Gecić Law Firm Serbia

17 May 2024

Serbia Proposes Tax Amendments to Encourage Food Donation and Reduce Waste

A recent initiative has emerged in Serbia, proposing amendments to the Value Added Tax Act with a dual purpose: encouraging food donations and combating food waste.  These proposed changes carry significant implications, not only for the economy but also for environmental, social, and governance (ESG) considerations. The Proposal The proposed amendments present a strong possibility to tackle food waste by incentivizing surplus food donations from legal entities involved in food production or sales.  By exempting such donations from Value Added Tax (VAT), the initiative aims to eliminate financial barriers that often deter businesses from contributing excess food to social and […]

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15 May 2024

CBAM: First Informal Expert Group Meeting

The inaugural meeting of the informal Expert Group on the Carbon Border Adjustment Mechanism (CBAM) took place online on April 23, 2024.  Hosted by the Directorate-General for Taxation and Customs Union (DG TAXUD), the meeting marked the beginning of a collaborative effort to guide the implementation of CBAM during its transitional phase and the definitive period, which is set to commence on January 1, 2026.  The expert group comprises representatives from EU Member States, industry associations, NGOs, civil society, observers from third countries and international organizations. The session began with a welcome from DG TAXUD, acknowledging the participants’ commitment to […]

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13 May 2024

Major Win in Premier League BiH Broadcasting Rights Antitrust Case for Arena Channels Group

Gecić Law is pleased to announce yet another legal victory, in collaboration with Marić & Co Law Firm, in a critical antitrust case in Bosnia and Herzegovina.  The Competition Council of Bosnia and Herzegovina has fully rejected the claim submitted by Telemach BH d.o.o. (“Telemach”) which alleged that Telekomunikacije Republike Srpske a.d. (“Mtel”), BH Telecom a.d. (“BH Telecom”), and Arena Channels Group d.o.o. (“ACG”) had violated competition law in broadcasting of the Bosnian national football league – the Premier League of Bosnia and Herzegovina (“Premier League BiH”).  On April 26, 2024, the Competition Council ruled that Mtel, ACG, and BH […]

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08 May 2024

Are Architects Receiving the Credit They Are Entitled To?

Introduction Serbia’s real estate sector has become a notable part of the economy, accounting for 5.5% of the GDP.  Moreover, the economic slowdown has not affected the sector significantly.  In fact, new developments are on the rise, continuously changing communities and lifestyles.  Although investors clearly are fueling this expansion, the architects often are not acknowledged sufficiently.  This article focuses on their role in the construction boom, exploring the level of recognition they receive and the protection of their intellectual property rights. Adherence and Integrity of Design for Architects Architects are central to the compliance and design integrity of construction projects.  […]

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02 May 2024

Regulatory Pathways: Medicine Marketing Authorization in Serbia and the EU

Introduction to Medicine Marketing Authorization The pharmaceutical industry ranks among the most profitable sectors globally.  In 2023, its estimated global value reached USD 1.6 trillion.  This industry also plays a crucial societal role, given the importance of medicines and public health. Consequently, it faces strict regulations. This article explores the conditions for marketing medicines in Serbia.  It also highlights regulatory similarities between Serbia and the European Union in this area. Obtaining a Marketing Authorization in Serbia To address this question, we first need to define what a medicine is.  A medicine is a marketable product characterized by specific strength, pharmaceutical […]

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30 Apr 2024

Gecić Law Celebrates TAG Alliances’ 25th Anniversary

Gecić Law is delighted to honor an important milestone for TAG Alliances, as the elite global network marks its remarkable 25th anniversary.  As the exclusive member of TAGLaw for Montenegro and Serbia, we celebrate a quarter-century of excellence and innovation in global cooperation in legal services.  We look forward to the historic 50th International Conference in Nashville, which will mark the official commemoration of the anniversary. The History of TAG Alliances TAG Alliances originated in 1999, when founder Peter Appleton Jones established an alliance of law firms known as TAGLaw.  That same year, ten innovative law firms started collaborating at […]

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26 Apr 2024

ESG Adria Summit 2024: Driving Action for Sustainable Development

The ESG Adria Summit 2024, held in Tivat, Montenegro, successfully concluded its two-day agenda, leaving attendees enriched with insights on sustainable practices and technological innovations aimed at a sustainable future.  This year’s theme, “Act Now for a Sustainable Tomorrow,” underscored the urgency of adopting strategies that align with ESG principles. Day 1 Highlights: AI at the Forefront of Sustainability The summit kicked off with powerful opening remarks from local dignitaries and ESG leaders.  This set the stage for a series of discussions that intertwined sustainability with pioneering technologies and policies.  Sessions on renewable energy funding and sustainable urban futures ensued.  […]

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25 Apr 2024

The European Critical Raw Materials Act Signed

The European Critical Raw Materials Act (CRMA) was formally signed by the co-legislators, the European Council, and the European Parliament today.  The Act will enter into force 20 days after publication in the EU Official Journal. Introduction to the European Critical Raw Materials Act (CRMA) In an era marked by rapid technological advancement and escalating geopolitical tensions, securing access to essential resources has become a priority for nations worldwide.  The European Union, recognizing the strategic necessity of ensuring a sustainable and secure supply of critical raw materials (CRMs), has adopted the European Critical Raw Materials Act.  This legislative framework is […]

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24 Apr 2024

EU Parliament Gives Green Light to the CSDDD

After numerous delays, the European Parliament gave the green light today for the Corporate Sustainability Due Diligence Directive (CSDDD).  This directive aims to hold companies accountable for any environmental or human rights violations in their supply chains.  However, the final version of the CSDDD has been significantly watered down from its original proposal, much to the dismay of sustainability advocates. The CSDDD, also known as the CS3D, sets out a standard for corporate due diligence on sustainability in the EU. This primarily involves environmental and human rights concerns. Under the new rules, companies are responsible for their own actions and […]

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19 Apr 2024

Gecić Law and BU’s Faculty of Law Cooperate on Law and Technology Clinic

Gecić|Law and the University of Belgrade’s Faculty of Law are proud to announce a cooperation agreement signed yesterday.  The agreement defines collaboration on the recently established a Law and Technology Clinic.  The pioneering educational initiative integrates cutting-edge technology with practical legal training.  This partnership highlights our dedication to enhancing the educational landscape for law students through innovative approaches. The Law and Technology Clinic The clinic, initiated by Prof. Dr. Dušan V. Popović, a renowned professor in this emerging field, will be open to fourth-year undergraduate students.  The Law and Technology Clinic offers a dynamic and interactive learning environment where students […]

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18 Apr 2024

Gecić Law Announces Participation in the ESG Adria Summit

We are excited to announce that Gecić Law will participate in the ESG Adria Summit in Tivat, Montenegro, from April 24-26, 2024.  The premier event focuses on issues of sustainable development in the region. Gecić Law distinguishes itself for its innovative leadership in ESG and sustainability matters.  Notably, it was the first independent law firm in the region to establish a dedicated ESG legal practice.  With its expertise in EU law, the firm also offers a unique perspective on navigating the future of sustainability. Bogdan Gecić, Founding Partner of Gecić Law, will be a featured panelist in the discussion titled […]

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09 Apr 2024

Bogdan Gecić Talks AI at Healthpharm 2024

Bogdan Gecić, the founding partner of Gecić|Law, took part today in the opening panel of the Healthpharm 2024 SEE Forum & Fair, to be held in Belgrade at the Chamber of Commerce from April 9-10, 2024, and at the University of Belgrade – Faculty of Law on April 11, 2024.  The session titled “Western Balkans E-health and E-pharma: How to Use AI for Social Good?” delved into the power of artificial intelligence in healthcare and pharma, aiming to harness technology for the benefit of society. How to Use AI for Social Good? Bogdan made a significant contribution to the discourse.  […]

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08 Apr 2024

Vuk Leković Talks AI and Competition Law at 2024 Internet Dialogue Conference

We are proud of our Senior Associate Vuk Leković, who indeed had the exceptional honor of joining an impressive list of speakers at the opening day of the tenth annual regional conference “Internet Dialogue 2024“, organized by the Faculty of Law, University of Belgrade, and the “Register of National Internet Domain of Serbia” Foundation (RNIDS), taking place on April 8th and 9th at the premises of the Serbian Chamber of Commerce in Belgrade, under the auspices its Center for Digital Transformation. Artificial Intelligence: Challenges in Business Law The first day of the conference indeed gave special attention to artificial intelligence […]

