Gecić Law Firm Serbia

26 Jul 2021

State Aid and Climate Change: The Challenges

Here we go again, fighting climate change.  This time, we are focusing on State aid and climate change, and discussing an important question – how green is State aid? Back in 2019, Europe ushered the European Green Deal.  The European Commission published a Communication on the European Green Deal in its tenacious efforts to tackle climate change and other environmental challenges.  This Communication is the EU’s attempt to work on the transition to a future where there will be no “bad emissions”, to put it plainly.  If we were to get more technical, to create a Europe with net-zero emissions […]

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Internet of Things: A New Brainiac in the Hood

A phenomenon known as the Internet of Things (“IoT”), which has been at the forefront of the global tech changes, recently caught the European Commission’s (“Commission”) attention.  The Commission’s Preliminary Report and Q&A on this tech & business sector is a big step towards acknowledging IoT as a market of the future, while simultaneously pointing out some potential dangers of this groundbreaking technology. Internet of Things – a Brief Explanation Let’s imagine this situation: you are not only an ardent coffee drinker but also a sleepyhead.  Your alarm wakes you up at 7.00 am.  You have little precious time to […]

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20 Jul 2021

Gecić Law Contributes to TerraLex Cross-Border Guides

As the exclusive member of TerraLex for Montenegro and Serbia, Gecić Law is proud to have contributed to the latest edition of the TerraLex Cross-Border Guides.  The guides offer a unique perspective on legislation across practice areas and jurisdictions throughout the world, offered by world-class law firms and distinguished TerraLex members. Our team, led by Senior Associate Danica Misojčić, contributed to the latest TerraLex Cross-Border Trademark Guide for the jurisdictions of Serbia and Montenegro, which is now live on the Terralex website.  Earlier this year, our Competition team contributed to the Anticorruption Legislation and Data Protection guides. Gecić Law has supported the […]

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19 Jul 2021

Digital Property and Tax: Tomorrow is Now?

In the past few years, virtual currencies have become very attractive to investors across the globe.  Their importance for world capital and money flows is constantly growing, which resulted in the need for them to be regulated.  That was the precise reason for the Republic of Serbia to adopt the Digital Property Act at the end of last year.  Its significance is recognized in defining digital assets for the very first time, thus introducing them into regulated economic flows. However, this Act alone could not resolve all issues and questions related to digital property.  For example, the Digital Property Act […]

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14 Jul 2021

European Commission officially reveals Fit for 55 package

The European Commission (“EC”) adopted the Fit for 55 climate action plan on Wednesday, announcing a legislative package that aims to cut carbon emissions in the European Union (“EU”) by 55% by 2030, compared to levels measured in 1990.  It also calls for action to make the continent carbon neutral by 2050. The Fit for 55 package includes provisions on expanding the EU Emissions Trading System to charge for carbon emissions in more sectors.  Additionally, it proposes Effort Sharing Regulation and prescribes new emissions-cutting targets per Member State.  It also calls for an increase in renewable energy sources use, creates […]

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12 Jul 2021

New Bill on the Regulation of the Agricultural Products Market

In the Republic of Serbia, agricultural policy is based on the Act on Agriculture and Rural Development and the Act on Incentives in Agriculture and Rural Development.  However, none of these two acts enable the regulation of the agricultural products market and the introduction of new market regulation mechanisms, which are necessary to help Serbian agriculture maintain steady development.  Market mechanisms in the Republic of Serbia are not in accordance with the common EU market organization.  Serbia lacks a similar unique legal framework to implement most measures of market regulation. In order to harmonize further with mechanisms in the EU, […]

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08 Jul 2021

Cryptocurrencies: Our future or our present?

Crypto, crypto, crypto…Wherever you go, whoever you talk to, crypto must be mentioned.  In the last few years, and especially in the last few months, virtual currencies and digital tokens have seen a true expansion.  More and more people are getting interested in crypto and are starting to trade in them.  As a result, the importance of cryptocurrencies is rising. “New” business and new earnings? Naturally, corporate giants recognized the upward trend and did not want to miss this “historical moment” to create a completely new way of doing business by entering a new market that generates huge profits. Recently, […]

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05 Jul 2021

Fit for 55 – The Future of Europe

At the event hosted by the API/IPA international press association, Slovenia revealed the priorities of its upcoming presidency of the Council of the EU and the Fit for 55 legislative package stole the spotlight all for itself.  Before leaning into the story of Fit for 55, let us make a quick turn to the conference held just a few days ago. Slovenia is taking over the Council of the EU presidency for the next six months.  The country’s Permanent Representative to the EU Mr. Iztok Jarc and his deputy Ms. Tamara Weingerl-Požar laid out the priorities of the presidency.  Of […]

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28 Jun 2021

The end of LIBOR

This year will bring big changes, at least when it comes to financial markets.  Namely, 2021 is when the long-awaited abolition of LIBOR will take place.  Although there was a lot of talk about technical obstacles that need to be overcome, change was seemingly inevitable. LIBOR (London Interbank Offered Rate) is the daily reference interest rate at which banks lend to each other on the interbank market.  It gained in importance in the 1990s, when the British Banking Association (“BBA”) settled relevant standards of regulation, the collection and analysis of data obtained, which will serve as a basis for calculating […]

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25 Jun 2021

Data protection and Big Tech: Is it just a bump in the road?

The topic of data protection and Big Tech keeps on giving.  It appears the subject of data protection simply does not want to leave the main stage and wishes to remain in everyone’s center of attention.  This should not come as a surprise, since the world is only starting to become more integrated in terms of digital services provided by Big Tech companies. The most recent “controversy” on data protection and Big Tech comes from Germany, or to be more precise, Hamburg’s Commissioner for Data Protection (“Commissioner”).  The Commissioner investigated Facebook’s use of personal data gathered from WhatsApp users and […]

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Serbia: One small step for a legislator means one big step for the EU acquis alignment

In the process of gradually aligning its legislation with the EU acquis the Government of the Republic of Serbia adopted two bylaws on 11 March 2021 in the field of state aid, complementary to the recently adopted new State Aid Control Act. All this adds value to the start of talks on the Chapter 8 – Competition Policy of Serbia’s negotiation process and may speed up Serbia’s EU accession. Regional Aid Regulation This regulation is designed to promote economic development of the least developed regions or the development of regions with a high level of unemployment. It also allows state […]

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14 Jun 2021

Gatekeepers and Digital Markets – EU Digital Saga continues

Some reports say that it would be impossible to live in the digital world outside of the ecosystem created by Big Tech giants.  The concentration of power in a small number of platforms has allowed some tech companies, popularly known as the Four Horsemen” to exercise unparalleled economic power and social impact almost without any oversight by regulators.  These companies have complete market dominance, each in their respective field of expertise: Apple in consumer electronics and mobile operating systems;  Facebook in the social media, Google in online searches, video-sharing and mapping-based navigation; and, finally, Amazon in the e-commerce market.  Hence, […]

