Karanovic & Partners, working with Corrs Chambers Westgarth, has advised Volt Resources Limited on its acquisition of the entire issued share capital of Asena Investments Beograd-Stari Grad.

Andrejic & Partners has assisted Israel-based attorney Lior Dagan as the insolvency trustee appointed to Michael David Greenfield in the takeover process of EGFE Hungary.

Radovanovic Stojanovic & Partners has advised the Soravia Group on the sale of the New Mill office building located in Belgrade, Serbia. 

The Government of Serbia has recently adopted the Proposal for Amendments to the Companies Law (the “Proposal”), which official text states that its primary goal is to promote the protection of minority shareholders, in accordance with measures provided by the Action Plan of the Program for Improvement of Position of the Republic of Serbia on the World Bank’s Business List – Doing Business for the period 2020-2023. In addition, the respective novelties imply other changes as well, the most significant being those referring to the position of entrepreneurs, and court protection in case of business address abuse.

The Law on Amendments to the Law on Tax Procedure and Tax Administration (Official Gazette of RS, no. 96/2021) (the “Law”) was adopted on October 16, 2021. The novelties introduced by this piece of regulation particularly include those referring to the filing of tax application for calculated mandatory social insurance contributions for company founders and/or shareholders, deferral of interest payment for settled obligations, replacement of insurance instruments for collection of due taxes, and issuance of additional record.

The Government of the Republic of Serbia has recently proposed amendments to the tax laws, including amendments to the Law on Personal Income Tax (‘PIT Law’), Law on Mandatory Social Contributions (‘SSC Law’) and the Law on Corporate Income Tax (‘CIT Law’).

The Labour Law contains only 2 articles related the non-competition clause.

Karanovic & Partners has advised Elicio Ali VE on the refinancing of its Alibunar Wind Farm from UniCredit Bank Serbia.

For the last decade or so, the video gaming industry has been witnessing an emergence, and then almost a mainstream adoption of a revenue-generating mechanic similar, if not outright identical, to gambling.

Independent attorney-at-law Mirjana Mladenovic has joined the Deloitte network and will lead the firm’s M&A Legal Advisory practice in Serbia.

Andrejic & Partners has advised the Embassy of Brazil in Serbia on its lease agreement with Dipos for the embassy's headquarters.

BDK Advokati, working with lead counsel Allen & Overy in London, has advised DoorDash on the acquisition of Finnish food-delivery company Wolt Enterprises for EUR 7 billion. Wilson Sonsini Goodrich & Rosati and Avance Attorneys also advised the buyer. Skadden, Arps, Slate, Meagher & Flom and Roschier advised Wolt on the deal.

On October 9, 2019, the Court of Appeal of Brussels passed judgment 2019/AR/1006 whereby it established, pursuant to and in accordance with Article 16 of the General Data Protection Regulation (“GDPR”), that banks are obliged to use correct diacritics when spelling clients’ names, since these are personal data, and therefore subject to accurate writing.

Radovanovic Stojanovic & Partners and Cerha Hempel have advised AIK Banka, Gorenjska Banka, and Agri Europe Cyprus on their acquisition of Sberbank Europe’s shares in six CEE banks. Noerr advised the buyers on Hungarian law, while Maric & Co, Zuric and Partners, Tos & Partners, and Egorov Puginsky Afanasiev & Partners reportedly advised the buyers on Bosnian, Croatian, Slovenian, and Russian matters, respectively.

JPM Jankovic, Popovic, Mitic, working with Rojs, Peljhan, Prelesnik & Partners and Prebanic & Jusufbasic-Goloman, has advised DuluxGroup on its EUR 194.5 million acquisition of Jub. Jadek & Pensa advised the shareholders of Jub on the deal. Kinstellar and Bogdanovic, Dolicki & Partners have, reportedly, also advised the buyer.

Last month, Freedom House published its annual report on freedom on the Internet (the “Report”), where Serbia got 71 out of 100 points, thus taking the 15^th place among 70 countries where the said research had been conducted.

Franchising may be an attractive proposition for many companies wishing to expand internationally. Take a look at this overview to discover the applicable franchise law in Serbia, covering the essentials for franchisors, the relevant areas of law, selected aspects such as fees, and dispute resolution and applicable law.

AP Legal has advised UniCredit Bank Srbija on the financing of EAT ZGOP’s acquisition of ZGOP a.d. Novi Sad from Integra Construction Kazahstan.