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25 Mar 2024

ESG Chat @ Gecić Law – ESG in the textile industry: sustainable business as a development imperative – Elvisa Koca, Eurotay

In our ongoing journey to illuminate the critical significance and far-reaching impact of Environmental, Social, and Governance (ESG) principles across various industries, we proudly unveil the latest edition of our ESG Chat @ Gecić Law series of interviews.  In our new installment, we are thrilled to present a compelling dialogue with Elvisa Koca, Human Resources Manager at Eurotay in Serbia.  This insightful conversation takes us deep into the heart of the textile industry, offering profound insights.  It chiefly delves into how ESG considerations seamlessly integrate into the sector, influencing everything from production methods to corporate ethos. Our guest has tremendous […]

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22 Mar 2024

AI Shaping the Public Opinion in News Media – What the Public Wants to Hear vs What the Public Needs to Hear

A lot has been said about artificial intelligence (AI).  It is reshaping global business and everyday life worldwide and by no means, it is a new industrial revolution. Mankind’s striving for an easier life has led to the creation of a fast-learning, self-aware creature which shall irreversibly become an unexpected (or perhaps unwanted) member of society. We have witnessed the universality of AI’s application.  Here, we are focusing on the use of AI in the sphere of news media business.  AI has been widely employed in gathering news information.  It may also filter false data and fake news, contributing to […]

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19 Mar 2024

EXPO 2027 Already Sparks Interest Around the Globe

In June 2023, the Serbian bid to gain the rights to organize EXPO 2027 prevailed over bids from the United States, Thailand, Spain and Argentina. Belgrade has embraced the concept of “Play for Humanity – Sport and Music for All” for its international exhibition, emerging as the prevailing choice.  To realize this vision, Belgrade is committed to constructing a state-of-the-art exhibition center, necessitating substantial investment. The Universal Exhibition, commonly known as “EXPO,” stands as a prestigious global event enabling participating nations to showcase themselves to the world. It serves as a platform to exhibit cutting-edge technological and scientific advancements, cultural […]

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13 Mar 2024

Gecić|Law Supports Strategic EBRD and ENEF II Investment in Vega IT’s Expansion

Gecić|Law is proud to announce its pivotal role in supporting a significant financial transaction between the European Bank for Reconstruction and Development (EBRD), Enterprise Expansion Fund II (ENEF II) as lenders and Vega IT. The EBRD and ENEF II has committed to a senior secured loan of to support the expansion efforts of Vega IT, a premier Serbian software development company. As the local counsel for the EBRD and ENEF II in this transaction, Gecić|Law provided comprehensive legal advice, ensuring adherence to Serbian regulatory standards. Our team’s involvement spanned the due diligence, preparation, negotiation, and completion of critical finance and […]

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12 Mar 2024

Privacy Boundaries: The Ronos Case and Implications for Antitrust Enforcement

Instead of Introduction The Court of Justice of the European Union (“CJEU“) opened proceedings on Case C-619/23, Ronos, according to a request for a preliminary ruling by the Administrative Court of Sofia District – Bulgaria (“Court”).  The Court requested an interpretation of the scope of powers of the Bulgarian antitrust authority (“CPC”) action in seizing conversations from a private mobile device during dawn raids carried out at premises of undertakings investigated for alleged cartel infringements. This request for a preliminary ruling on how EU law interacts with guarantees of basic human rights established in the Bulgarian Constitution gives the European […]

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07 Mar 2024

Ivana Stojanović Raišić Recognized as a 2024 TerraLex Trailblazing Woman

Gecić | Law proudly announces that Ivana Stojanović Raišić, a key member of its legal team, has been honored as a 2024 TerraLex Trailblazing Woman. The prestigious recognition is awarded by TerraLex, an elite global network of independent law firms, as part of the celebrations of Women’s History Month and International Women’s Day.  The honor celebrates remarkable individuals who have impacted their firms profoundly both professionally and personally and paved the way for future generations of women in the legal profession. Gecić Law is a proud exclusive member of TerraLex for the jurisdictuions of Serbia and Montenegro. Ivana’s selection as […]

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06 Mar 2024

Navigating GDPR Compliance: Analysis of Article 30 and the Record of Processing Activities (ROPA)

Introduction In the contemporary legal landscape, data privacy stands as a paramount concern, with the General Data Protection Regulation (GDPR) serving as the cornerstone legislation governing the processing of personal data within the European Union (EU) and beyond.  Article 30 of the GDPR imposes a pivotal obligation on data controllers and processors to maintain a meticulous Record of Processing Activities (ROPA).  This article endeavors to elucidate the intricacies surrounding Article 30, offering practical insights and dissecting the evolving practices of Data Privacy Authorities concerning ROPA compliance. Understanding Article 30 of GDPR GDPR Recital 82 states: “In order to demonstrate compliance […]

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05 Mar 2024

The Open Balkan Unified Labor Market Launched

Starting today, a significant development in regional cooperation has come to fruition.  The unified labor market of the Open Balkan initiative officially commences.  Citizens of Serbia, Albania, and North Macedonia can now benefit from greater labor mobility across these three nations.  The move is part of the effort to herald a new era of economic opportunity and growth in the region. How Will the Unified Labor Market Work? This initiative, spearheaded by the three countries’ leaders, aims to simplify the employment process across borders.  Starting today, if a citizen of Serbia wishes to work in Albania or North Macedonia, they […]

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29 Feb 2024

CSDDD Challenges: Navigating Setbacks in EU Legislation

The European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) has faced escalating challenges since its final draft release on January 20.  Despite weeks of uncertainty and concerns over the proposal’s fate, supporters were buoyed by the European Council’s unexpected decision to schedule a vote for February 28.  However, optimism quickly waned as the vote failed to garner sufficient support.  This cast doubt on the CSDDD’s revival before the March 15 deadline for approval by the European Parliament. The Directive The CSDDD, also called the CS3D, aims to establish a corporate due diligence standard on sustainability issues within the EU.  The […]

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21 Feb 2024

Montenegro Unveils its First Draft Renewable Energy Act

Montenegro’s Renewable Energy Leap Montenegro has unveiled the Draft Renewable Energy Act as a significant step towards rapid renewable energy development.  The legislation introduces several innovations, including auctions for premiums and feed-in tariffs, to boost the country’s green energy sector. The Ministry of Mining and Energy has organized a trio of round-table discussions in Podgorica, focusing on the Draft.  This reflects Montenegro’s efforts to meet the requirements of the Energy Community, particularly in implementing the EU’s Renewable Energy Directive. Indeed, the Draft Renewable Energy Act sets an ambitious target of achieving a 50% share of renewable energy by 2030.  This […]

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19 Feb 2024

Implications of the Revised Market Definition Notice for Western Balkan Countries

On February 8, 2024, the European Commission (“EC”) unveiled an updated Market Definition Notice (“the Notice”).  The revision plays a crucial role in the EC’s approach to assessing mergers and antitrust cases by delineating the competitive boundaries and assessing the market power of companies. The Notice extends beyond EU Member States, mandating compliance from Western Balkan countries (“WBs“) aligned with the EU competition law acquis.   Namely, all WBs, through the Stabilization and Association Agreements, have committed to enforce the criteria derived from the implementation of competition rules applicable in the EU, in particular from famous Articles 101, 102, 106 and […]

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08 Feb 2024

ESG Chat @ Gecić Law – Building a Sustainable Future: The Role of ESG in Business Transformation and Social Responsibility – Sonja Konakov Svirčev, Erste Bank

Gecić Law proudly presents the latest edition of our ESG Chat @ Gecić Law series, we are focusing on the intersection of Environmental, Social, and Governance (ESG) issues within the banking and finance sector.  In this interview, we delve deep into the insights and perspectives of a distinguished ESG and CSR expert in Serbia, Sonja Konakov Svirčev, Corporate Social Responsibility, Diversity and Inclusion Manager at Erste Bank Serbia.  Our guest expert shares their extensive knowledge of the role and significance of social responsibility within the broader ESG framework.  She also emphasizes the strategic importance of socially responsible and sustainable business […]