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10 Jun 2021

The Status of Influencers in North Macedonia

The imaginary familiarity with a famous person through platforms such as Instagram is more common when the other party is a so-called influencer – a person that enjoys appreciation of a large number of users due to their reputation.  The imaginary closeness is, on the other hand, a very powerful tool in hands of influencers as users often aspire to emulate their lifestyle.  However, the lifestyle the influencer presents is not always genuine as the content presented often includes (some form of) promotion.  When an influencer shows on their profile that they use a certain product, there is a great […]

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07 Jun 2021

Amazon Wins Major Tax Battle Against EU

The EU’s second-highest court sided with Amazon.com (“Amazon”) recently, saying it did not owe millions to Luxembourg in unpaid taxes.  On May 12, 2021, the General Court (“Court”) overturned the European Commission’s (“Commission”) order to Amazon to pay EUR 250 million to Luxembourg, as reimbursement of illegal State aid. The Court held that the European Commission’s primary finding of an alleged advantage was based on an incorrect analysis.  Precisely, the Court argued that none of the findings set out by the Commission in the contested decision were sufficient to demonstrate the existence of an advantage for the purposes of Article […]

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03 Jun 2021

A Snitch in the Cartel – the Leniency Program

Business cartels between competing market participants are designed to limit or eliminate competition between them, with the objective of increasing prices and profit of the cartel members.  In practice, this is generally achieved by fixing prices, market sharing, limiting output, allocating customers or territories, bid-rigging, or a combination of the above.  Cartels are harmful to consumers and society as a whole since the participating businesses charge higher prices (and earn higher profits) than would be the case in a competitive market. Because of their negative impact on the market, competition legislation fights against cartels, imposing substantial fines on participants, which […]

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31 May 2021

The status of influencers in Bosnia & Herzegovina

Legal Framework for the so-called influencing  To say that there is no special advertising act in Bosnia and Herzegovina (“BiH”) is not completely true.  Namely, certain forms of (illegal) advertising are regulated by the Prohibited Advertising Act.  This Act regulates the protection of merchants from illicit advertising, the protection of procedures and determines forms of illicit advertising.  On the other hand, advertising as such is regulated indirectly at the level of the Federation. In this regard, the Consumer Protection Act is applicable, considering that BiH is one of few European countries that has neither a media act nor an electronic […]

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28 May 2021

EU and Japan create Green Alliance to fight climate change

The European Union (“EU”) and Japan created a Green Alliance and issued a document on May 27 that defines their joint goals on climate change.  They committed to green growth and reaching carbon neutrality by 2050, reaffirming their commitment to the Paris Agreement. The creation of the alliance comes ahead of the UN climate conference in Glasgow in November. The event should define the implementation of the Paris Agreement. In the meantime, the EU and Japan have promised to promote green economy goals. They noted that they will help developing nations transition to low-carbon energy use. The two sides also […]

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27 May 2021

Global Corporate Tax (R)evolution

Joe Biden’s first big clash with the largest businesses in the US came as a result of his proposal to increase corporate tax and raised quite a few eyebrows.  Although Corporate America initially welcomed the massive government spending plan, it later expressed genuine concerns on the topic.  International corporate taxation has long presented a challenge for tax authorities worldwide, causing them losses in billions of tax dollars.  The US has been one of the largest backers of negotiations on a large-scale reform of international corporate taxation that have been going on for quite some time. However, an agreement is yet […]

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26 May 2021

Gecić Law’s website honored for the sixth year in a row

We are delighted to reveal that Gecić Law’s website continues to attract the attention of professionals globally as it has been recognized by several prestigious rankings.  Our website was positioned, for the sixth consecutive year, among the top-ranked Global law firm websites for 2021 in a selection of 23 law firm websites across the world. This prestigious ranking, published by Comrade, a leading US digital marketing network, puts us side by side with the world-class law firm Axiom among others. In another ranking of legal websites worldwide, Astra, a leading web design business, placed the Gecić Law website among the best legal websites globally. Furthermore, […]

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24 May 2021

Influencers in the Western Balkans – Croatia

Influencer marketing is a fast-growing discipline, and the number of influencers is growing every day in our region.  Like Serbia, Croatia is also “fertile ground” for influencer marketing and numerous extremely “influential influencers”.  Testimonies of many, both “micro” and “macro” influencers from Croatia, demonstrate that this indeed amounts to a full-time job. So, how does one hire an influencer?  In a nutshell, after “becoming famous”, influencers receive offers to promote various products and services on a daily basis, but how is this activity legally regulated in Croatia? Stay tuned, as we discuss below in greater detail the legal position of […]

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20 May 2021

Biggest gun-jumping fine or just a slap on the wrist?

The Serbian Competition Authority (“SCA”) recently focused on unapproved mergers i.e. gun-jumping.  The most recent “victim” of the SCA’s investigations into gun-jumping was Fortenova Grupa d.d. (“Fortenova”), with the only previous undertaking fined for gun-jumping being Prointer IT Solutions.  Meanwhile, Ernst & Young are also being investigated under the same allegations.  Is this simply a witch hunt or is there something going on here? Gun-jumping (not only during the Olympics) Before we get into the heart of the matter let`s define what gun-jumping is.  In competition law, gun-jumping is a concept pertaining to an unlawful pre-merger and pre-clearance coordination of […]

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17 May 2021

Bogdan Gecić talks to Forbes about client service

Bogdan Gecić, Managing Partner at Gecić Law, was quoted in Forbes, the leading global business publication, in an article titled “Nine Solutions for Gathering and Responding to Customer Feedback”. Bogdan was asked to join a panel of experts and share his perspective on the best ways to capture and implement client feedback from the point of view of an eminent entrepreneur in the legal and professional services industry. “Surveys and interviews are a great way to gauge what clients are really interested in.  In professional services, a client-centric approach to everything we do is essential, while understanding and anticipating our […]

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13 May 2021

TikTok May Have Gone Too Far in Child Data Collection

What do Facebook, WhatsApp and TikTok have in common?  Well, they are social media giants, with billions of users all around the world.  But there is something else that these platforms have in common that is worthy of attention.  Lately, they have all been “hunted down” by regulators over their data policies.  So, we wanted to take the time to say a few words on the TikTok case. What makes the TikTok case special?  As most of you already know, TikTok is a social media platform used to make short-form videos that last between 15 and 60 seconds.  The videos […]

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11 May 2021

EU to apply new enlargement methodology to Serbia and Montenegro

The Council of the EU agreed on Tuesday to apply its revised enlargement methodology in the accession negotiations of Serbia and Montenegro.  The new rules within the accession process aim to increase contacts at the ministerial level and promote fundamental reforms in the two countries.  Additionally, the new enlargement methodology has the goal of improving the predictability of the accession process. Furthermore, it reorganizes chapters into clusters to speed up negotiations between the states with the EU. The decision comes after the European Commission issued a Communication in February which addressed the need to improve the accession process. The new […]

