Serbia: New tax rulebooks to apply from 2018

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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 […]

The importance of Louboutin shoes for European trademark law

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The Courts have re-affirmed that, despite a contract containing an express right of set-off, it is only in exceptional circumstances that a party will be entitled to set-off another claim against an Adjudicator’s award. This case serves as a helpful reminder that a right to set-off is unlikely to apply to an Adjudicator’s decision. The […]

Two EU regulations on UCITS/AIFMD asset segregation requirements for depositaries upon delegation

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