Business activity generates thousands of documents, contracts, letters, invoices, and the like. This constitutes documentary material. This means that every entrepreneur and company in the Republic of Serbia, in one way or another, is either a creators or possessor of documentary material.

Cvjeticanin & Partners has advised Merkury Market on increasing the capital of its Emma Real Estate subsidiary in Serbia by EUR 1.8 million.

Cvjeticanin & Partners has advised Emma Logistics Serbia on restructuring its EUR 5.2 million in loans from creditors BM Land Cesko and Merkury Market.

On November 21, 2023, corporate/M&A and private equity experts from Bulgaria, Greece, Hungary, Kosovo, Moldova, Romania, Serbia, Slovakia, Turkiye, and Ukraine sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the key developments in the field over the past decade.

Doklestic, Repic & Gajin Partner Slobodan Doklestic talks about the evolution of the practice and their role as legal advisors in Serbia over the last 10 years.

On December 15, 2023, JPM & Partners announced that Slovenian Big Bang's acquisition of Serbian online retailer BC Group (reported by CEE Legal Matters on September 1, 2023) had closed.

A foreign national, as well as a domestic citizen, assumes the status of a self-employed person when performing the duties of a director outside an employment relationship, i.e., based on a contract governing the mutual rights and obligations of the director, unless insured on a priority basis.

Last week, we discussed the topic of incentives for the improvement of energy efficiency and energy improvement/rehabilitation, and possibilities for individuals and housing communities in that regard. This time we would like to glance at incentives for energy improvement/rehabilitation for housing communities– residential and residential–commercial buildings connected to district heating systems, which may be obtained through the project called „Energy improvement/rehabilitation of residential, multi-family buildings connected to district heating system– Public ESCO Project“ which is initiated by the Ministry of Mining and Energy in collaboration with the European Bank for Reconstruction and Development. 

During its last session on October 26, 2023, the National Assembly adopted amendments to the Public Procurement Act.

Comprehensive regulatory changes targeting tobacco products, specifically vapes and electronic cigarettes, as well as the upcoming general election taking place on December 17 hold the front page for lawyers in Serbia, according to Cvjeticanin & Partners Managing Partner Nenad Cvjeticanin.

The new Law on Electronic Media (“the Law“) has been published in the Official Gazette of the Republic of Serbia, no. 92/2023, and came into effect on November 4, 2023.

ACI Partners Legal Manager Carolina Parcalab, Avellum Senior Partner Glib Bondar, Gecic Law Counsel Miodrag Jevtic, Vujacic Law Office Partner Sasha Vujacic, and Schoenherr Bulgaria Local Partner Tsvetan Krumov discuss the current status of capital markets in CEE.

With CMS’s recently published European M&A Outlook report taking the temperature of the M&A activity across the continent, CMS Romania Managing Partner Horea Popescu and CMS Vienna Partner Alexander Rakosi share their insights on M&A trends in the CEE region.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. Shifting our focus to the financial aspects of legal work, we asked: What percentage of your issued bills end up being overdue, what percentage end up never paid, and what is your firm’s/office’s standard methodology to handle both cases?

In the Serbian market, contractual penalties are often included in employment contracts since this is concrete and efficient protection for the employer in case of a breach of certain contractual obligations by employees. On a general note, a contractual penalty is a fixed monetary receivable that can be claimed in case of a breach of contractual obligations by one party, without having to prove the actual amount in damages. However, in the area of labor law, there is still uncertainty when it comes to the validity of such clauses and their enforceability in case of disputes.

In line with European efforts to create a competitive, innovative, and efficient business environment, electronic company registration has become a significant part of reforms in the field of company law. The branch of law related to business stands out as one of the most prominent examples of the impact of digitization on the law and its continuous evolution.

Gecic Law has advised Telekom Srbija on its memorandum of understanding with the College of Europe to provide up to ten annual scholarships for Serbian students.

In light of the latest amendments to the Law on Spatial Planning and Construction, which put the topic of energy efficiency and energy features of the building in the spotlight, it would be interesting to remind ourselves of the already existing legal in regard to energy efficiency improvement in Serbia, and above all, what laws and especially bylaws at the local level offer and provide to housing communities – buildings (in srb. – stambena zajednica) and individuals and in which manner they may obtain financial support in case that they intend to carry out certain measures/works that improve the energy efficiency of the building, i.e. apartment.