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10 May 2021

Gecić Law’s Head of Corporate/M&A Ognjen Colić quoted in FAZ

Gecić Law’s expertise was yet again called upon by international media last Friday, as Head of Corporate/M&A Ognjen Colić was quoted in the leading German daily Frankfurter Allgemeine Zeitung (“FAZ”) where he commented on Serbia’s latest Decree on Incentive Measures for Immunisation and Prevention and Suppression of the Infectious Disease COVID-19.  In the article, Mr. Colić noted that the Official Gazette is yet to publish the latest decree on the new COVID-19 sick leave payment rules after the Serbian Government announced that only those vaccinated would be eligible for an incentive to on top of regular salary reimbursements.  Those infected […]

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10 May 2021

Many have asked us … what is the status of influencers in the Western Balkans?

Who are “influencers”? Developments in technology and the significant influence of social networks on modern life, have resulted in the development of a completely new breed of digital marketers – influencers[1].  Increasingly, successful brands now recognize influencer marketing as an extremely effective way to advertise their business which in turn expands their reach and increasing the sales of products and services. The term influencers originated in the English language, and many other languages, including Serbian, use anglicisms to refer to influencers to denote influential people within a certain group of people.  We are familiar with their work today on various […]

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29 Apr 2021

The Implementation of the Act on Determining the Origin of Property and Special Tax Has Started

I. Introductory Remarks The application of the Act on Determining the Origin of Property and Special Tax (“Act”) started on March 12, 2021. Since the introduction of the bill, the Act has attracted a lot of attention, both from the professional public and others, not only because of the subject of regulation, but also because of its legal solutions.  The Act came into force at the start of 2020, but its implementation was postponed for a year.  In that period, amid criticism, some amendments were added to the Act, just before the start of its implementation. It is noticeable that […]

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28 Apr 2021

What does the New Act on Archival Material and Archival Activity bring?

In addition to numerous novelties and changes in Serbian legislation, the beginning of this year was also marked by the legal regulation of archiving materials and similar documentation, which attracted significant attention.  The new Archival Material and Archival Activity Act (the “Act“) is not only an important step towards improving the protection of archival material and regulating archival activity, but also towards developing awareness of the importance of preservation of archival material, since that helps “protect” the history of our country. Until recently Serbia did not have a specific act which would comprehensively regulate the issue of archival material and […]

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27 Apr 2021

Developments in Energy Legislation in Serbia – a Path Towards a Green Future

The adoption of amendments, and the new group of energy-related acts are crucial for Serbia’s energy transition, which is set to be implemented through several new regulations.  All countries in the Western Balkans must transition to carbon-neutral energy sectors and become part of the integrated energy market.  The main goal of the transition is to increase the share of renewable energy sources, improve energy efficiency and reduce greenhouse gas emissions. Members of the Serbian Parliament adopted the Amendments to the Energy Act, the Act on Energy Efficiency and Rational Use of Energy (the “Energy Efficiency Act”) and the Amendments to […]

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Cartel Ties Prompting Disqualification

“Three Strikes, You’re Out!”, or, as in the practice of the UK’s watchdog, “third time is a charm”, but the fourth is not.  Let us check out the rules of fair play when it comes to protecting competition in the UK market. In the early 2020 Associated Lead Mills Ltd (ALM) and H.J. Enthoven Ltd (trading as BLM British Lead), two of the UK’s largest suppliers of rolled lead,  admitted to forming a cartel and thus breaking the law four times by colluding on prices, sharing the rolled lead market by arranging not to target certain customers, and purposely not […]

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24 Apr 2021

ESL: A Legal Perspective and Insights on the Football League that May Never Start

Introductory remarks There are many reasons why football is one of the world’s most successful and popular sports, and that Europe is its home.  As Rohan Roy said in his poem, football is “the most beautiful game”.  Although football has changed over the years, which was inevitable, it kept receiving support from its fans. Historically, adjustments to “the most important of the least important things” have been announced and introduced gradually, so that the core principles of football would survive. It is obvious that the fans and supporters were and always will be the reason for football’s worldwide success.  This […]

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20 Apr 2021

Serbian Climate Change Act – what to expect?

During the session held on March 18, Serbian MPs adopted the Climate Change Act (the “Act”).  The Minister of Environmental Protection, Ms. Irena Vujović noted that “the issues concerning environmental protection and climate change are of high priority and have finally received deserved attention from the Government of Serbia.” The main goal of the Act is to reduce greenhouse gas (“GHG”) emissions, as the accelerated development of technology and international trade make pollution, and especially emissions of GHG, a global problem. Long History of Global Climate Change Mitigation Acts The United Nations (the “UN”) noted the impending problems caused by […]

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Three’s a charm – Gecić Law announces the latest team promotions

At Gecić Law, we are delighted whenever we have the opportunity to reward professionals who best represent our core values. With this in mind, we are proud to announce another round of expansion and congratulate three of our star legal professionals. These include the promotion of Ivana Stojanović Raišić from Senior Associate to Counsel, while Jelena Škorić and Danica Misojčić will be promoted to Senior Associate positions. “We’re pleased to promote Ivana, Jelena and Danica. Our strategy has always been to build talent and reward the exceptional contribution of our team to the firm. It is truly wonderful to watch […]

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15 Apr 2021

New Electronic Invoicing Act – which novelties can we expect?

One of the significant novelties in Serbian legislation refers to the regulation of electronic invoicing through the  Electronic Invoicing Bill (the “Bill“).  The adoption of the Bill is on the agenda of the National Assembly on April 21, and it remains to be seen whether the Bill will be modified and and if so, which provisions will be changed. Reasons for the adoption of the Bill One of the key reasons for the adoption of the Bill is further harmonization of Serbian legislation  with European Union law.  Additionally, in the words of the Minister of Finance, the Bill ”improves the […]

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02 Apr 2021

EU Digital Saga Continues – Digital Services Act: A Service to Consumers, but a Disservice to Businesses?