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07 Feb 2024

Gecić Law Celebrates Landmark Legal Triumph in Kosovo

Gecić Law is elated to announce a landmark legal triumph in Kosovo marking a significant achievement in its history. The Independent Media Commission (IMC) in Priština annulled yesterday its decision from October 3, 2023, which had suspended the broadcasting of Arena Channels in its territory claiming alleged broadcasting of illegal content. The channels have now been reinstated and are free to broadcast cable networks in Kosovo. This triumph was realized through a strategic collaboration with Clifford Chance and Deloitte Legal’s local counsel, highlighting our firm’s dedication to excellence, innovation, and collaborative success in the legal domain. The collaboration was enriched […]

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05 Feb 2024

Gecić Law Collaborates on Pioneering CBAM Projects in Israel

In a landmark accomplishment, the collaborative efforts of Gecić Law’s ESG and EU Law teams, alongside Shibolet & Co.’s Environment, Sustainability & Climate Change team, in partnership with Sher Consulting & Training, have led to a significant milestone.  This achievement marks the successful submission of the first CBAM reports from Israel in accordance with the EU’s new CBAM (Carbon Border Adjustment Mechanism) regulation.  This groundbreaking collaboration supports Israeli aluminum, steel, and iron exporters, addressing the challenges of a new era in environmental accountability. Importers successfully submitted their first CBAM reports, covering the fourth quarter of 2023, by the January 31, […]

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02 Feb 2024

Serving Aces or Double Faults? Navigating the Tax Game for Professional Athletes

It is common for the media to report on the incomes and prize money earned by professional athletes.  However, what is less known are the intricacies of their tax obligations.  Before delving into sports-related taxation, it’s essential to recognize that the contributions of professional athletes to their countries.  These extend far beyond any monetary value that might arise from taxing their income and prize money.  Nevertheless, taxes are an inevitable aspect of life, and the sports industry is no exception. Taxing this revenue is always a hot topic, with sports becoming increasingly lucrative and generating substantial sums of money.  Most […]

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01 Feb 2024

Another Triumph for Arena Channels Group in BiH Antitrust Case

Gecić Law is pleased to announce yet another win in an antitrust law case in collaboration with Marić & Co Law Firm Ltd.  Together, we have obtained a favorable judgment for our esteemed client Arena Channels Group (ACG). In October, we shared news on the case focused on premium football broadcasting within Bosnia and Herzegovina (BiH).  The Competition Authority of BiH (CA) initiated an investigation, prompted by Telemach, alleging abuse of market dominance by ACG.  After a thorough investigation, the CA dismissed the complaint, concluding ACG’s equitable engagement within the market. The dispute persisted as the initial claimant challenged the CA’s decision.  However, the […]

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30 Jan 2024

Technical Issues Impact CBAM Reporting: Extended Deadlines and No Penalties

In latest CBAM news, the European Commission has acknowledged significant technical difficulties impacting businesses for the EU Carbon Border Adjustment Mechanism (CBAM) reporting.  These issues stem from a technical malfunction affecting several EU customs systems, including ICS2 and the CBAM Registry. To support declarants facing challenges in CBAM reporting, the Commission has introduced measures to facilitate the process.  Starting from February 1, a new feature in the Transitional Registry will allow affected businesses to “request delayed submission”.  This provision grants an additional 30 days for submitting their quarterly CBAM report. The Commission has assured that no penalties will apply for […]

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25 Jan 2024

A Deep Dive into the Corporate Sustainability Due Diligence Directive (CSDDD)

In an era where businesses are increasingly attuned to their environmental and social footprint, the European Union has ushered in a transformative era by introducing the Corporate Sustainability Due Diligence Directive (CSDDD).  Anticipated to take effect in 2024, this groundbreaking legislation is poised to reshape the landscape for companies operating within the EU and beyond its borders. At its essence, the CSDDD compels large companies to: Identify, prevent, and alleviate potential adverse impacts on human rights and the environment across their entire value chain, encompassing subsidiaries, suppliers, and downstream partners. Institute a due diligence process integrating risk assessment, grievance mechanisms, […]

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24 Jan 2024

HDVs Emissions: Trucks, Buses, and Trailers Getting a Green Makeover in Europe

The European Union (EU) has recently made another significant advancement in its commitment to reducing carbon emissions by reaching a provisional agreement on stringent regulations to reduce emissions from trucks, buses, and trailers.  These heavy-duty vehicles (HDVs) are known to be substantial contributors to harmful emissions.  With the implementation of these new rules, there will be a significant shift towards cleaner and more eco-friendly transportation. What’s changing? Starting in 2030, new HDVs will have to emit 45% less carbon dioxide (CO2) compared to 2019 levels.  This target becomes even more ambitious in 2035, with a 65% reduction in CO2 emissions […]

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23 Jan 2024

Open Balkan Initiative: Protocols Signed to Establish a Free Labor Market

Yesterday in Skopje, member countries of the Open Balkan initiative took an important step towards enhancing regional economic cooperation.  Representatives of Serbia, North Macedonia, and Albania signed two protocols aimed at establishing a free labor market between the member countries of the Open Balkan initiative.  These include the Protocol on the Implementation of the Agreement on Conditions for Free Access to the Labor Market in the Western Balkans and the Protocol on Connecting the Electronic Identification Schemes of the Western Balkans Citizens. Representing Serbia, Gojko Stanivuković, the State Secretary of the Ministry of Finance, signed the documents.  This demonstrates the […]

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18 Jan 2024

Game-changing Rules: How Competition Law Affects the Latest FIFA Regulations for Players’ Agents

New rules Fédération internationale de football association (“FIFA”), with its prerogatives in creating the legal framework for the game of football, enacted new changes in their FIFA Football Agent Regulations (“FFAR”).  To create a more transparent, efficient, and just system, the new regulations aim to reinforce contractual stability, protect the integrity of the transfer system, and achieve greater financial transparency.  However, some of the introduced provisions may potentially violate competition laws, leading to a reluctance among many countries to incorporate the FFAR into their national regulations.  With many court proceedings in various national courts from England to Brazil and before […]

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16 Jan 2024

Gecić Law and BU’s Faculty of Law Cooperate on Competition Law Clinic

Gecić Law and the University of Belgrade’s Faculty of Law signed a cooperation agreement yesterday, marking an important step in strengthening practical education for law students through collaboration on the first Competition Law Clinic.  The agreement creates a meaningful partnership between the academic and professional communities, providing law students practical experience. The Competition Law Clinic, established on December 14, 2023, on the initiative of Prof. Dr. Dušan V. Popović, a full professor of Competition Law, represents an innovative approach to learning.  The clinic integrates into the Legal Skills course in the fourth year of undergraduate studies, particularly emphasizing the winter […]

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11 Jan 2024

Green Bonds: The Rise of ESG Financial Instruments

What are Green and other related ESG corporate bonds? Green bonds, a prominent term in finance, have recently gained significant attention.  These instruments, part of the broader Environmental, Social, and Governance (ESG) category, offer distinct advantages over regular bonds and play a crucial role in modern finance. Like regular bonds, ESG bonds involve loans from investors to organizations.  These loans finance projects, and investors receive their principal back with interest.  ESG bonds include green, social, climate, and sustainability-linked types. Green bonds, issued by public or private entities, finance environmental or climate change projects.  They represent the environmental aspect of ESG.  […]

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10 Jan 2024

EU Commission Seeks Input on Competition in Virtual Worlds and Generative AI

In a move to learn more about emerging digital markets, the European Commission today launched calls for contributions focused on virtual worlds and generative AI.  These initiatives represent a step by the Commission to understand the competitive dynamics in these rapidly evolving sectors. The Commission has reached out to various stakeholders, requesting information to gain a comprehensive view of the current state of competition in these innovative fields.  Players from all corners of the industry, including developers, consumers, and academic experts, will indeed share their experiences and insights. Virtual Worlds: A New Competitive Landscape Virtual worlds, characterized by their persistent, […]

