The Social and Economic Council of the Republic of Serbia passed the Decision on the amount of the minimum salary for the year 2025. The Decision was published in the Official Gazette of the Republic of Serbia No. 74/2024 on September 4, 2024.
The Debrief: October, 2024
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
AI Regulation and Development in Serbia
AI is developing rapidly in Serbia and numerous initiatives are emerging daily. Therefore, a working group, which includes our Schoenherr expert Marija Vlajković, is already in the process of drafting a new Law on Artificial Intelligence. The final draft is expected by spring 2025.
Exemption from Tax on Capital Gains Realized from the Transfer of Copyright, Related Rights, and Industrial Property Rights
In the Official Gazette of the Republic of Serbia no. 71, dated August 16, 2024, a new Rulebook on Tax Exemption on Capital Gains Realized from the Transfer of Copyright, Related Rights, and Industrial Property Rights (“Rulebook“) was published.
Tying the Knot in Serbia: A Buzz Interview with Mina Radojevic Vlacic of Stojkovic Attorneys
Serbia is quickly becoming a favored destination for foreign couples seeking marriage and new opportunities according to Stojkovic Attorneys Head of Labor and Immigration Mina Radojevic Vlacic.
Cvjeticanin & Partners Advises Tetra Pak Serbia on Eco Challenge Award
Cvjeticanin & Partners has advised Tetra Pak Serbia on the development and implementation of the Eco Challenge award contest.
European Court of Justice Revives EUR 13 Billion State Aid Ruling Against Apple in a Landmark Decision
In a crucial legal victory for the European Commission, the European Court of Justice (ECJ) has upheld the Commission’s decision that Apple must repay up to €13 billion in back taxes to Ireland. This ruling, issued in September 2024, reaffirms the Commission’s original 2016 judgment, marking a significant step in the European Union‘s effort to crack down on favorable tax arrangements for multinational corporations.
Obligation to Maintain Records of Personal Data Processing Activities in Serbia
Under which circumstances are controllers and processors not required to maintain records of personal data processing activities? The Personal Data Protection Law, modeled on the GDPR, sets out exceptions to the obligation for organizations with fewer than 250 employees to keep processing records. While this acknowledges the characteristics of small and medium-sized enterprises, ensuring they are not unnecessarily burdened with additional costs, the number of employees is not the sole criterion for exemption from the record-keeping obligation.
Miodrag Jevtic Makes Partner at Gecic Law
Gecic Law has appointed Miodrag Jevtic to Partner.
Oil & Gas Laws and Regulations in Serbia (2024)
Contributed by JPM & Partners.
MMD Associates Advises Beam Global on Acquisition of Telcom
MMD Associates has advised Beam Global on its acquisition of Telcom.
Privacy Concerns in Web Scraping: a GDPR and Serbian Privacy Law Perspective
When developing their models, AI providers use various data sets. Sometimes these are provided by their clients, as in the case of tailor-made chatbots, and sometimes the models are trained on licensed or even publicly available data.
Harrisons Advises AFD on Credit Facility to EMS
Harrisons has advised the French Development Agency (Agence Francaise de Developpement, AFD) on a credit facility to Serbian electric transmission system operator Elektromreza Srbije (EMS).
Vulic Law Advises Cofis on Sale of Holiday Inn Express in Belgrade
Vulic Law has advised Cofis on its sale of the Holiday Inn Express in downtown Belgrade to an undisclosed buyer.
Pay-or-Okay: Guidelines of the European Data Protection Board
As we wrote in our earlier article, according to the decision made by the German data protection authority at the end of last year, the use of the “pay-or-okay” principle is generally allowed. This model involves a cookie notice (via a so-called cookie banner) on a website, giving the user the choice between:
How to Address the Issue of Authorship When Publishing a Photograph by an Unidentified Author?
Recently, the Court of Appeal in Belgrade, in its ruling No. Gž4 168/22 dated May 30, 2024, addressed the issue of determining copyright infringement in a case where, at the time of publication of the work, a different author was credited as the author.
Schoenherr and Karanovic & Partners Advises Integral Venture Partners on Acquisition of 50% stake in EsoTron
Moravcevic, Vojnovic and Partners in cooperation with Schoenherr has advised Integral Venture Partners on its acquisition of a 50% stake in EsoTron. Karanovic & Partners advised the founders of EsoTron on the sale.
Radovanovic Stojanovic & Partners Advises BAT on Sidestream Merger of Serbian Subsidiaries
Radovanovic Stojanovic & Partners has advised British American Tobacco on the sidestream merger of its Serbian subsidiaries: British American Tobacco South-East Europe DOO Beograd, as the transferring entity, and British American Tobacco Vranje AD, as the surviving entity.