After a short break from our previous reflections on the EU’s new set of regulations concerning digital markets (more details available here), we are back with an even more vivid and thorough breakdown of the proposed regulation. To pick up where we left off, we will be taking a closer look at the Digital Services Act (“DSA“ or „Act“). As we have already familiarized ourselves with the EU’s goals and ambitions regarding new digital market regulation, we can now fully indulge ourselves by taking a closer look at the Act.  We hope that you managed to catch your breath because […]

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24 Mar 2021

Vertical Restraints in the Sights of the Commission for Protection of Competition

In the last few months, the Serbian National Competition Authority (“NCA”) has turned its attention to sanctioning agreements between undertakings where resale prices are maintained.  After taking cases against consumer electronics undertakings, the NCA recently opened an investigation against a general importer and its three car dealers of “Audi” vehicles, in the course of its sectoral analysis of the markets of sales and after-sales services of motor vehicles. Resale Price Maintenance – What is the Problem? Resale price maintenance (“RPM”) is a contractual provision where the supplier (usually the manufacturer or general importer) binds the buyer (usually the distributor or […]

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19 Mar 2021

Silent, but not Uncooperative – an Important Decision by the ECJ

As the famous Arabic proverb says, ‘Silence is golden’.  And it seems that this nugget of ancient wisdom still holds true today – even in law; even when it comes to a high-profile case before the European Court of Justice.  To find out why would silence be so important as to cause a stir among lawyers throughout Europe, we must track back to the beginning.  What happened? On February 2, 2021, the European Court of Justice (ECJ) released a landmark ruling on due process rights in preliminary reference from the Italian Constitutional Court in DB v Commissione Nazionale per le […]

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12 Mar 2021

2020 in review – light at the end of the tunnel

At Gecić Law, we proudly look back at 2020 and remember it as a year of significant achievement. Some of our accomplishments singled out in this review testify not only to the ability of our team to quickly adapt to radically different circumstances, but to see them as an opportunity to affirm our core values, to build on them and to grow. We rose to the challenge, learned and developed, and in the process, we helped our employees, clients, and business partners gain the strength to overcome the uncertainty and grow together with us. These are the highlights of our […]

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10 Mar 2021

Gecić Law’s Milestone Win in Landmark State-Aid Case Attracts Media Attention

Gecić Law is currently representing Bosnia and Herzegovina in a procedure with the Energy Community, a landmark case across the Balkans related to alleged state aid in the construction of Block 7 of the Tuzla Thermal Power Plant, a project worth USD 1.1 billion, with co-counsel Marić & Co. Law Firm based in Sarajevo. Launched in 2018 by the Secretariat of the Energy Community against Bosnia and Herzegovina, the process has been marked by violation of due process, complete disregard for the rights of the defense as well as continuous bids of the prosecution to speed up the process and […]

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09 Mar 2021

Bogdan Gecić, the founder of Gecić Law Firm: There is a lot of room for innovation

Diplomacy & Commerce magazine, a syndication of London’s The Economist magazine for Serbia, prepared a special InFocus supplement as part of its February 2021 issue, with the aim of providing the readers a closer insight into the development of bilateral relations and successful cooperation between Serbia and the United Arab Emirates. Bogdan Gecic, Managing Partner at Gecic Law, a founding and exclusive member of the UAE Serbia Business club since 2019, gave an interview, which can be read in its entirety below. As an industry, the legal profession has been changing significantly. We have always believed there is a lot […]

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05 Mar 2021

Our Energy practice is growing every day

Our Energy practice team has repeatedly demonstrated its credibility by devising unique opportunities for greenfield and brownfield investments for our clients. We provide comprehensive solutions related to privatization, regulatory compliance and due diligence in cooperation with eminent regulatory, corporate and financial experts. Counsel to Norwegian NBT AS on Wind Farms Project in Serbia Our latest accomplishment in the energy sector is providing counsel to NBT AS, Norway, a utility-scale wind power developer (exceeding 100 KW of power), in partnering with WV International (formerly Windvision).  WV International has been developing wind farm projects in Serbia since 2010 and has been active […]

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03 Mar 2021

Gecić Law – a proud member of the “Elite” Global Legal Alliance TAGLaw according to Chambers & Partners

Gecic Law is proud to share the great news about a significant recognition received by the prestigious global alliance TAGLaw of which we are an exclusive member for Serbia and Montenegro. TAGLaw, the leading global alliance of law firms, has once again been recognized by Chambers & Partners as “Elite” for 2021, the highest ranking awarded to legal networks and alliances.  For over 30 years, Chambers and Partners has been researching the legal markets of over 180 countries, identifying the leading lawyers, law firms and networks worldwide through interviews with thousands of lawyers and their clients. Chambers prestigious reputation is based on the […]

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01 Mar 2021

The Treaty of Nice Turns 20

The Treaty of Nice, a landmark agreement in the history of the European integration process, celebrated its 20th anniversary last Friday. The legislation was signed on February 26, 2001 and came into force on February 1, 2003. The key aim of the Treaty was to introduce institutional changes and decision-making reform, amending the Maastricht Treaty and the Treaty of Rome, which would allow for the ensuing EU enlargement.  The Treaty introduced qualified majority voting in the European Council, removed national vetoes in many areas and gave the European Parliament the power to elect the Commission President. It formalized the principles […]

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24 Feb 2021

Information Society Service through the Eyes of the CJEU

On December 3, 2020, the Fourth Chamber of the Court of Justice of the European Union (CJEU) rendered a judgement in the case Star Taxi App SRL v Unitatea Administrativ Teritorială Municipiul Bucureşti prin Primar General and Consiliul General al Municipiului Bucureşti providing some extremely interesting conclusions, to say the least.  But let us leave the conclusions for later, and first touch upon the factual bits and pieces of the case. The Romanian company SC Star Taxi App SRL is a manager of an application which places users of taxi services directly in touch with taxi drivers all over Romania.  […]

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19 Feb 2021

Serbia and U.S. sign Investment Incentive Agreement

On January 21, 2021, the Republic of Serbia and the U.S. Government signed the Investment Incentive Agreement (“IIA“), still waiting to be ratified by the Serbian Parliament.  The IIA paves the way for the U.S. International Development Finance Corporation (DFC) to provide investment services in Serbia.  In September last year, DFC opened its first office on this side of the Atlantic, right here in Belgrade . The opening of DFC’s office in Belgrade is indeed a significant step forward in US-Serbia relations.  However, this is not their first foray into economic cooperation in this field.  IIA, judging by the available information […]

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12 Feb 2021

EU Digital Saga – the Beginning of the End for Big Tech Supremacy?

Beyond a shadow of a doubt, the Internet has been a key factor in driving globalization and economic growth in recent years.  Along the same lines, leading internet intermediaries have played an essential role in expediting this growth and providing companies of all sizes with the means to capitalize on all the benefits the digital era has to offer.  Thus, it is hardly surprising that many Internet intermediaries, such as Amazon, Facebook, and Google, are among the world’s most successful companies.  However, there are genuine concerns that their economic prosperity and progress are indirectly being encouraged by legislation that shields […]

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09 Feb 2021

“Roam Like at Home” in the Western Balkans as of July 1, 2021

The Necessity of the Digital Single Market… Not only is the global economy flourishing, it is going digital also. Information and communications technology is no longer a specific business sector but the foundation of all modern innovative economic systems. The Internet and digital technologies are transforming the lives we live, the way we work –personally, in business, and in our societies as they increasingly weave their way into all sectors of our economy and community. Consequently, our lives and, especially, our businesses need to follow global trends such as competitive strategies, marketing techniques, and business models, and that would not […]

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05 Feb 2021

Serbia set to allow entrepreneurs to declare bankruptcy: what are the potential solutions and does it set the stage for personal bankruptcy?