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27 Dec 2023

Troubles in Paradise: Oligopoly in the Belgian Banking Sector

An (Un)expected Oligopoly At the end of October, the Belgian Competition Authority (L’Autorité belge de la Concurrence) (“ABC”) released an opinion on the state of competition in Belgium’s retail banking market (the “Opinion”).  The Opinion revealed that the retail banking market in Belgium is an oligopoly.  Four banks dominate the market: BNP Paribas Fortis, KBC, Belfius, and ING. As an oligopoly, the retail banking market exhibits specific characteristics.   These include similar services on offer and frequent interactions between banks, facilitating coordination among the most prominent market participants and reducing competition.  The most obvious example of services with identical commercial terms […]

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22 Dec 2023

Legal Framework for Testing Autonomous Vehicles in Serbia

Autonomous vehicles and driving technologies, characterized by their complexity, are at the forefront of modern transportation advancements.  In our article 5G CAM: Revolutionizing Cross-Border Mobility, we highlighted the pivotal role of CAM technology in facilitating vehicle-to-vehicle and vehicle-to-infrastructure communication, a prerequisite for autonomous driving.  These technologies are in rapid development worldwide due to their potential benefits.  These include enhancing road safety, alleviating traffic congestion, and reducing CO2 emissions. Autonomous driving encompasses various developmental directions, relying on sensors to collect environmental information.  Complementary devices, such as cameras and GPS, are also integral to data collection.  A sophisticated computer unit then processes […]

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21 Dec 2023

ESG Chat @ Gecić Law: Decarbonization and Growth – Economic and Sustainability Perspectives in the Western Balkans: Mikhail Korostikov, Climate Bonds Initiative

Gecić Law is pleased to announce the second edition of “ESG Chat @ Gecić Law,” an insightful series of interviews exploring the dynamic and ever-evolving world of Environmental, Social, and Governance (ESG) practices. Decarbonization and Growth In this edition, we bring you a thought-provoking discussion with Mikhail Korostikov, Senior Analyst at the Climate Bonds Initiative and a leading expert in green economics based in Serbia.  The interview delves into the intricate relationship between the issue of sustainability, decarbonization and economic growth.  We take a look at these phenomena from the perspective of the Western Balkans.  Central to the discussion is […]

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11 Dec 2023

Amendments to the Serbian Public Procurement Act

During its last session on October 26, 2023, the National Assembly adopted amendments to the Public Procurement Act.  The most significant changes relate to: introducing quality rather than price as a key criterion for selecting certain services/goods, introducing principles of environmental protection in the awarding of public procurement and specifying the initiation of misdemeanor proceedings in case of illegal spending of public procurement funds. The amendments will be applicable from January 1, 2024. At the outset, it is worth mentioning that the amendments introduce the principle of environmental protection.  When considering the procurement of goods, services, or works, the contracting […]

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06 Dec 2023

The 2023 Hollywood Strike: Labor, Scripts and the AI Showdown

Introduction A historic labor strike unfolded in 2023’s ever-evolving Hollywood scene, resembling a gripping drama.  On May 2, the Writers Guild of America (WGA) took center stage, unanimously endorsing a strike.  This was reminiscent of the industry-shifting 2007–2008 Hollywood strike, marking fifteen years since writers last voiced dissent. This unfolding saga seized the entertainment industry’s attention.  The second act began on July 14, 2023, when the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) initiated a historic labor strike against the Alliance of Motion Picture and Television Producers (AMPTP).  This marked the first time since the iconic 1980 […]

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05 Dec 2023

Gecić Law Supports Telekom Srbija in Landmark Scholarship MoU with College of Europe

Gecić Law is proud to announce its contribution to a groundbreaking scholarship agreement.  A Memorandum of Understanding was signed yesterday in Bruges between Telekom Srbija and the College of Europe.  Telekom Srbija will provide up to ten annual scholarships for students in Serbia to attend this prestigious institution.  Additionally, the students will have the opportunity to work at Telekom Srbija for at least one year following their studies.  This pioneering effort is the first in the broader Adriatic and Balkan regions. The scholarship program applies to the Master’s in European Studies at the College of Europe.  The college has campuses […]

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04 Dec 2023

Recognized as the Premier WWL Thought Leader in M&A and Governance for Serbia: A Milestone for Gecić Law

Gecić Law is thrilled to announce yet another extraordinary accolade for our founding partner, Bogdan Gecić.  In a remarkable development following our recent celebration of partners Bogdan Gecić and Ognjen Colić recognition in the prestigious “Who’s Who Legal: M&A and Governance” 2023 edition, demonstrating an unmatched level of expertise in the legal domain, Bogdan receives the esteemed status of a Thought Leader from Who’s Who Legal.  At the same time, Bogdan is the only representative of the market with this ranking level. This recognition is more than an acknowledgment of Bogdan’s exceptional legal acumen; it is a testament to his […]

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24 Nov 2023

How to make EU Digital Markets more competitive?

What is the Digital Markets Act? The EU Digital Markets Act (DMA) is meant to make digital markets fairer and more competitive.  How DMA does this is simple: the European Commission designates the “gatekeepers” (mostly the big tech companies), imposing on them new obligations such as mandatory interoperability of gatekeeper’s services and preventing the gatekeeper from favoring its products and services against similar services or products offered by third parties on the gatekeeper’s platform. A quick repeat of what it takes for a company to be a gatekeeper: strong economic position, significant impact on the internal market, and being active […]

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22 Nov 2023

Gecić Law Partners with Women on Boards Adria (WOBA)

Gecić Law is proud to announce its partnership with Women on Boards Adria (WOBA), as it becomes the newest Corporate Founding Partner of the organization.  This partnership comes from our fruitful professional cooperation in EU law developments and issues of Environment, Social, and Governance (ESG).  These are clearly areas where Gecić Law is at the forefront of the region’s legal profession.  The latest development certainly strengthens the existing collaboration and underscores our dedication to promoting gender diversity in leadership roles. Gecić Law believes this partnership aligns perfectly with our core values and operational ethos.  We have always prioritized diversity and […]

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20 Nov 2023

ESG Chat @Gecić Law: ESG from the point of view of telecommunications and multimedia: Nataša Obradović, Telekom Group

Gecić Law is pleased to announce another practice-focused initiative on this website and our social media platforms.  Welcome to “ESG Chat @ Gecić Law,” an insightful series of interviews exploring the dynamic and ever-evolving world of Environmental, Social, and Governance (ESG) practices.  This series delves into the complex interplay of sustainability, corporate responsibility, and ethical governance.  Leading experts, practitioners, and innovators present their views on these crucial matters.  Moreover, each interview offers a unique perspective, shedding light on how ESG principles reshape industries and influence corporate strategies.  From discussing regulatory challenges to highlighting successful ESG initiatives, our “ESG Chat” is […]

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15 Nov 2023

Polo Players and Trademarks: A Fashion Rivalry

Polo shirts are probably more broadly recognized than the sport itself.  Unlike t-shirts, polo shirts feature a collar, a sleek design, and a knitted polo player logo on the chest.  However, if you’re not fashion-savvy and examine it closely, you’ll notice that this polo player logo varies.  The U.S. Polo Association (USPA) logo depicts two polo players, one with a mallet raised upwards and the other downwards.  In contrast, the Polo Ralph Lauren (PRL) logo features a single polo player with a mallet raised upwards.  The primary difference lies in the presence or absence of the words “USPA” or “Polo […]

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07 Nov 2023

Branko Gabrić to Participate in TerraLex’s Webinar on CBAM

Gecić Law is honored to announce that our esteemed colleague and counsel, Branko Gabrić, will share his specialist knowledge during an upcoming interactive global webinar on the European Union’s new Carbon Border Adjustment Mechanism (CBAM) regulation.  The prestigious global legal network TerraLex presents the event “The Impact of the Carbon Border Adjustment Mechanism.” Branko will be in the company of illustrious speakers, including Assunção Cristas, Head of Environment at Vieira de Almeida, and Nithya Nagarajan, Partner at Husch Blackwell. The event aims to discuss the implementation of CBAM, a groundbreaking initiative by the European Union.  The mechanism entered its transitional phase […]

