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The rise of the BNPL model and the opportunities in the Serbian market

November, 2021, , ,
The current global environment is giving BNPL (“buy now pay later”) incredible momentum. People are working and shopping more and more from their homes. Many of them need more financial...
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Investment protection between Serbia and major economies: United States

November, 2021, ,
Introduction to the Series Foreign investments play an important role in Serbia’s economic policy. With 53 signed bilateral investment treaties (“BITs“), only few of which are not in force, Serbia...
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Which employment-related documents can be executed in electronic form in Serbia?

November, 2021 and , ,
According to the Labour Act, a number of employment-related decisions (e.g. decision on termination of employment, decision on overtime work, decision on suspension etc) must be personally served on the...
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Can a contractual penalty be stipulated in the employment agreement?

June, 2021,
In 2020, Serbian Supreme Court of Cassation reversed the decisions of the lower courts which had found that an employee who had refused to enter into an annex to employment...
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Serbian businesses should prepare for human rights, environmental, and good governance due diligence

May, 2021, , ,
Trade with the EU prompts the need for compliance with EU law Serbia does not yet have legislation requiring its companies and other businesses to monitor the compliance with human...
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Green house gases on the radar: New permitting requirements in sight

May, 2021, , ,
The Serbian Parliament has enacted the Climate Change Act[1] with a view to further harmonize its legislation with its obligations under the United Nations Framework Convention on Climate Change and...
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Is tax brawl between the government and freelancers about to end?

May, 2021, ,
On 21 April 2021, the Serbian Government announced that it has reached a final deal with a group representing interests of freelance internet workers on the partial amnesty for the...
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Can a fixed-term employee be declared redundant under Serbian law?

May, 2021, ,
The provision of the Labour Act allowing termination for redundancy does not distinguish between fixed-term and permanent employees. The distinction between indefinite-term and fixed-term employees is made only with respect...
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National Bank of Serbia refines its position on the permissibility of pledge on local receivables as security for claims of foreign creditors against Serbian debtors

April, 2021, ,
Last week, we critically commented on the NBS’s interpretation of the Serbian Foreign Exchange Act with respect to the permissibility of pledge on local receivables as security for claims of...
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National Bank of Serbia risks own goal with the new position on cross-border secured transactions

April, 2021, ,
The National Bank of Serbia (“NBS“) released interpretative guidance regarding the application of the foreign exchange regulations on certain cross-border transactions. Among other things, the guidance responds to a question...
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