The Serbian Ministry of Economy formed a working group to draft an act that will regulate the bankruptcy of entrepreneurs (the “Draft“) following the Program for resolving problem loans for 2018-2020 of the Government of Serbia (the „Program“). Serbian bankruptcy legislation should now be complete since the Bankruptcy Act does not provide for a procedure in which creditors of an entrepreneur could collectively settle their claims. The view of the Government of Serbia stated in the Program, is that bankruptcy in the case of entrepreneurs should be regulated in a way that it could be carried out quickly and efficiently […]

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02 Feb 2021

Removing Competition and/or train tracks?

As you already know, we make it our business to bring you news of cases that are out of the ordinary and interesting in so many ways.  But this one is a first.  It is not new as in recent, because it all began 10 years ago, but new in the context of originality.  What you are about to read is the story of probably the most flagrant “abuse of dominant position” ever. Factual originality Providing the backdrop to this story is a business relationship in the Baltics between Lithuanian Railways (“LR”), the state-owned rail company in Lithuania, with responsibility […]

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29 Jan 2021

Tax Regime Changes on the Horizon & the Tax Administration Crusade Against the Gig Economy (Fact or Fiction)?

    The subject of adequate and/or fair tax regulation is always a hot topic.  Not only because it affects a country’s economy, but also people`s everyday lives.  Updates to tax regulations are almost always controversial.  This article gives an overview of amendments to Serbia’s Value Added Tax (“VAT”), and the wrangling between members of the gig economy and the Tax Administration.  The Ministry of Finance of the Republic of Serbia published the Value Added Tax Amendment Bill (“Bill”). The main changes are as follows: Open-end investment funds and alternative investment funds will be liable to VAT; VAT on speculative […]

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22 Jan 2021

The WhatsApp Case: The Love & Hate Relationship between Big Tech and Data Protection

Is there another earthshattering change in the tech sector that will be making headlines for the next few weeks?  Tech behemoths have certainly kept journalists and bloggers on their toes lately due to many recent dramatic changes and major decisions. WhatsApp, a company owned by Facebook, wanted to go the whole nine yards to become the most successful messaging and calls application, so its executives have quite recently reached a decision to update its privacy policy.  As it rolled out the latest updates for Android and iOS, the internet exploded with claims that this encrypted messaging app, whose major selling point […]

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19 Jan 2021

Act on Digital Assets – creating a new market

Digital assets. A somewhat contradictory notion, but for a short period of time, the digital assets managed to put to question the millennial legal perception of assets as something purely material. And that would not be so interesting if it were not for the digital assets’ ability to financially transform into money. Mining and cryptocurrencies have been filling newspaper columns for years now and the first thing that catches the eye is their monetary value. Behind these terms is a legally unregulated business creating a significant fortune for individuals who, as simple as it gets, just sit in front of […]

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29 Dec 2020

Trading Water – a 21st century inevitability or a cause for concern?

If you think you have seen “everything” in 2020, well, think again!  This is the year that sees water traded on the stock exchange for the first time ever.  News from Wall Street that water is to be traded on the stock exchange spread quickly and overshadowed a raft of other, important financial stories. This December the world’s largest financial derivatives exchange, the CME Group, launched futures contracts tied to the spot price of water in California, a market of $ 1.1 billion.  The very concept of trading water inevitably gives us all pause for thought about the reasons for […]

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16 Dec 2020

PayPal expands its services to cryptocurrencies

After many years of speculations on its interest in cryptocurrencies, this year PayPal finally announced that it will enable its users to buy and sell cryptocurrencies, as well as to safe keep them in crypto wallets on their accounts.  With the money from the sale of cryptocurrencies, users may freely buy goods and services. PayPal, the American company whose main business activity is the provision of payment services related to electronic money, has been long present in the payment services market.  PayPal is not a bank, because it does not use the funds of the users for its own needs, […]

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15 Dec 2020

Filming in Serbia – a League of Artists, Businessmen, State Aid, Belgrade Architecture and James Bond

One Belgrade University professor used to say that cinematography is an arranged marriage that marries investors and intellectual creators/artists. We respectfully disagree with that statement – the “marriage” is missing a legal professional. Media law is a broad area that could, in some segments, include almost every branch of law – intellectual property, state aid, competition, company & commercial law, criminal law, human rights law, etc.  With this bulletin focusing on filming in Serbia, we are going to cover two of the most relevant issues for the film industry.  The first one is creators’ copyrights and producers’ right to economic […]

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14 Dec 2020

We are hiring a BD Manager

Gecić Law is pursuing a competent and experienced Business Development Manager to join our young, talented, diverse, and dynamic team, the winner of the prestigious The Lawyer European Award 2020 for the Law firm of the year: Eastern Europe and the Balkans. Are you ready to join one of the foremost innovative law firms in Serbia, truly committed to building long-term relationships with clients, striving to achieve exceptional results by adopting creative models for the delivery of legal services? What we are looking for: • Bachelor’s degree (advanced degree or MBA is a plus) • Minimum 3 years of experience in a […]

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07 Dec 2020

Freelancers & taxes in Serbia: No Free Lunch?

As much as the rise of new technologies and novel business models has shown as inevitable in the past few decades, so has the payment of taxes. Most taxpayers operating in the Republic of Serbia are aware of their obligation to pay taxes and contributions. However, questions arise for those who work and earn abroad through new and increasingly complex business models (although physically residing mostly in Serbia), and may not be aware that they have to pay taxes and contributions, and should report to the Tax Office. The precipitous rise in the number of new types of creatives and […]

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28 Nov 2020

The Lawyer Awards 2020: Gecić Law Amongst Europe’s Competition & Antitrust Elite

Gecić Law’s innovation, drive and perseverance in pushing the envelope ever further, were once again recognized at the very highest level, by The Lawyer, a leading global legal magazine. This year, we entered Europe’s exclusive legal playoffs and were honored to be shortlisted for The Lawyer European Awards in two competitive categories, of which one is Europe-wide: European competition or antitrust team of the year – Top Five category, where we entered again the revered playoffs, neck and neck with the best competition and antitrust teams from the whole of Europe (without the UK). Law firm of the year: Eastern […]

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23 Nov 2020

Are Major High-Tech Companies “Skirting the Law” in Serbia Regarding Personal Data Protection?

