Energy Community may suspend Serbia’s membership

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Related briefings

Changes in Serbian employment legislation 2018

The beginning of the summer brought amendments to several employment­related laws. The most notable changes are presented below: The Law on the Employment of Foreigners The Law on the Conditions for the Secondment of Employees on Temporary Work Abroad The Law on Financial Support to Families with Children The Law on the Peaceful Resolution of […]

Serbia introduces an E-Cadastre

The Law on the Registration Procedure with the Cadastre of Real Estate and Utilities (the “Law”) entered into force on 8 June 2018. The Law aims to introduce significant innovations, primarily concerning the method of filing applications and documents with the cadastre and the relation between the cadastre and other authorities, as well as deadlines […]

Significant changes to Serbian law on tax procedure and administration

By Branimir Rajšić The amendments to the Law on Tax Procedure and Tax Administration (“LTPTA”) mainly attempt to reduce and suppress tax evasion by broadening the responsibilities for tax payments, extending the competences of tax inspectors, restricting the rights of taxpayers, and securing more efficient tax collection. The rules governing tax audits have been changed in […]

Serbia: The law on financial collaterals

On 8 June 2018, the Serbian Parliament adopted the Law on Financial Collateral (“FC Law”) which will become applicable on 1 January 2019. Financial agreements that are not fulfilled by 1 January 2019 will be implemented pursuant to the rules that were in force before that date. Simultaneously, the Insolvency Law (“Insolvency Law”) was amended […]

Serbia adopts law on Ultimate Beneficial Owners Central Registry

The Law on Ultimate Beneficial Owners Central Registry entered into force in Serbia on 8 June 2018. This law was adopted in order to harmonise domestic legislation with international standards and to improve the existing system of detecting and preventing money laundering and the financing of terrorism. The law introduces a single, public, electronic database […]

Latest Briefings

The Commercial Agents Regulations: a step behind the times?

By Alex Williamson The Commercial Agents (Council Directive) Regulations 1993 (the Regulations) are 25 years old this year. An evaluation by the European Commission concluded in 2015 that the underlying Commercial Agents Directive (the Directive) still met its objectives and functioned well. However, a recent Court of Appeal decision has shown that the legislation is struggling to […]

Exclusion clauses under the spotlight: UCTA reasonableness

By Perran Jervis In decisions handed down one day apart, the Court of Appeal concluded that a far-reaching exclusion clause which limited liability for negligence was reasonable under the Unfair Contract Terms Act 1977 (UCTA), whereas an exclusion clause in a lease (in the form of a non-reliance clause) was not. The decisions emphasise that […]

Currency, cost calculations and contractual clarity

Walker Morris’ Head of Commercial Dispute Resolution, Gwendoline Davies, highlights the importance of dealing comprehensively and clearly with matters of currency and calculation in cross-border contracts…

Belgian draft Trade Secrets Act: opportunities for the life sciences sector

On 8 June 2016, the EU Trade Secrets Directive was adopted. The main purpose of the Directive was to harmonise and enhance the protection of trade secrets EU-wide and to thus create an innovation-friendly environment for businesses. The EU Member States had to implement this Directive by 9 June 2018. Belgium missed the deadline, but […]

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Czech company acquires Podravka’s Studenac shares

Podravka food company has sold its Studenac mineral water bottling facilities to the Slovenian Radenska company, which is in turn owned by the Czech company Kofola – one of the European leaders in the field of producing and distributing non-alcoholic drinks. The full takeover expected to happen by the end of this year. Reports claim […]

Not like yesterday: Implementing a strategy can be a major challenge

In 9 AD, the Roman proconsul Quinctilius Varus returned to the Germanic provinces with three legions to suppress a tribal rebellion. He had done this successfully three years earlier – but this time, the enemy chose not to fight in the same way and the legions were wiped out. Varus’s last cry was reputed to be: “Ne cras, ne cras” – “Not like yesterday.”

Kinstellar advises on Czech law aspects of AVG Tech sale

Kinstellar advised Credit Suisse International, Jefferies, UBS, Bank of America and Société Générale as joint lead arrangers and joint book-runners for the senior secured credit facilities in connection with Avast Software’s $1.4bn acquisition of AVG Technologies. Avast Software, an industry-leading maker of the most trusted security software in the world, has finalised its purchase of […]

Kinstellar and Cleary co-host dispute resolution seminar in Almaty

On 14 October Kinstellar’s Almaty office co-hosted a seminar on dispute resolution with lawyers from the London office of international law firm Cleary Gottlieb Steen & Hamilton. In attendance were more than 30 leading local bankers; representatives of several major Kazakh state-owned companies including Samruk-Kazyna Sovereign Wealth Fund and Baiterek National Management Holding; heads of […]

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