BDK Advokati

Serbia: Amendments to the Insolvency Act

January, 2018,
Long-awaited amendments to the Insolvency Act, proposed back in October 2016, were finally adopted by the Serbian Parliament, and came into force on 25 December 2017. Improvement of the position...
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Montenegro: New Legislation on Financial Leasing, Factoring, Purchase of Receivables and Microcredit and Credit-Guarantee Operations

November, 2017,
The Montenegrin Parliament adopted the Act on Financial Leasing, Factoring, Purchase of Receivables, Microcredit and Credit-Guarantee Operations on 25 October 2017. The new legislation will come into effect on 11...
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Serbia to Abolish Full Blown Withholding Tax on Non-Resident Service-Providers and Simplify Conditions for Tax Deductibility of NPL Write-Offs for Serbian Banks

December, 2017,
The Serbian Ministry of Finance has published draft amendments to the Corporate Income Tax Act (CITA), which were formally approved by the Government on 1 December 2017 and sent to...
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Serbia: Serbian Business Registers Agency started compulsory liquidation procedures

November, 2017,
The Companies Act introduced in 2011 the obligation of the Serbian Business Registers Agency (SBRA) to institute compulsory liquidation over companies for failure to comply with legal obligations under the...
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Montenegro: New Act on Spatial Development and Construction adopted

October, 2017,
The Montenegrin Parliament adopted the new Act on Spatial Development and Construction on 30 September 2017. The new legislation introduces radical changes in the areas of spatial planning and construction....
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Zero rating vs net neutrality – a (still) uncertain future in the EU and Serbia

June, 2017,
Tariffs offered by mobile companies usually contain a maximum volume of monthly data (megabytes) to which the client is entitled. Consumption of this data takes place every time the customer...
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Serbia: Termination due to actions constituting criminal offence declared unconstitutional

March, 2017,
The 2014 amendments to the Labour Act enabled the employer to terminate an employee for a breach of discipline that constitutes a criminal offence committed at work or in relation...
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Bulgaria – Serbia gas interconnector – the latest development

February, 2017,
January cold blast spanning the region was a suitable mizenscène for the signing ceremony of the Memorandum of Understanding for the development of bidirectional gas interconnector between Bulgaria (Sofia) and...
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Serbia: Further steps in harmonization of Capital Markets Act with the Market Abuse Regulation plus some unwarranted confusion regarding certain definitions

January, 2017,
The Serbian Capital Markets Act enters 2017 with the new provisions on market abuse, bringing it closer to the Regulation (EU) No 596/2014 (Market Abuse Regulation or MAR). The amendments took...
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Serbia: Amendments to the Takeover Act

January, 2017,
On 28 December 2016, the Serbian Parliament adopted amendments to the Takeover Act (“Amendments to the Takeover Act“), which became applicable on 6 January 2017. Thresholds for mandatory takeover bid...
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