Although it has been more than a year since the new Personal Data Protection Act (“Act”) entered into force in Serbia, some of its provisions are not yet fully applicable.  One clear-cut example is Article 44 of the Act, which requires foreign companies (therefore those who does not have a registered business seat in Serbia) to appoint a Personal Data Protection Representative for Serbia (“Representative”). Who is the Representative? This provision, (as well as the majority of the Act’s provisions), was adopted from Article 27 of the General Data Protection Regulation (“GDPR”) and refers to any personal data controller and […]

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06 Nov 2020

The digital euro in Serbia

Autumn on the European money market has sparked discussion on digital money. The rapid development and use of digital technology increased the volume of online/e-payments due to COVID-19, but also competition coming from digital currencies developed by other central banks, such as the Chinese central bank, from cryptocurrencies and digital currencies developed by tech giants, are some of the reasons that spurred the European Central Bank (ECB) i.e. Eurosystem to publish the Report on a digital euro. The Report analyses potential options and conditions under which the digital euro could operate, reflecting clear caution from its introduction as a means […]

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04 Nov 2020

Montenegro Airlines: The Next Accession ‘Shipyards’ Case?

Here we bring you a more detailed overview of the State aid package granted to Montenegro Airlines A.D. Podgorica, Montenegro’s national airline. We touched on the topic a few weeks ago. Introduction To recap, just days after announcing a EUR 133 million aid package for Montenegro Airlines the country’s national competition and state aid authority, the Protection of Competition Agency (“Agency“), launched an investigation into the State aid package. The Agency’s investigation found that the MEO test conditions had not been fulfilled, therefore qualifying this boost to Montenegro Airlines as State aid. On foot of that finding the Agency ordered […]

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27 Oct 2020

Independence and impartiality of experts in arbitration and court proceedings

Do experts in arbitration and court proceedings help tribunals in making decisions or they are just instruments a party? Experts in arbitration and court proceedings have the task of assisting arbitrators and judges, in connection with complex issues related to a particular field. These experts possess specialized knowledge in various fields and help the arbitral tribunal and judges to better understand the problem that is being adjudicated. Experts make an exceptional contribution to the accurate assessment of the facts of the case since the tribunal itself often does not have the necessary expertise in a certain field. Even in the […]

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22 Oct 2020

One-stop-shop for registering Healthcare Services with SBRA

From October 11, 2020, the Serbian Business Registers Agency (“SBRA”) will start keeping the Register of Healthcare Institutions (“Register”) as a single record of healthcare service providers, in accordance with the Healthcare Act (“Act”). The Register is a unified record of healthcare service providers, which includes data about healthcare institutions and private practices throughout the Republic of Serbia. Therefore, data about public and private healthcare institutions have been consolidated in the Register. Before the introduction of the Register, healthcare institutions had to register with the competent commercial courts.  Now, the Register, as an electronic, central, public database of registered healthcare […]

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21 Oct 2020

What are the advantages of having a folio extract issued by a notary public?

The new Decree on Conditions for Issuing Extracts from the Ordnance Survey, Real Estate and Land Registry Information System, by Notaries Public and Surveyors (“Decree“) cuts through another piece of red tape – the need to apply exclusively to the Republic Ordnance Survey Authority for folio extracts.   However, the Decree is a source of some controversy in terms of application.  Will the Decree see us spend even more time queuing at counters and in consultation with experts? The main innovations under the Decree are: When disposing of real estate and concluding other transactions before notaries, parties will no longer have to obtain a folio […]

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12 Oct 2020

The New Public Procurement Act: How Does it Help in the Fight Against Bid-rigging

The New Public Procurement Act (“new Act”) was adopted in December 2019 and came into force on January 1, 2020.  The key objectives of the new act are increased transparency within the public procurement procedure, elimination of the administrative burden and increased competition between the participants in the procedure. If conducted legally, the public procurement process should result in the acquisition of the highest possible quality of goods or services for the lowest possible price.  However, collusion between bidders, i.e. “bid-rigging”, eliminates genuine competition and hinders the interests of both purchasers and taxpayers. Bids can be rigged through secret coordination […]

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06 Oct 2020

A new stage in the development of the judiciary in Serbia between 2020-2025

The development of the judiciary is one of the key priorities for the Republic of Serbia. It is a permanent process of modernization and harmonization of the judiciary with the needs of the state and society, in order to ensure rule of law and enhance legal certainty. In line with this, on July 10, the Government of the Republic of Serbia, adopted Judicial Development Strategy for the time period between 2020 and 2025  (“Strategy”), as well as the revised Action Plan for the Chapter 23 (“Action plan”).  We would also like to point out that AmCham Serbia, of which Gecić […]

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01 Oct 2020

TerraLex & Gecić Law Featured in CorD Magazine September 2020 Edition

One of the foremost business publications in Serbia, CorD Magazine featured in its latest edition, a joint interview with Terri Peper Gavulic of TerraLex and our managing partner Bogdan Gecić, revealing all the innovative initiatives we’ve been continuously working on, to offer our clients the utmost benefits and global support in a pandemic stricken world. Our story with TerraLex begins in 2017, when we joined this elite legal network as the only local member for Serbian and Montenegrin jurisdictions, taking a step forward in our global aspirations and business standards. Since then, we have collaborated on a variety of exciting projects, such as […]

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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. […]

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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 21 […]

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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 merchants and customers, 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, […]

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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 […]

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31 Jul 2020

It’s the Final Countdown in Slovenia – Agrokor and AVK

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 […]

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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 […]

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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 […]

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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 […]

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01 Jul 2020

Gecić Law contributes to the Serbian chapter of TerraLex Cross-border Guides

Gecić Law is delighted to announce that TerraLex Cross-Border Guides are finally out! It is our great pleasure to be part of such a standout project year after year, alongside other world-class law firms and distinguished TerraLex members, in our joined mission to help create tailored guides on legislation across jurisdictions. In 2020, our Senior Counsel and Head of Corporate / M&A practice Ognjen Colić and our Counsel Miluša Okiljević, with contributions from the rest of the team, provided comprehensive and thorough guidance through regulatory framework and development for 5 different industries in Serbia: M&A Mining Labor and Employment Crisis […]

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19 Jun 2020

Serbia on the path of adopting the Circular Economy model

Serbia – a leader in the Western Balkans Nowadays, we face numerous global challenges such as the extinction of flora and fauna, endangering of ecosystems, the continuous growth of waste, pollution and scarcity of natural resources as effects of climate changes and pollution. Radical changes are more urgent than ever and Serbia is now embarking on the course to implement them. The Ministry of Environmental Protection with the support of the UNDP project “Circular Economy Platform for Sustainable Development in Serbia”, developed a document entitled Roadmap for circular economy(“Roadmap”).  The Roadmap is modeled on the type of existing documents in […]