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02 Nov 2023

Ognjen Colić Recognized in WWL’s Environment 2023 Edition

We are proud to announce that, in another significant acknowledgment of our team’s legal expertise, the recently released 2023 edition of “Who’s Who Legal: Environment” has recognized our partner, Ognjen Colić, as the only lawyer to represent the market in this area among leading figures in the international legal community and eminent global firms, including Latham Watkins, Linklaters, Clifford Chance, Allen & Overy, and Sidley Austin to name a few.  The coveted publication has showcased Ognjen’s unparalleled experience and expertise in the field.  The rankings also underscore his consistent performance and unwavering dedication to his work.  This is Ognjen’s second recognition from […]

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27 Oct 2023

EU’s New Growth Plan for Western Balkans Unveiled

The European Union (EU) has introduced a growth plan to accelerate the accession of the Western Balkans.  European Commission President Ursula von der Leyen unveiled a commitment of EUR 6 billion at the Western Balkans summit in Tirana.  Out of this amount, two billion euros will be in grants and four billion euros in loans.  However, specific details regarding the mechanisms of this growth plan are still pending clarification. The EU’s strategy is to bring the region closer economically before political integration.  This would allow the Western Balkans to benefit from certain privileges.  Benefits include the free movement of goods […]

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23 Oct 2023

Bogdan Gecić Talked About CBAM With Euractiv Serbia

Bogdan Gecić, Founding Partner at Gecić Law, recently spoke to Euractiv Serbia and shared his insights on the critical changes in international trade likely to ensue as a result of the European Union’s groundbreaking Carbon Border Adjustment Mechanism (CBAM) regulation.  The regulation entered its transitional phase on October 1, 2023.  Moreover, Bogdan detailed the ramifications for businesses.  The article is titled “CBAM: Why is It Important and What Do We Need to Know?” The article clearly explains the motivation and reasoning behind this unique regulation.  With the CBAM, the EU pioneers the world’s first carbon border tax on imports into […]

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20 Oct 2023

Gecić Law Joins the First AI Master Class

We are thrilled to announce the participation of members of the Gecić Law team in the AI Master Class program, the first educational seminar of this format in the field of artificial intelligence.  As pioneers in AI legal practices, our experts will speak at the “Regulating Artificial Intelligence: Legal and Ethical Challenges” event.  Spanning October to December, the AI Master Class has four two-day sessions across Belgrade and Novi Sad. Event Schedule & Highlights Novi Sad kicked off on October 12-13 with over 120 attendees.  Subsequently, the upcoming Belgrade sessions will occur on October 26-27 and November 16-17.  The AI […]

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18 Oct 2023

5G CAM: Revolutionizing Cross-Border Mobility

5G is the fifth-generation mobile network, which promises to lead to a revolution, particularly in transportation.  This article focuses on connected and automated mobility (CAM), an offspring of 5G.  CAM lets vehicles communicate with each other and with the surrounding infrastructure.  Such communication can, in fact, enhance road safety, ease traffic jams, and cut CO2 emissions.  With this in mind, countries worldwide are diligently working on developing 5G cross-border corridors. 5G cross-border corridors are networks that connect transportation routes.  These routes, whether along roads, railways, or waterways, maintain 5G connectivity across international borders.  This connectivity is vital for CAM’s full-scale […]

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17 Oct 2023

Bogdan Gecić Talked About FSR with Brussels Signal

Bogdan Gecić, the Founding Partner of Gecić Law, recently spoke with journalist Paddy Bolton.  He was thereafter quoted in a Brussels Signal article regarding the EU’s Foreign Subsidies regulation (FSR) and its application in football.  Spain’s top football division has filed a complaint with the European Commission (EC) against France’s Paris Saint-Germain (PSG).  They argue that PSG’s funding from Qatar violates the EU’s rules on foreign subsidies.  Similarly, Belgian football club Royal Excelsior Virton has raised objections about Lommel SK, which receives Abu Dhabi funds. The Foreign Subsidies Regulation (FSR) and Football These interventions come after the EU’s FSR came into […]

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11 Oct 2023

Gecić Law to Hold AI Seminar for Union Law School Students

Gecić Law is proud to announce an exclusive seminar that will explore the most critical aspects of law in the field of artificial intelligence (AI).  The AI seminar titled “The Law in the Era of Artificial Intelligence” was organized in cooperation and with the exceptional support of the Union University Law School Belgrade.  Participants will include students in their final years of study, master’s, and doctoral studies.  The seminar will take place from October 16 to November 8. This intensive program will take participants through the general regulatory framework.  It will also discuss ethical principles and parallels between EU law […]

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10 Oct 2023

Gecić Law Contributes to Sectoral CBAM Training Program

Gecić Law experts will participate in multiple sectoral training sessions on the EU’s new Carbon Border Adjustment Mechanism (CBAM) in October and November.  The Ministry of Environmental Protection and the Chamber of Commerce of Serbia initiated the training program within the Swiss Program on Capacities for Trade Policies (C4TP) framework.  CBAM training sessions will hence take place in several cities in Serbia during the next two months.  These sessions are particularly tailored to the economic sectors affected by the CBAM regulation. First CBAM Training Session on Fertilizers On Monday, the program started its first full-day workshop at the Chamber of […]

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09 Oct 2023

EU Official Cautions Against Rushing Complaints on Qatar and UAE Subsidies in Football Market

In recent times, the European football landscape has witnessed a significant transformation.  The changes have been catalyzed by an unexpected influence – financial subsidies pouring in from Qatar and the United Arab Emirates (UAE).  These subsidies have not only captured the attention of football enthusiasts but have also raised concerns within the European Union (EU) regarding their impact on the continent’s football market.  This article will explore these concerns’ intricacies, focusing on how the EU Foreign Subsidies Regulation (FSR) intersects with the football world. The Complaints It all started with the complaints from football national leagues in Europe.  One of […]

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05 Oct 2023

Gecić Law Experts Appointed to TerraLex Industry Group Leadership Roles

Gecić Law is proud to announce that two of our esteemed colleagues, both partner Ognjen Colić and counsel Branko Gabrić, have been appointed team leaders for TerraLex Aviation and Food & Beverage industry sectors, respectively.  These appointments are, above all, a testament to the dedication and expertise demonstrated by Ognjen and Branko in their fields. TerraLex, the elite global legal network, finally unveiled its list of new Practice Group and Industry Sector Team leaders for the upcoming three-year term starting on October 16, 2023.  Each selected individual has undoubtedly demonstrated a deep understanding of their expertise.  They also show an […]

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03 Oct 2023

Bogdan Gecić Quoted in Brussels Signal

Bogdan Gecić, the Founding Partner of Gecić Law, recently spoke with journalist Paddy Bolton.  He was thereafter quoted in a Brussels Signal article regarding the significant changes coming up with the European Union’s pioneering Carbon Border Adjustment Mechanism (CBAM) regulation.  The European Union (EU) has begun a transitional phase for implementing CBAM, effective October 1.  This initiative, part of the European Green Deal, aims to reduce carbon emissions by taxing carbon-intensive imports. The article discusses the possible implications of CBAM.  Boston Consulting Group predicts this could increase the average car price in the EU by approximately EUR 600.  This is […]

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02 Oct 2023

Gecić Participates at SEEenergy 2023

The SEEenergy conference kicked off this morning with an exciting panel on Decarbonization in the economy.  Our colleague Branko Gabrić sparked great interest as he spoke about the EU’s Carbon Border Adjustment Mechanism (CBAM).  The discussion was timely as the new regulation took effect on October 1.  The code will introduce significant changes, especially for a specific group of carbon-intensive industries.  The energy sector is consequently among the most significantly affected. Panel Discussion on Decarbonization in Industry The distinguished panelists hailed from companies in diverse industries, including Henkel, ABB Group, Schneider Electric, Energy Net, and Viessmann.  They shared their views on Decarbonization and specific […]

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29 Sep 2023

CBAM Starts Transitional Phase on Sunday

From this Sunday, October 1, the European Union (EU) will start implementing the Carbon Border Adjustment Mechanism (CBAM) in its transitional phase.  This regulation reflects the EU’s commitment to mitigating carbon leakage as part of the Fit for 55 Agenda.  It aims to harmonize carbon costs between local and imported products.  CBAM should also galvanize global industries towards adopting greener technologies. Initially, this mechanism will include cement, aluminum, steel, electricity, hydrogen, and fertilizer imports.  From now on, importers must submit quarterly reports on greenhouse gas (GHG) emissions in production.  Data collection starts in the last quarter of 2023, with the […]

