On April 21, 2021 The Law on Utilization of Renewables (the „Law“) was adopted by The National Assembly of the Republic of Serbia, after recently held public discussion in which the new regulations that refer to producers and consumers of electricity were presented.
The adoption of the Law on Same-Sex Unions is expected soon in Serbia and it will, for the first time, regulate the existence and legal consequences of partnership between same-sex persons. Such persons will now be enabled to exercise certain rights that are guaranteed by positive legislation only to spouses and partners in extramarital unions, such as acquisition of joint property, inheritance, right to pension, hospital visits etc.
It is 2017 and you are a foreigner (non-resident of Serbia) aiming to purchase a share of a Serbian company. After you negotiate principal terms, conduct the due diligence, set final terms, and negotiate transaction documents, at the closing you transfer the purchase price in euros to the Buyer’s euro bank account in Serbia, and all is well. Now it is 2021, you are again in Serbia undertaking the same steps, but this time, you are in breach of the Foreign Exchange Act (“FX Act”). Why is that?
In line with the latest estimates, the ore reserves in Serbia are valued at 200 billion dollars. After copper ores, the most significant metal ores are lead and zinc ores which are currently exploited in 5 active mines. Great attention has been brought to the excavation of jadarite, a mineral containing lithium and boron, at a location near the river Jadar, which is estimated to contain ten percent of the total lithium supplies discover throughout the world so far.
Akin Gump, Bogdanovic, Dolicki & Partneri, Maric & Co, Isailovic & Partners, Harrisons, Zdolsek Attorneys at Law, Boga & Associates, Popovski & Partners, and Forgo Damjanovic & Partners have advised Croatian conglomerate Fortenova Grupa d.d., on the EUR 615 million sale of its frozen food business to Nomad Foods. Norton Rose Fulbright, Lakatos, Koves & Partners, and five firms from the SEE Legal alliance advised Nomad Foods on the deal, which is expected to close in the third quarter of 2021.
For our Checking In feature, we reach out to partners and heads of practice across CEE to learn how specific practice areas are faring in their jurisdictions. This time around we asked Tax experts: What are the most important changes to the Tax laws in your country since January 2020 and what has their impact been?
On December 15, 2020 CEELM gathered legal experts from across the region for its annual Year-in-Review Round Table conversation. In a wide-ranging discussion, participants shared opinions and perspectives on their markets, on strong (and less-strong) practices across the region, and the effect of the COVID-19 crisis on both, as well as on how technology is changing the legal industry, and what the industry will look like in 2021.