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10 Jun 2020

Serbia signs and ratifies the so-called Convention 108+

Whenever you leave your home, buy something, apply for a job or pay bills these days – pretty much almost whatever you do –  your personal information is used, collected or processed.  In order to protect your right to private life regarding the automatic processing of your personal data, the Council of Europe adopted the Convention for the Protection of Individuals with regard to Automatic Processing of Personal Data – ETS No. 108 (“Convention 108”). (No) Need to Modernize the Convention Convention 108 is the first binding international instrument protecting individuals against abuses that may accompany the collection and processing […]

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05 Jun 2020

Gecić Law the first law firm to join the Responsible Business Forum Serbia

We are proud to announce that Gecić Law is the first member law firm and a pro bono partner of the Responsible Business Forum Serbia (Forum za odgovorno poslovanje), an organization founded in 2008 by some of the largest companies in Serbia dedicated to improving the local society through principles of sustainable development. The Forum’s motto is “Better business for better society” while its goal is to empower companies to conduct their business in line with principles of sustainability, responsibility and ethics, and to combine the know-how and the resources to further best business practices which bring measurable and positive […]

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02 Jun 2020

Self-driving cars on the road – who’s liable for damages?

Self-driving cars are almost a century-old dream. Ever since the concept of autonomous vehicles was presented at the 1939 New York World Fair sponsored by General Motors, the industry’s greats have raced to be the first to manufacture a self-driving car. Now, thanks to the development of Artificial Intelligence (“AI”), this dream is ever closer to reality. Self-driving cars – (not) all quiet on the Western front? The US state of Nevada is (in)famous for its casinos, luxury resorts and the showbiz industry. However, Nevada is also known for being among the first to allow (limited) participation of self-driving cars […]

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11 May 2020

Fighting the Onslaught of COVID-19 Litigation?

As worldwide lockdowns slowly recede and many of us, including courts, claimants and respondents, step back out of quarantines, we will be “greeted” by a plethora of complex litigation issues. The large number and complexity of these issues will require all sides to put in place even more sophisticated strategies to tackle the ensuing litigation onslaught. According to Harold Kim, the president of the U.S. Chamber Institute for Legal Reform, “[t]his early litigation is really, from our vantage point, the tip of the iceberg”. Cue May 6, 2020: Serbia rescinded the almost two-month-long state of emergency and relaxed measures restricting […]

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08 May 2020

The latest judgment of the Federal Constitutional Court of Germany – a serious blow to the decision-making of the courts in the European Union?

On May 5, 2020, the Federal Constitutional Court of Germany  (“Constitutional Court”) delivered a judgment approving several constitutional complaints.  The complaints pertain to the Public Sector Purchase Program (“PSPP”) and allege that it violates the prohibition of monetary financing under Article 123 of the Treaty on the Functioning of the European Union (“TFEU”) and the principle of conferral provided for in Art. 5(1) of the Treaty on European Union (“TEU”). It is important to note that the European Court of Justice ruled on the matter on December 11, 2018, stating that the PSPP did not violate the funding ban. Two […]

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06 May 2020

The same look, the same purpose of a computer program – copyright infringement or not?

Programming is the creative process of writing a particular set of characters, which, in a certain sequence, is an instruction for a computer to perform a particular action.  In order for the computer to “recognize” the instruction, the programmer must be as detailed and precise as possible when writing the specific instruction.  A computer program consists of a set of instructions and, consequently, a large number of instructions need to be written. The oldest computer systems were created in the first half of the last century, which were mechanical or electromechanical in type.  In order to introduce a new program […]

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29 Apr 2020

KOSTT-EMS Energy Dispute: One of the longest and most complex disputes in the Energy Community nears an end

On April 20, 2020, Serbian and Kosovar* transmission system operators (“TSOs”) finally took a step forward to end a years-long dispute.  The breakthrough came on the back of protracted negotiations between the Kosovar* TSO KOSTT and the Serbian TSO EMS, facilitated by the European Network of Transmission System Operators for Electricity (“ENTSO-E”).  The vote on the draft Connection Agreement was successfully concluded by the Regional Group of Continental Europe.   Thanks to this vote and the subsequent deal, KOSTT and Kosovo* will leave the Serbia-Montenegro-North Macedonia control block and form the Kosovo*- Albania control block, as announced a number of […]

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28 Apr 2020

New Trademarks Act – a step closer in aligning Serbian legislation with EU law

On February 1, 2020, a new Trademarks Act („Act“) came into force with a view to addressing shortcomings observed during the application of the previous act, to establish a more efficient system for trademark protection, as well as to align Serbian legislation with the laws of the EU Member States in this field. Placing trademarked goods and services on the market allows the trademark owner to distinguish those goods and services on the market from others that are the same or similar, while simultaneously increasing its responsibility towards consumers.  The importance of trademarks calls for an efficient and simple protection […]

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24 Apr 2020

Taxation: revised EU list of non-cooperative jurisdictions

The Economic and Financial Affairs Council (“the Council”) on 18 February 2020 adopted revised conclusions on the EU list of non-cooperative jurisdictions for tax purposes (“the EU list”).  The EU list (Annex I) includes non-EU countries or territories which had not made sufficient commitments in response to the EU‘s concerns about taxation arrangements.  The State of play section (Annex II) lists the jurisdictions which had responded with sufficient commitments.  Therefore, the jurisdictions that do not yet comply with all international tax standards but have committed to reforms are included in Annex II.  These countries need to take effective actions to […]

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23 Mar 2020

Bogdan Gecić becomes member of the prestigious Young Entrepreneurs Council (YEC)

“Aim to make a difference, a dent in the universe and don’t settle for anything less. Always be innovative and creative – those are the key things that always generate true added value.”   This attitude, inspired by the words of the legendary Steve Jobs, is what led Bogdan Gecić, the founder of Gecić Law, to be recently chosen to be one of only 400 members of the prestigious Young Entrepreneurs Council (YEC). The YEC is a global invitation-only, US-based community of entrepreneurs and leaders under the age of 45, who have made major impact in diverse industries and sectors. […]

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06 Mar 2020

Amendments to the Cadaster Registry Act – additional benefits for the parties

On 24 February 2020 the National Assembly of the Republic of Serbia adopted the Registry of Real Estate, Overhead Lines and Underground Ducts (Registration Procedure) Amendment Act (“Registration Procedure Act”).  The amendments will enter into force on 3 March 2020, while certain provisions shall apply as from 31 March 2020. The main idea was to simplify the procedure before the Republic Ordnance Survey Authority. A key change concerns Article 39 of the Registration Procedure Act, which now stipulates that service of procedural documents to parties will be effected in the form of an electronic document via single electronic mailbox.  If […]

