Leonid Ristev from Karanovic & Nikolic speaks at mineral resources conference

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Serbia introduces new corporate tax measures

Serbia signed a Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“MLI”). The MLI should prevent the abuse of domestic tax laws and double taxation treaties (“DTT”), and its provisions shall be accordingly incorporated into the current DTT signed by Serbia. Serbia has also signed a double tax […]

Views on amendments to the Serbian Company by Ivana Dišović

By Ivana Dišović The interview with Ivana Dišović was published in Septembe 2018, by CEE Legal Matters. “It is pretty quiet on the dispute resolution market, as hearings are not held in the summer,” says Ivana Disovic, Partner and attorney at law in cooperation with Karanovic & Nikolic. “In contrast, we see high activity in the […]

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Over the years, Montenegro invested significant efforts in the development of the tourism industry, and one could say that it is steadily becoming a go-to destination for those seeking an ultimate luxury Riviera lifestyle. The recent steps taken by Montenegrin legislators show that international trends are well received and recognized by local authorities, this time […]

Amendments to the Serbian Law on payment services

The summer has brought a set of amendments to the existing laws, as well as the adoption of new laws in Serbia’s financial sector. This overview focusses on the changes made to the Law on Payment Services (the “PS Law”), while additionally the Law on the National Bank of Serbia (“NBS”) has also been slightly […]

Srbija Vode announces tender for leasing Riverine

By Miloš Vučković The public enterprise Srbija Vode announced the tender for the lease of riverine – a riverbed with accompanying waterside, for the construction of small hydro power plants on 18 different locations in Serbia. These locations are in the municipalities of Arilje, Kraljevo, Novi Pazar, Surdulica, Raška, Babušnica, Ivanjica, Trgovište, Pirot and Bela Palanka. […]

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New Act on the Control of Investments Detrimental to the Interests of Hungarian National Security

The Hungarian Government recently adopted Act no. LVII of 2018 on the Control of Investments Detrimental to the Interests of Hungarian National Security (the “Act”). Previously we wrote about a similar legislative proposal which aimed at establishing a similar control mechanism. However, the Act has a more sophisticated approach on the control and approval procedure […]

Health and safety at work in Romania: What companies need to know

Failure to take or observe the mandatory measures for health and safety at work may entail, among other types of liability (e.g. civil, administrative), potential criminal liability for employers. The Romanian Criminal Code (the “RCC”) provides for two offences which sanction such failure: i) failure to take the mandatory measures for health and safety at […]

Switzerland: Insolvency law, policy and procedure

By Daniel Hayek and Laura Oegerli Statutory framework and substantive law Swiss restructuring and insolvency proceedings are mainly governed by the Swiss Debt Enforcement and Bankruptcy Law (DEBA), which entered into force in 1892. A number of other laws and ordinances further regulate special aspects of restructuring and insolvency proceedings, such as specific provisions according to […]

Czech Republic: Office for the Protection of Competition gets tougher

In April 2018 the Office for the Protection of Competition adopted new guidelines on the method of setting fines for competition law infringements,(1) noting that the need for a revision of the previous guidelines had emerged in the wake of developing case law, as well as amendments to the Act on the Protection of Competition. The […]

FOS expansion to SMEs – near-final rules published

By Paul Gair The Financial Conduct Authority yesterday released its policy statement on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper detailing proposals for increasing […]

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American Apparel names Loeb & Loeb partner Chelsea Grayson as general counsel

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For anyone who grew up watching the sci-fi classic Tron, the current cyber war is a huge disappointment. No sexy body suits or light bikes – just spam email and feeling vaguely guilty because all your passwords are LAW1234. But cyber security is a serious issue. Regular readers of The Lawyer may remember that the […]

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Collyer Bristow settles Rangers fight for £24m

Collyer Bristow has settled its dispute with Scottish football club Rangers for £24m, bringing an end to the long-running litigation over fees the firm was paid following a controversial 2011 takeover.  Liquidators BDO had claimed over £50m in damages for professional negligence from Collyer Bristow in connection with its role advising venture capitalist Craig Whyte, […]

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