BDK Advokati

Serbia: Draft Financial Collateral Act – A Welcome Initiative

November, 2016,
Introduction The International Swaps and Derivatives Association (ISDA) published in March 2000 a document in which it briefly outlined the principles that an effective and efficient modern legal regime for...
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The Serbian NPL market feels the heat as investors pay increased attention to the region

October, 2016,
The health of the banking sector in Serbia European banks are still coping with the challenging environment defined by, among other issues, the high level of impaired assets and mounting...
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Serbia: Announcements of first MVNOs in Serbia

July, 2016,
On 6 July 2016, the Serbian telecommunications regulator, the Regulatory Agency for Electronic Communications and Postal Services (“RATEL“), announced that a new virtual mobile network operator (“MVNO“), Globaltel, had been...
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Serbia: New Enforcement and Security Act – Novelties on Provisional Measures

April, 2016,
The new Serbian Enforcement and Security Act becomes applicable on 1 July 2016. The changes are numerous. This is the first in a series of our Newsletters in which we...
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Serbia Imposes New Withholding Tax and Expands the Scope of Deductibles

February, 2016,
New withholding tax As of 1 March 2016, payments to non-resident legal entities for services provided or used in Serbia will be exposed to a new withholding tax, at the...
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Republika Srpska: New Labour Act

February, 2016,
New Labour Act of Republika Srpska (“Labour Act“) came into force on 20 January 2016. Fixed-term employment Fixed-term employment regime is liberalised to an extent. So far, fixed-term employment period...
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Serbia: New Act on Secondment of Employees Abroad

January, 2016,
In November 2015, the Serbian Parliament passed a new legislation regulating secondment of employees abroad  (Act on Conditions for Secondment of Employees to Temporary Work Abroad and their Protection, “Official...
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Serbian Parliament adopts the Law on Investment

October, 2015,
On 23 October 2015, the Serbian Parliament adopted the Law on Investment. The new legislation replaces the Law on Foreign Investment and establishes a new institutional framework for subsidizing foreign...
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New strategy for NPL resolution in Serbia: Where are we heading and what is important for potential investors?

September, 2015,
September 2015 The Government of Serbia has expanded its campaign to reduce systemic risk and unclog bank lending channels by adopting the Strategy for the resolution of non-performing loans (Strategija...
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Montenegro: Personal Bankruptcy Act

September, 2015,
Personal bankruptcy has been introduced for the first time in Montenegro. The Personal Bankruptcy Act came into force on 22August 2015. The new law applies to consumers. Consumer is defined...
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