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10 Feb 2020

Gecić Law Contributes to The TerraLex Cross-Border Tailored Guides for Clients

We are thrilled to announce that TerraLex has launched a new cross-border guides tool that offers clients access to invaluable overviews of various areas of law from multiple jurisdictions, with the ability to compare them. Gecić Law, together with RPC from UK, Schiff Hardin LLP from US, Hylands Law Firm from China, among other selected TerraLex members worldwide, contributed to the creation of these tailored guides.  Our leading experts provided input on Serbian legislation for the Pre-Merger Notification, Cross-Border Copyright and Tracing Assets Around the World guides. About TerraLex TerraLex is a worldwide legal network which helps member firms serve […]

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The UK’s CMA: Facebook and eBay to Tackle Fake Reviews

We don our Facebook spyglass once again.  However, unlike the last time it was on our radar, Facebook is now a model co-operator. With the goal of putting their products and services on the map, and bringing home the bacon, many users on social media and other online platforms have been involved in trading fake and misleading reviews as a way of reaching their selling point.  The thing is, Facebook and eBay users have been using word-of-mouth marketing to go viral.  Creating a buzz around your product/service is certainly what sells in this digital age. Good for them!  What is […]

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24 Jan 2020

Brexit Up and Running

“Saying goodbye to everyone at a party and then proceeding to stick around“ – meaning of Brexiting as branded by the Urban dictionary to describe a specific social faux pas.  Though, as of today, it represents an expression not very up-to-date.  Namely, a Press release has been launched showing that in Brussels, Presidents of the European Council Charles Michel and of the European Commission Ursula von der Leyen signed the Agreement on the Withdrawal of the UK.  The EU Parliament’s plenary is on the move with holding a vote on the agreement which is on the agenda for January 29.  […]

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16 Jan 2020

The Nikola Spasić Endowment – once larger than the Nobel Fund, today donates hundreds of thousands of euros

The Endowment of the great Serbian national benefactor, Nikola Spasić, maintains a long-standing tradition of financially rewarding the best students from the Faculty of Medicine and Faculty of Agriculture in Belgrade. In 2019, the Endowment donated approximately €300,000 to charity. A total of 13 students with outstanding grade averages from the Faculty of Medicine and Faculty of Agriculture were awarded. Congratulations to all the award winners, and kudos to the Nikola Spasić Foundation Board for this exceptional charitable gesture. About the Nikola Spasić Endowment Nikola Spasić was a prominent Serbian businessman of the 19th century, President of the Belgrade Stock […]

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19 Apr 2019

Gecić Law Continues Its Bullish Run in the Legal 500 Rankings

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 has 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 […]

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22 Jun 2018

GDPR in Serbia (and Other Non-EU Countries) – A Foreign Investors’ Perspective

General Data Protection Regulation (GDPR) is currently a global hot topic – and for a good reason. It practically revamps the legal framework concerning Data Protection rules, introduces a whole set of new obligations while imposing massive fines for non-compliance.  While the GDPR came into the force recently, it is no surprise that many are worried how it will affect their organizations as the legislation, under certain conditions, is to be applied worldwide —both inside and outside of the EU. Given that compliance with the GDPR will be no mean feat, requiring vast amount of time and resources, no matter how […]

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06 Jun 2018

No Antitrust Liability for National Bar Association (AKS) as Commission Closes Case

Gecić Law successfully represented the Bar Association of Serbia in a positive resolution of a landmark antitrust probe in Serbia (link).  On May 24, 2018, the Serbian Commission for Protection of Competition, the national competition authority (“Commission”) dropped a four-year antitrust investigation into the Bar Association of Serbia – Advokatska komora Srbije (“AKS”), without taking any further action (link).  The Commission’s decision puts to rest one of the longest standing investigations in recent history against AKS, a more than 9000-lawyer strong organization and one of the largest bar associations in the Balkans. In 2014, the Commission opened a probe against […]

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30 Apr 2018

Excitement at the TerraLex Global Meeting 2018

What exciting few days at the Terralex’s Global meeting in Barcelona, Spain!  We are happy to report that Gecić Law was part of this premier and unforgettable event of leading legal professionals from around the globe organized by TerraLex, the world’s leading international legal network.  Adding to the excitement was the fact that TerraLex was recently awarded Global Network of the Year at The Lawyer’s annual European Awards in recognition of its member’s commitment to innovation and collaboration (Gecić Law was also shortlisted). Coordinated with the gracious host, impressive Spanish firm of Roca Junyent, the event took place over four […]

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27 Apr 2018

Market Disruptor – Youngest Law Firm Continues Tier 1 Ranking

GECIĆ LAW RECOGNIZED AGAIN AS TOP TIER LAW FIRM BY LEGAL 500 We are proud to announce that Legal 500, the prestigious UK-based guide to the world’s best law firms, has ranked Gecić Law for the second consecutive year as a Top Tier firm in Serbia in its EMEA guide for 2018. The firm’s practice in the field of Competition Law has been ranked as Tier 1, while the Commercial, Corporate and M&A practice maintained an enviable Tier 2 amongst fierce competition of traditional market incumbents.  Furthermore, for the first time this year, our dynamic Banking & Finance practice was […]

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30 Mar 2018

Historic Ruling: Biggest Fine in Serbian Competition Law Annulled

A testament to human rights safeguards or show of a deeply flawed system? Summary Gecić Law successfully assisted EPS Distribution, the leading regional distribution operator, in obtaining a landmark judgement from the Administrative Court that annulled the RSD 330 million fine (cca. EUR 3 million) previously levied against this company by the Serbian watchdog.  The court confirmed that the record fine was imposed in violation of the basic principles of national and EU competition law, as well as ECHR guaranteed human rights.  After a long and tumultuous battle, which took years and a total of three judgements, EPS Distribution finally […]

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30 Jan 2018

Spotlight on IT Companies Part II – Alterations of the Software

In our previous piece (link), we discussed the relationship between IT companies and developers in the field of material copyrights over computer programs (“software”) in context of commercial usage of software by IT companies. However, the relationship between IT companies and developers in the field of copyrights might be of particular importance when it comes to amendments, adaptations, adjustments and other changes to the software as a copyrighted work. Namely, IT companies often modify, customize, upgrade and/or update software developed by their employed developers and/or external developers, or deliver the subject software to their clients for further modifications, customizations, adaptations, adjustments and […]

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24 Jan 2018

Gecić Law Contributes to the first ever Serbia chapter of the Transnational Litigation Guide

We are excited to announce that Gecić Law, contributed to the first-ever Serbia chapter of the Transnational Litigation Guide, December 2017 update.  Published by Thomson Reuters, the most recent guide offers comprehensive overview and detailed analysis of litigation procedure as well as insight into the tactical, substantive and procedural issues of Serbian litigation system along with more than 27 other major legal systems. Authored by Ognjen Colić and Jovan Rajković, senior counsels at Gecić Law, the Serbian chapter includes detailed information and insights into Serbian litigation rules and covers topics such as: structure of courts, obtaining jurisdiction and choice of forum, […]

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