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In this time of economic distress, many countries have suffered. Yet, reports Milos Gledovic, Partner at Samardzic, Oreski & Grbovic, Serbia has proven resilient. “The pandemic has not affected the number of transactions in our market, except in the industries directly affected by anti-COVID measures,” Gledovic says, describing the overall economic situation in Serbia as stable.

Recently, in the second half of January 2021, a public debate was held with regards to the Draft of the Law on Amendments to the Bankruptcy Law (hereinafter: "the Amendments"). If all the changes proposed by the Amendments were to be summarized, what they altogether aim at in practice is to improve the efficiency and transparency of bankruptcy procedure as well as to reduce the costs of the entire process, which in practice has so far proved to be one of the largest problems for creditors and other interested parties in this procedure.

Karanovic & Partners has advised precious and base metals explorer Adriatic Metals on the acquisition of the remaining 90% of the shares in Ras Metals, which holds exploration licenses for former silver-zinc-lead mines Kizevak and Sastavci, from Bulgaria-based Cuprum LTD and an unidentified Serbian individual. NKO Partners advised the sellers on the deal.

Former Kinstellar lawyers Selma Mujezinovic and Ksenija Sorajic Bakovic have left the firm to establish KSEL Advokati in Belgrade, Serbia. The founders will be supported by former Kinstellar colleague Una Draganic Vukovic.

The crossroads upon which Serbia finds itself has always been a coveted trading route, and the cause of many conflicts throughout history. Being located at such an important junction, it is of the utmost importance to invest into a transportation network, to seek constant improvements in this field, and to keep up with modern European growth. The General Master Plan for Transport in Serbia was adopted in 2009. However, the original period the plan was designed to cover – until 2027 – has now been extended and divided into three phases: short term (2021), medium term (2027), and long term (2033). The General Master Plan still serves as the platform for both major future and ongoing transportation and transportation-related projects.

On the wave of the pandemic of the Covid-19 virus and electronic business, it turned out that 2020 was the key year for the issue of digitalization of assets and financial resources. Until then, the unregulated and mostly uneven actions of financial actors imposed as an imperative further digitalization and the necessity of monitoring and harmonizing global contemporary tendencies related to digital assets.

In December 2020, the French Data Protection Authority (Commission nationale de l’informatique et des libertés or the “CNIL”) imposed significant fines of EUR 60 million for Google LLC and EUR 40 million for Google Ireland Limited, as well as of EUR 35 million for Amazon Europe Core.

Former Senior Associates Dragoljub Sretenovic, Bisera Andrijasevic, and Tomislav Popovic have been promoted to Counsel at BDK Advokati. Sretenovic, who was already the Head of the Payment Services Practice, became Co-Head of Banking & Finance, while Popovic, who Heads the Tax Practice, became Head of Corporate & Commercial and Co-Head of Distressed Situations/Insolvency & Restructuring, and Andrijasevic will head the Life Sciences & Healthcare practice and co-head the firm’s Competition practice alongside Managing Partner Tijana Kojovic.

Serbia Knowledge Partner

The oldest full service commercial law firm in Serbia, founded in 1991, JPM with three decades of experience in assisting local and international businesses presence and growth not only in Serbia but throughout the SEE region.

We have accumulated a wealth of knowledge in every industrial and corporate sector, from energy to banking, transport, manufacturing and telecommunications, while remaining true to a pioneering spirit that has always drawn us to follow the latest trends and developments in providing of our services to clients. Today we use the latest legal tech available in serving our clients and are expanding our services to clients from growing industries such as renewable energy, IT and life sciences, by offering innovative solutions and a pro-active approach to broaching new grounds.

Our expertise, experience, and commitment to professional excellence mean we are routinely involved in landmark cases and transactions, while our high standing among clients and peers sees us ranked among the leading law firms by independent guides such as Chambers & Partners, Legal 500, and IFLR1000.

We are known for working closely with clients and treating their problems as our own. Our lawyers pride themselves on being team players, fast and available, specialised in terms of practice area and industry, but versatile and creative in their thinking. We believe our advice should be tailor-made and that even the thorniest issue has a legal solution.

Our membership of Lex Mundi (the world’s premiere network of independent law firms) and the TLA (a regional alliance of leading firms from Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia) means we have close working relationships with first-rate firms throughout the region and around the world, enabling us to operate as the perfect hub for SEE and other multi-jurisdictional transactions.

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