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29 Sep 2023

Arena Channels Group Triumphs in BiH Antitrust Case

Gecić Law is pleased to announce a recent win in antitrust law.  The case focused on premium football broadcasting within Bosnia and Herzegovina (BiH).  In collaboration with Marić & Co Law Firm Ltd., our team has obtained a favorable judgment for our esteemed client, Arena Channels Group (ACG). This legal journey began in April 2021, when the Competition Authority of BiH (CA) investigated ACG.  Another telecommunications company within BiH initiated the proceedings.  The firm alleged that ACG was abusing its dominant market position.  The purported abuses were inclusive of, but not limited to, creating a competitive disadvantage for the complainant, […]

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27 Sep 2023

Gecić Law Triumphs in Landmark Telecommunications Dispute in Kosovo

Gecić Law, in collaboration with Deloitte Legal and RPHS Law, is proud to unveil a monumental victory, having been instrumental in successfully navigating the dispute between the Priština authorities and Telekom Srbija’s subsidiary, MTS d.o.o. (MTS), stemming from the abrupt decision to revoke MTS’s operating license in Kosovo. The contentious decision threatened to halt MTS’s operations within Kosovo, wiping out its registration from the business registry.  The outcome of this would have been catastrophic, plunging numerous businesses into uncertainty, rendering employees jobless, and depriving clients of their service provider.  These actions by the authorities were predicated on claims that MTS’s […]

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25 Sep 2023

Gecić Law to Join the SEEenergy Conference

We are pleased to announce that Gecić Law will proudly join the sixth regional SEEenergy conference.  This year’s event will take place in Novi Sad from October 2 – 3.  It will explore new challenges in energy transition, including decarbonization, energy storage, and the market. At the conference, Gecić Law will share its expertise on the latest developments in EU law and their likely impact on businesses and economies of the region.  EU’s Carbon Border Adjustment Mechanism (CBAM) takes effect on October 1.  The regulation will introduce significant changes, especially for a specific group of carbon-intensive industries.  The energy sector […]

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20 Sep 2023

Gecić Law Shines Anew in The Lawyer European Awards 2023 Nominations

Gecić Law continually scales new peaks and receives recognition for its development, innovation, and legal proficiency accordingly.  For the sixth year running, we’ve been shortlisted for The Lawyer European Awards, cementing our place among Europe’s legal elite.  Impressively, this year sees us again competing with international powerhouses.  We entered the finals in three categories, the only regional law firm to achieve this feat. Gecić Law is a double winner of the regional title, having been named Law Firm of the Year for South East Europe in 2021.  In 2020, we claimed the same honor for Eastern Europe and the Balkans.  […]

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19 Sep 2023

IP Implications of AI-Generated Voices

Introduction As we previously discussed, AI can have severe implications for intellectual property (IP) law, and it is safe to assume that IP is the area of law most affected by AI.  One of the first significant issues recently has been with songs that use AI-generated voices.  These sound like famous artists (like Drake, The Weeknd, Rhianna, etc.) or characters (like Sponge Bob, Eric Cartman, Goku, etc.). The story begins with the song “Heart on My Sleeve.”  The song is, as far as we know, an original.  But it features AI-generated voices made to sound like Drake and The Weeknd.  […]

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15 Sep 2023

CBAM Implementing Regulation Officially Unveiled

The European Union has formally unveiled today specific rules for importers on implementing the world’s first carbon border tax.  These guidelines in the form of its Implementing Regulation were published today in the EU’s official journal, highlighting the processes to be followed by EU importers in light of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase. The Carbon Border Adjustment Mechanism is a groundbreaking initiative by the European Union.  CBAM aims to level the playing field between EU producers who bear carbon pricing costs and foreign producers who don’t face these charges.  It discourages businesses from seeking cheaper […]

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15 Sep 2023

Bogdan Gecić Talks CBAM on Euronews

Bogdan Gecić, the Founding Partner of Gecić Law, provided insights today for Euronews Serbia’s primary news program regarding the significant changes coming up in the environmental law and international trade, driven by the European Union’s pioneering Carbon Border Adjustment Mechanism (CBAM) regulation.  The CBAM regulation will begin to apply on October 1, 2023.  Bogdan shared his views on the steps businesses that exporters should take to prepare.  This applies to carbon-intensive sectors, including iron and steel, electricity, fertilizers, cement, hydrogen, and aluminum. In his guest appearance on Euronews, Bogdan delved into the genesis and rationale behind this unique regulation.  The […]

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07 Sep 2023

Class Action in the USA and Its Prospects in Serbia – Part II

In the previous article, we became familiar with the class action.  This legal institute originated from Anglo-Saxon law, and many countries use it, primarily the USA.  In this article, we will consider the introduction of a similar institute into the legal system of the Republic of Serbia from the perspective of de lege ferenda. Purpose and Use Through its centuries-long application, class action has proven to be a significant legal mechanism essential to every modern societal system.  Indeed, in situations where an event threatens the interests of a more significant number of individuals, there is no better way to provide […]

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01 Sep 2023

The Barbenheimer Phenomenon

This year, the internet has been captivated by a sensation known as “Barbenheimer,” a phenomenon that emerged just before the blockbuster film releases of “Barbie” and “Oppenheimer.” Having previously explored the Barbie intellectual property (IP) landscape, it’s astonishing to find yet another connection between these two cinematic sensations that stand at opposite ends of the IP spectrum. Oppenheimer and the IP Landscape When diving into the Oppenheimer film, a captivating narrative about J. Robert Oppenheimer and the atomic bomb, we find unexpected threads of intellectual property intricacies interwoven with the quest for nuclear energy.  Unknown to many, the U.S. government […]

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30 Aug 2023

Digital Services Act Takes Effect on Large Platforms

August 25, 2023, marks a monumental shift as the Digital Services Act (“DSA“) takes center stage, impacting industry giants like Amazon, Google, Apple, and TikTok.  With 19 platforms and search engines, each having a minimum of 45 million users, the DSA takes action to uphold data privacy, combat disinformation, and eliminate online hate speech.  This dynamic legislation aims to give users, including minors, enhanced rights and control over their online presence, fostering a high level of privacy and security. What’s the story? Back on April 25, 2023, the first designation decisions were made, designating very large online platforms (“VLOPs“) and […]

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25 Aug 2023

Bogdan Gecić on the EU CBAM

Bogdan Gecić, Founding Partner at Gecić Law, was featured in eKapija for his insights on the immanent and profound transformation in both environmental and international trade regimes, propelled by the European Union’s groundbreaking Carbon Border Adjustment Mechanism (CBAM) regulation.  As the CBAM takes effect on October 1, 2023, Bogdan detailed his insights for eKapija.  The article is titled “The Revolutionary New EU Carbon Import Tariff: What Do You Need to Know?” The article explains the motivation and reasoning behind this unique regulation.  With the CBAM, the EU pioneers the world’s first carbon border tax on imports in the EU.  Accordingly, […]

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24 Aug 2023

Goal-Line Collusion: Football Clubs and the Cost of Unfair Play

The Competition and Markets Authority (CMA) launched an investigation in September 2021 and has now issued a statement of objections outlining its preliminary findings.  This investigation was triggered by admissions from both Leicester City FC and JD Sports, acknowledging their engagement in anti-competitive behavior.  Their actions were found to limit competition in the sales of Leicester City-branded clothing, including replica kits, within the UK. The fine is related to the sale of Leicester City football kits and other branded clothing supplied by Leicester City to JD Sports over two and a half football seasons.  According to the Competition and Markets […]

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18 Aug 2023

EU’s Carbon Border Adjustment Mechanism (CBAM): Key Considerations

Introduction The European Union has initiated the world’s first carbon border tax, known as the Carbon Border Adjustment Mechanism (CBAM), in a strategic move to tackle the mounting concerns of climate change.  The CBAM is designed to level the competitive landscape, ensuring that EU companies, which are already bearing the cost of their carbon emissions, remain on equal footing with enterprises originating from nations with minimal or no carbon emission charges.  While the Carbon Border Adjustment Mechanism (CBAM) stands as a significant development in the realm of climate policy, its ramifications extend beyond environmental considerations, reshaping the contours of international […]

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16 Aug 2023

Leveraging Intellectual Property: Unraveling the Success Story of Barbie’s Brand Evolution

Since the release of the Barbie movie, there’s been an unmistakable global buzz.  Beyond film, it has driven sales across Barbie merchandise, from costumes and makeup to beverages and even a rentable Barbie dreamhouse.  The success of the Barbie movie, dolls, and brand hinges on Mattel’s prudent approach to protecting their intellectual property rights. Origins The story begins in 1956 when Ruth Handler, a co-founder of Mattel Inc, came across a German doll named Bild Lilli during a vacation in Switzerland.   Mattel took the Lilli doll and made some slight cosmetic alterations, changing the doll’s hairline and eyebrows.  Thus, the […]

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09 Aug 2023

How close are Western Balkans to the EU ETS?

