dollars…alright, I’ve no idea, enlighten me! someone may say. Greenfield investments (GI) refer to a type of foreign direct investment (FDI) where a parent company establishes a subsidiary in a foreign country, building its operations and facilities from the ground up, which includes the building of new distribution hubs, offices and living quarters. This kind of investment is riskier and calls for a heavy […]
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The National Assembly of the Republic of Serbia recently passed the Enforcement and Security Interest (Amendment) Act (“Act”) which is set to be enacted on August 3, 2019 and come into force as of January 1, 2020. The Act contains a series of amendments to address shortcomings and resolve issues that have arisen in practice, and to ring the changes with the introduction of electronic filing of motions for enforcement, an electronic bulletin board, electronic public auctions, expedited enforcement proceedings etc. However, much controversy surrounds the fact that Article 170 prescribes that the Act shall come into force as of […]
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July 3, 2019 is the day that triggered change in Serbia. “What change?”, one may ask. A big one! Let us take you back to our article “Amendments to the Serbian Criminal Code: Restrictive Agreements” from 2017, where we discussed Serbia’s decision to add a new criminal offence to the Criminal Code regarding restrictive agreements, which entered into force on March 1, 2018. This should have stamped out cartels and levelled the playing field, right? Well… no such luck. It’s been a year since restrictive agreements were criminalized and not one charge has been brought on these grounds. Until now […]
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“I want to get away, I want to fly away”, Lenny Kravitz sang. Ok Lenny, but which airline will you choose? The cheapest one? Way to go! But let’s check something first. Have you noticed the disparity in ticket prices between EU and non-EU airlines, which in turn has a knock-on effect on who you chose to fly with, Lenny? Oh, so, you haven’t noticed? Who cares, right? You usually take to the skies in your private jet so matters as trivial as these don’t concern you. Well, guess what Lenny – THE EU CARES! Aviation is widely regulated throughout […]
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Had a missed call on WhatsApp recently? Only days after the story broke of Russia allegedly spying on Norway with the help of a charming white beluga whale, we are again witnessing a similar threat, albeit this time much more serious. The Financial Times (“FT”) reported recently that a vulnerability was discovered in the WhatsApp messaging app, which enabled attackers to transmit a malicious code named Pegasus to a target’s device by calling him/her. The scary part? One did not even have to receive or click on the phone call – the code transmitted itself without any action on behalf […]
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Gecić Law has been highly commended, taking second place in all of Europe in the “European competition or anti-trust deal of the year” category at The Lawyer European Awards 2019 held in London. The awards and recognitions are bestowed on Europe’s preeminent law firms for their accomplishments in the legal industry, and the 2019th edition celebrated the 10th anniversary of this prestigious annual awards ceremony. The Gecić Law team, headed by Bogdan Gecić, was recognized at the awards ceremony for its work in successfully advising and representing Serbia in landmark antidumping proceedings against Serbia before the European Commission. The proceedings […]
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Gecić Law is delighted to announce yet another commendation by The Legal 500 EMEA, one of the most eminent and prestigious directories of the legal world. Our Banking & Finance practice continues its bullish run to the national top. Its head Nikola Aksić was named to the guide’s “Leading Individuals” elite list of outstanding lawyers in the country, only one year after being recommended by the guide. The practice also went up in the overall rankings, securing a Tier 2 recognition. And we haven’t stopped there. Our Corporate/M&A practice is not lagging behind. The practice head Ognjen Colić […]
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Last year, Gecić Law was shortlisted with only six other firms for the “Law firm of the year: Eastern Europe and the Balkans” by London’s The Lawyer, one of the leading global publishers in the legal industry. We are delighted and proud to announce that this year, not only have we again been selected as one of only seven firms in all of Eastern Europe and the Balkans to be shortlisted but, more importantly, we have also been nominated for the coveted “European competition and antitrust deal of the year”. This places Gecić Law as the only Balkans law firm […]
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Gecić Law is delighted to have contributed to the Serbian chapter of the TerraLex Cross-Border Copyright Guide 2019! Copyright rules are becoming increasingly important to businesses and decision-makers across the globe, especially as global economies are increasingly becoming digitalized and creative and software industries are expanding continuously. This guide offers a great insight on copyright legislation across national boundaries. The comprehensive guide covers 24 global jurisdictions, which TerraLex has found to play a significant role to global businesses, including the Republic of Serbia! If you would like to read on how to protect your ideas and innovations in different countries, […]
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