Karanovic & Partners Head of Real Estate Ana Lukovic has been appointed as a Partner with the firm.
Proposal for Amendments to the Companies Law – What Will be Different?
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.
What Novelties are Introduced by the Law on Amendments to the Law on Tax Procedure and Tax Administration?
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.
Personal Income Tax Incentives and Capital Gains Tax Exemptions Proposed
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’).
Non-competition Clause After the Termination of the Employment Contract
The Labour Law contains only 2 articles related the non-competition clause.
Loot Boxes in Video Games – Potential Unlicensed Gambling
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.
(Non)Use of Diacritics and Right to Correction of Incorrect Personal Data
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.
Freedom on the Net in Serbia – “Not Great, Not Terrible”
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 15th place among 70 countries where the said research had been conducted.
International Franchise Handbook: Focus on Serbia
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.
Competition and Competition Litigation Laws and Regulations in Serbia
Contributed by Bojovic Draskovic Popovic & Partners.
The Corner Office: How Do You Disconnect?
In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With summer having just passed, the question this time: What is your one favorite yearly activity to disconnect?
Implementation of EU Electricity and Natural Gas Network Codes by Serbian Transmission Operators
The amendments to the Serbian Energy Law, enacted in late April 2021, prescribed the obligation for transmission system operators in the electricity and natural gas sector to implement the EU electricity and natural gas network codes.
Implementation of EU Electricity and Natural Gas Network Codes by Serbian Transmission Operators (2)
The amendments to the Serbian Energy Law, enacted in late April 2021, prescribed the obligation for transmission system operators in the electricity and natural gas sector to implement the EU electricity and natural gas network codes.
Employee’s Right to Defence – Is an Employer Obliged to Enclose Evidence to the Warning on Existence of Reasons for Termination of Employment Agreement?
The Labour Law (“Official Gazette of RS”, no. 24/2005, 61/2005, 54/2009, 32/2013, 75/2014, 13/2017 – decision of the CC, 113/2017 and 95/2018 – authentic interpretation) (the “Law”) prescribes that employer shall be obliged, prior to the termination of employment agreement due to violation of working obligation or working discipline, to notify the employee in writing on the existence of reasons for such termination, as well as to provide the employee with a period of minimum eight days from the warning submission to declare on the subject allegations. Employer is obliged to state grounds for termination in the warning, as well as facts and evidence indicating the fulfilment of requirements for termination, and deadline for submitting the employee’s response thereof.
Serbia Agreed to the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy
The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (IF) has agreed on 8 October 2021 a two-pillar solution to address the tax challenges arising from the digitalisation of the economy. The Republic of Serbia is one of 136 jurisdictions that have agreed to the solution.
New Amendments to the Law on Prevention of Corruption
The Law on Prevention of Corruption (the “Law”), the key piece of Serbian anti-corruption legislation that started to apply in September 2020, recently received a short set of amendments.
The Future of Electronic Documents
How certain is the development of the ever-increasing use and application of electronic documents, especially in terms of legalization of documents for international legal transactions?
Gecic Law Launches ESG Practice
Gecic Law has launched an Environmental, Social & Governance Practice.