As we previously reported, the pivotal Energy Community Ministerial Meeting held in Tepelenë, Albania, in June signaled potential developments in green energy and decarbonization in the Western Balkans (WB). High-ranking officials, including Energy Community Contracting Parties ministers, European Commission representatives, and Energy Community Secretariat members, converged at the Informal Ministerial Council Meeting to deliberate on salient energy issues, with the centerpiece being the Energy Community Decarbonisation Roadmap, which aims to establish a regional emissions trading system (“ETS“) and set ambitious decarbonization targets. These talks hold immense importance in implementing the Carbon Border Adjustment Mechanism Regulation (“CBAM“), specifically in the electricity […]

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08 Aug 2023

Two Gecić Law Partners Recognized in Who’s Who Legal M&A and Governance 2023 Edition

We are proud to announce that, in a significant acknowledgment of our legal prowess, the recently released 2023 edition of “Who’s Who Legal: M&A and Governance” has recognized as many as two of our partners as leading lawyers in the field.  Our partners Bogdan Gecić and Ognjen Colić were both distinguished among the select few to represent the market among leading figures in the international legal community and eminent global firms, including White & Case, Hogan Lovells, Cleary Gottlieb Steen & Hamilton, and Latham Watkins, to name a few.  The coveted publication has showcased the unparalleled expertise of our esteemed professionals.  […]

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01 Aug 2023

EU-U.S. Data Privacy Framework: A New Adequacy Decision for Transatlantic Data Flows

On July 10, 2023, the European Commission (“Commission“) adopted its adequacy decision for the EU-U.S. Data Privacy Framework (“DPF”).   The decision concludes that the United States (“US”) ensures an adequate level of data protection – comparable to that of the European Union (“EU“). What does this mean for EU Individuals and Businesses? The much-anticipated decision brings a conclusive resolution to the legal uncertainties surrounding the export of EU users’ data by US companies, an issue that has troubled thousands of businesses in recent years.  The General Data Protection Regulation (“GDPR“) empowers the Commission to determine, through an implementing act, whether […]

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31 Jul 2023

Serbia Eases Conditions for Foreigners’ Residence and Work

Serbia is opening its doors wider to foreign workers due to several factors.  The qualified labor shortages, technological and economic growth, and the effects of globalization have made it essential to simplify and facilitate the residence and work procedures for foreigners in Serbia.  Recognizing this need, last winter Serbia began drafting amendments to three foundational immigration laws: the Foreigners Act, the Foreigners’ Employment Act, and the Citizenship Act. Two of these, he amendments to the Foreigners Act and the Foreigners’ Employment Act, have been adopted by the National Assembly.  These changes aim to provide a more streamlined and appealing environment […]

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31 Jul 2023

Women in Science: Breaking Barriers and Shaping the Future

Winner of the UNESCO-L’Oreal scholarship for the best young scientists in 2012, Polina Blagojević, as a chemist, has a mission to discover new bioactive substances.  The results of her research apply in the pharmaceutical, cosmetic, and food industries.  Polina worked at the Faculty of Natural Sciences and Mathematics in Niš as part of Serbia’s youngest scientific research team and later at the University of British Columbia in Vancouver, Canada.  She is currently part of the development team at Acuitas Therapeutics, whose lipid nanotechnology, among other things, enabled the Pfizer COVID-19 vaccine.  Polina joined our Women in Science: Breaking Barriers and […]

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27 Jul 2023

AI in Agriculture: Navigating Liability and Regulation

“Agriculture is man’s most healthful, useful, and noble employment.” – George Washington   The world’s population is on the rise, increasing the demand for food.  The United Nations estimates that the world population will reach 9 billion people in approximately 15 years; by 2050, it is expected to reach 10 billion people.  This means there will be an additional two billion people to feed, necessitating farming and food production to become more efficient.  Traditional farming methods may fall short of meeting these escalating needs.  Artificial intelligence (“AI“) is emerging as part of the solution and a trailblazer in the agricultural […]

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25 Jul 2023

From Collective Rights to Individual Justice: Class Action in the USA and Its Prospects in Serbia

Part I On July 4, the United States celebrated Independence Day, which reminded us of the Declaration of Independence from 1776 that marked the establishment of the United States. This prompted us to reflect on the numerous distinctive legal achievements of the United States, inspiring us to explore the phenomenon of class action. Originating from across the Atlantic, this legal institution has found its place in continental European jurisdictions, sparking discussions within the professional community about its potential incorporation into Serbia’s legal framework. This article kicks off a series of articles on class action. In the first installment, we delve […]

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20 Jul 2023

CK Telecoms Judgment: Revisiting Errors and Pursuing Clarity

As we previously announced, the Court of Justice of the European Union (“CJEU”) issued a ruling in the CK Telecoms case last week, annulling the CK Telecoms judgment and referring the case back to the General Court (“Court”).  This appeal was in response to the Court’s decision on May 28, 2020, invalidating the European Commission’s (“EC“) ban on the acquisition of Telefónica Europe Plc by Hutchison 3G UK Investments Ltd.  In this article, we delve deeper into the background of this important case and the reasoning behind the CJEU ruling. The roots of the case trace back to 2016, when […]

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14 Jul 2023

Advancing Sustainability and Circular Economy: New European Regulation on Batteries and Waste Batteries

On July 10, 2023, the Council of the European Union (“Council”) officially adopted the Regulation of the European Parliament and of the Council concerning batteries and waste batteries (“Regulation”).  This Regulation covers the entire battery life cycle, from production to reuse and recycling, aiming explicitly at safety, sustainability, and enhancing competitiveness. The Regulation applies to various battery types, including waste portable batteries, electric vehicle batteries, industrial batteries, and starting, lighting, and ignition (“SLI“) batteries primarily found in vehicles and machinery. It also extends to batteries designed for lightweight modes of transport, such as electric bikes and e-scooters. The adaptation process […]

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12 Jul 2023

EU’s Foreign Subsidies Regulation Starts to Apply

The Foreign Subsidies Regulation (FSR), one of the EU’s latest state aid instruments, entered into force on January 12, 2023.  Now, after six months, it starts to apply.  This regulation establishes rules to govern foreign subsidies that could distort the EU’s internal market.  It empowers the European Commission (“Commission”) to investigate financial contributions provided by non-EU countries to companies operating in the EU. If these contributions are found to be distortive subsidies, the Commission can enforce corrective measures to remedy these effects. Our team provided a thorough overview of the regulation and its implications this article. In short, the FSR’s […]

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11 Jul 2023

Bogdan Gecić Talks CBAM with Israeli Exporters

On Monday, our Founding Partner, Bogdan Gecić, participated in a webinar titled “All About CBAM, the new EU Carbon Border Tax”.  This event was organized by the Israel Export Institute in collaboration with the leading Israeli law firm, Shibolet.  The attendees, mainly Israeli exporters from diverse industries, had the opportunity to hear from top experts in sustainability, ESG, EU law, and international trade.  They discussed how the EU’s new regulations might affect their businesses and gave recommendations on how to best prepare. Daphna Sternfeld, Deputy Director of the Israel Export Institute, offered an introduction to the topics and moderated the […]

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07 Jul 2023

Data Protection and Dominant Market Positions: Court Ruling Explores GDPR Compliance

On July 4, 2023, the Court of Justice of the European Union (“CJEU“) pronounced a momentous judgment in Meta Platforms and Others.  For the first time, the CJEU ruled that national competition authorities may determine GDPR infringements when examining an abuse of a dominant position.  The CJEU’s decision clarifies the relationship between the General Data Protection Regulation (“GDPR“) and EU competition law, establishing that they can coexist and complement each other without conflict.  The case centered on Meta Platforms Ireland, which runs Facebook in the EU. The ruling has its roots in a decision issued by Germany’s antitrust regulator, the […]

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06 Jul 2023

Embracing the AI Revolution: Can AI Govern Companies?

