Contributed by JPM Jankovic Popovic Mitic.

JPM partner Nikola Djordjevic and Senior Associate Marija Vukcevic single out and analyze official clarifications and opinions on the application of financial regulations for January 2022, related to taxes, which have been published in the latest newsletter of the Ministry of Finance of the Republic of Serbia.

Serbian Republic Geodetic Authority has recently added various new online features and services available both for professional users and citizens, in its overall efforts to implement the principle of development of electronic services.

JPM Jankovic Popovic Mitic has advised CD Holding Internationale on its acquisition of the remaining stake in Serbia's Emergo Sport from FitPass Limited in Ireland. Bojovic Draskovic Popovic & Partners advised the seller.

The COVID-19 pandemic caused many changes in doing business and, therefore, also had a significant impact on regulating the mutual rights, obligations, and responsibilities deriving from employment.

Karanovic & Partners has advised Abris Capital Partners and Patent Co. founders Radivoje Perovic and Miodrag Perovic on the sale of Patent Co. to RWA Raiffeisen Ware Austria. JPM Jankovic Popovic Mitic advised Patent Co.'s founders as well. Wolf Theiss advised RWA.

The introduction of new e-services of the Serbian Business Registers Agency and the beginning of the application of online-based fiscalization are rapidly bringing the Serbian corporate environment to the corporate standards of developed countries.

Jankovic Popovic Mitic has advised BG Urban Lux on its EUR 1.3 million acquisition of the Ima Dana restaurant in Belgrade from the bankruptcy estate of BIP – the Belgrade Beer Industry.

Ellex, working with Jankovic Popovic Mitic, has successfully represented the interests of Alita before the Court of Appeals of Lithuania.

Pursuant to the Law on utilization of renewable energy sources (“Official gazette of the RS” no. 40/2021, “Law on RES”), Government of the Republic of Serbia has in November 2021 adopted two new regulations: i) the Regulation on Market Premium and Feed-In Tariff and ii) the Regulation on Market Premium Model Agreement.

The deadline for preparation of general acts and their obligatory submission to the competent Archive is approaching - December 31, 2021.

On 28 October 2021, Energy Agency of the Republic of Serbia (“AERS”) adopted Rules on prevention of abuse in electric energy and natural gas market (“Rules”), that were published in the Official gazette of the Republic of Serbia 103/2021. The Rules are drafted in line with the Decision of Ministerial Council of the Energy Community no. D/2018/10/Mc-EnC, implementing Regulation (EU) No 122712011 of the European Parliament and of the Council on wholesale energy market integrity and transparency.

In 2020 and 2021 there were no developments towards the adoption of the new law and bylaws regarding competition/antirust (a process that started in 2017), probably due to the coronavirus pandemic. Certain changes in respect to the enforcement of competition rules were introduced during 2020, due to COVID-19, such as a new manner of communicating with the Serbian Competition Commission, a prolongation of the deadlines during the state of emergency in Serbia, etc. However, all subject changes have been put out of force and are being restored to the state prior to COVID-19.

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.

Jankovic Popovic Mitic has successfully represented Worldfin before the Court of Appeal in Belgrade in a corruption charges case related to the privatization of Luka Beograd.

 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?

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.

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.