We continue to deal with court decisions that creatively interpret the provisions of the Labor Law concerning the termination of employment contracts, thereby introducing significant legal uncertainty in practice.
BDK Advokati and Nikolic Advise on Hodler's Acquisition of Remaining Stake in Superior Foods
BDK Advokati has advised Hodler Asset Management on its acquisition of the remaining 32% of shares in Superior Foods, thus becoming its sole owner. Belgrade's Nikolic law office advised Superior Foods.
NKO Partners Advises CTP on 22-Hectare Plot Purchase in Sombor
NKO Partners has advised CTP on a new real estate transaction in Serbia: the purchase of a 22-hectare plot located in the industrial zone of Sombor, near the borders of Hungary and Croatia, from the local municipality.
CEELM Deal of the Year Awards Banquet: And the Winner Is…
On the evening of April 25, 2024, the Deal of the Year Awards Banquet brought together, under the same roof, top-tier lawyers from Central and Eastern Europe's leading law firms in the region in Warsaw.
MPartners Legal Advises ISIHC on Sale of Rogozna Gold Project to Strickland Metals Limited
Belgrade's MPartners Legal, working with Perth's Steinepreis Paganin and Bird & Bird in London, has advised Ibaera Capital Fund subsidiary ISIHC on the sale of the Rogozna Gold Project in Serbia to Strickland Metals Limited for a consideration of AUD 34.2 million in shares.
Imposing Administrative Fines on Companies or What Is the Reason for Delaying the Adoption of European Values in the Countries of the Western Balkans
The reasoning behind the draft laws not included in the laws those provisions from the EU regulations that can be applied only by the member states of the European Union, as well as those that prescribe obligations only for the member states, is questionable.
Did You Know: 12-Month Dispute Leaderboard in CEE
Did you know that, according to the Activity Rankings function of the CEELMDirect website, of the 88 law firm partners who have reported working on disputes in CEE over the past 12 months, only nine have reported working on more than one?
Amendments to the Law on Foreigners and the Law on Employment of Foreigners
To facilitate easier obtaining of residence and work permits, due to the increasing influx of foreigners coming to live and work in the Republic of Serbia, new amendments were made to the Law on Foreigners and the Law on Employment of Foreigners in 2023. As a result of these legal amendments, there was a need to adopt new bylaws that would comply with the latest changes.
Warning About the Existence of Grounds for Termination of Employment Contract – Who Can Issue this Act at the Employer?
According to the provisions of the Labor Law (“Law”), in case of (culpable) breach of work obligations or non-compliance with work discipline by an employee, before terminating the employment contract or imposing another measure prescribed by Law, the employer is obliged to warn the employee in writing about the existence of grounds for termination of the employment contract and to provide them with a deadline (of at least eight days from the date of receipt of the warning) to respond to the allegations included therein.
NKO Partners Advises IGEPA Group on Acquisition of Oracal Polikarbonati Majority Stake
NKO Partners has advised the IGEPA group on its acquisition of a 51% stake in Serbian company Oracal Polikarbonati from Dejan Karic, who will stay on with a 49% stake. Four Legal advised the seller.
Cvjeticanin & Partners Advises Infinity Production on 'Sing with Me' Copyright Issues
Cvjeticanin & Partners has advised Infinity Production on copyright protection for the Sing with Me TV music show.
Karanovic & Partners Advises on Embracer Group Sale of Saber Interactive to Beacon Interactive
Karanovic & Partners has advised both parties on Embracer Group's sale of Saber Interactive to Beacon Interactive in a deal worth USD 247 million. Baker McKenzie reportedly advised the Embracer Group.
Competition Laws and Regulations in Serbia
Contributed by Bojovic Draskovic Popovic & Partners.
Cvjeticanin & Partners Advises Modern Business School on Serbian Labor Law Matters
Cvjeticanin & Partners has advised the Modern Business School on the implementation of Serbian labor law provisions relating to collective and individual aspects within a redundancy case.
The Digital Lands of Serbia: A Buzz Interview with Nenad Vukcevic of Vukcevic Law
Serbia’s real estate sector is undergoing some foundational shifts, according to Vukcevic Law Managing Partner Nenad Vukcevic, with numerous changes to the property and construction laws, led by a shift towards mandatory electronic cadaster subscriptions heralding a new digital era for legal processes in the country.
Closing: DS Smith's Acquisition of Bosis Now Closed
In April 2024, Karanovic & Partners announced that DS Smith's acquisition of Bosis (reported by CEE Legal Matters on August 4, 2023) had closed.
Closing: Waberer’s Acquisition of MDI Now Closed
On April 1, 2024, BDK Advokati announced that Waberer’s acquisition of MDI (reported by CEE Legal Matters on October 16, 2023) had closed.
Salary Tax Progressivity - Did Employers Fully Take Advantage of the Opportunity To Make Their Proposals?
At the end of January, the Ministry of Finance invited representatives of business associations to submit their views regarding the possibility of a reform aiming to increase the progressivity of salary taxation. The Ministry emphasized that the framework for the change refers only to salary tax and not to contributions for mandatory social insurance, as well as that any proposals should produce effects that are de minimis budget neutral, both at the level of the entire economy and at the level of local governments.