As Artificial Intelligence (“AI“) continues to revolutionize industries worldwide, its impact on corporate governance cannot be understated.  AI-powered tools can streamline governance procedures, such as board meeting management, document review, and regulatory compliance.  Automated processes save time and resources and reduce the likelihood of human error.  This allows governance professionals to focus on high-value tasks such as stakeholder engagement, strategy development, and fostering ethical business practices. On the other hand, the potential for AI to take on leadership roles within companies is an emerging topic of discussion[1].  With AI’s ability to analyze vast amounts of data, make data-driven decisions, and […]

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05 Jul 2023

Enhancing Cross-Border Cooperation: A Proposed Regulation to Strengthen Data Protection Enforcement under the GDPR

On July 4, the EU Commission introduced a new Procedural Regulation aimed at enhancing cooperation among data protection authorities (“DPAs“) when enforcing the General Data Protection Regulation (“GDPR“) in cross-border cases.  The Procedural Regulation focuses on establishing clear guidelines for DPAs handling cases involving individuals in multiple Member States without impacting any substantial elements of the GDPR, including the rights of data subjects, obligations of data controllers and processors, or the lawful grounds for processing personal data. A notable aspect of the Procedural Regulation is a provision that mandates the lead DPA to share a “summary of key issues” with […]

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27 Jun 2023

Gecić Law Contributes to Terralex Cross-Border Guide to ESG and Sustainable Finance

Gecić Law is proud to announce that it has contributed to the inaugural edition of the Terralex Cross-Border Guide to ESG and Sustainable Finance for the jurisdictions of Montenegro and Serbia.  We are especially thrilled that our team was honored to contribute with its expertise and complete the section of the guide that refers to the entire EU.  The guides are now live and are free to access.  This confirms our team’s pioneering expertise in one of the hottest fields of law today. The EU chapter, authored by counsel Branko Gabrić and associates Nikola Ivković, Milica Novaković, Teodora Ristić, Marko […]

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22 Jun 2023

Who’s Responsible? Addressing Liability in the Age of AI

In the realm of modern technology, the association with Artificial Intelligence (AI) has become increasingly present.  AI has reached various segments of human activity, both private and business.  However, like any innovation or human creation, AI is imperfect and carries inherent risks.  It is susceptible to biases, errors, security breaches, and a growing level of autonomy, all of which entail potential liabilities associated with artificial intelligence. Consider the scenario of an autonomous vehicle causing an accident.  Who should bear responsibility in such a case?  Likewise, if an AI-powered medical diagnosis tool misdiagnoses a patient, who should be held accountable – […]

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15 Jun 2023

The AI Risk Management Framework

In the latest installment of our series on the risks presented by artificial intelligence (AI), we delve into the risk management framework released by the esteemed American National Institute of Standards and Technology (NIST). Known as the Artificial Intelligence Risk Management Framework (AI RMF), this voluntary framework has been meticulously crafted by NIST in response to the growing adoption of AI.  While AI holds immense potential to deliver significant societal benefits, it also generates various risks, including bias, discrimination, privacy breaches, and security vulnerabilities.  The AI RMF aims to aid organizations in effectively managing these risks, ensuring AI’s responsible and […]

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06 Jun 2023

New Block Exemption Regulations and Guidelines on Horizontal Agreements

Starting from July 1, 2023, the newly adopted Horizontal Block Exemption Regulations on Research and Development Agreements (“R&D“) and Specialisation agreements (together “HBERs“) shall take effect in the EU. The essence of HBERs, and the accompanying Horizontal Guidelines (“Guidelines“), is to facilitate the self-assessment of the most common types of horizontal cooperation agreements.  They are also well-known as a safe harbor to undertakings, for as long as the latter comply with the rules set in the HBERs, leading to block exemption of such agreements from the competition rules. The novelties in said pieces of legislation offer a more flexible approach […]

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05 Jun 2023

CEE Legal Matters Guide: Banking & Finance 2023

Gecić Law is delighted to announce its contribution to the renowned CEE Legal Matters Comparative Guides to Central and Eastern Europe series.  This time, our expertise shines in the field of Banking and Finance, marking another milestone in our commitment to providing comprehensive legal insights. Our team, comprising Senior Associate Miloš Petaković and Associate Teodora Ristić, worked on the chapter dedicated to Serbia, shedding light on the legal framework governing the country’s financial services sector.  With a comprehensive analysis of relevant legislation, the chapter offers essential information contributing to a detailed understanding of Serbia’s financial services landscape. The Banking and […]

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30 May 2023

Serbian Public Enterprises to Transform into Joint Stock Companies or Limited Liability Companies

The Government of Serbia has adopted the proposed Act on the Management of Enterprises Owned by the Republic of Serbia, which foresees the transformation of public enterprises into joint-stock or limited liability companies.  Twenty-three public enterprises are thus set to change their legal form.  A complete automated English translation of the Draft Act is available here. In this transition, the equity capital of a public enterprise will be converted into shares or stakes, depending on the legal form.  The change maintains the public enterprise’s legal subjectivity and business identity without liquidation or interruption of legal continuity, retaining its identity in […]

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30 May 2023

Blueprint for an AI Bill of Rights

In this second installment of our series focusing on the risks posed by artificial intelligence (AI) and the legislative initiatives in the US to address them, we will be examining the proposed AI Bill of Rights. The transformative impact of AI on our world is evident, from self-driving cars to facial recognition software.  As AI technology gains potency, we must consider its potential implications for human rights. In response, the White House Office of Science and Technology Policy (OSTP) has released a Blueprint for an AI Bill of Rights (The Blueprint).  The Blueprint outlines five essential principles for the creation […]

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26 May 2023

AI & Data Protection: Is GDPR Ready for Retirement?

I.  Strengths of the GDPR The General Data Protection Regulation (“GDPR”), implemented in 2018, has played a vital role in safeguarding personal data in the era of information and communications technologies (“ICT”).  As AI technologies continue to advance rapidly, questions arise regarding the effectiveness and adaptability of GDPR in addressing the evolving challenges of data protection.  This article examines whether GDPR is ready for retirement or if it requires updates to address AI-related data protection concerns effectively. Namely, Artificial Intelligence (AI) is defined as a methodology used in machine learning to determine which one of several used models has the […]

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24 May 2023

Serbian Government Seeks Strategic Partner for Ambitious Solar Energy Project

The Serbian government announced that it is looking for a strategic partner to develop a minimum of five self-balancing solar power plants with a total installed capacity of 1,000 MWac (or 1,200 MWdc) and a battery storage system with a minimum total installed capacity of 200 MW and the ability to accumulate at least 400 MWh of electric energy.  The full text of the Decision of the Government of the Republic of Serbia in English is available here. The strategic partner will design, develop, build, and maintain the project before transferring ownership to the public power utility company (EPS) on […]

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18 May 2023

US Legislative Initiatives to Tackle AI Risks

In a landmark gathering at the White House, some of the most influential CEOs and leaders in artificial intelligence (AI) convened for a crucial discussion on responsible innovation and mitigating AI risks.  The meeting, organized to foster collaboration and cooperation between the government and the private sector, brought together renowned figures from technology giants and AI-focused companies. In the series of articles we present to you, we will deal with the US legislative initiatives behind the above meeting, which concern various risks of using AI. Block Nuclear Launch by Autonomous AI Act In recent years, the rapid development of AI […]

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