Almost five years after the new Serbian Constitution permitted the de-centralization of state-owned assets and their push down from the Republic of Serbia to the municipal level, has the Serbian Parliament enacted the Law on Public Property which regulates the peculiarities of the public ownership regime. The main positive aspects of the Law on Public […]
With a long delay and pressed by the European Union, Serbia has finally enacted the Law on Property Restitution and Compensation, dealing with property nationalized after WWII. However, no sooner has the ink on the statute dried than it has been threatened with a constitutional challenge by the Hungarian minority in Serbia because of a […]
The National Bank of Serbia (NBS) has adopted the long-awaited decision regulating the conditions for derivatives trading. The decision, which came into force on 1 December, implements the recently amended Law on Foreign Exchange Transactions (Zakon o deviznom poslovanju, Official Gazette of the RS 62/2006 and 31/2011) (see BDK Newsletter 09/2011 here). Local banks can […]
As a step towards harmonizing the Serbian securities legislation with relevant EU Directives, the Serbian Parliament has adopted a new Law on Capital Markets (the Law). The legislator has given market participants6 months to become familiar with the new Law, which will go into effect on 17 November 2011. FX securities. Just as under the […]
Nestlé announced today that it has agreed to acquire the business of Centroproizvod A.d. Company, a leading food and beverage producer in Serbia. This acquisition is a strategic move to strengthen Nestlé’s presence in the region. Nestlé has been present in the Adriatic region since 2003. The Company currently employs around 500 people and operates […]
BDK’s Senior Associate Mirjana Mladenović presented to her colleagues the novelties introduced by the new Serbian Law on Companies.
BDK, in cooperation with Allen & Overy, organized a one-day training course for BDK lawyers on International M&A. The course was led by A&O’s Ian Elder and featured lectures and case studies on structuring cross-border transactions, preliminary agreements, due diligence and drafting and negotiating international transactional documentation.
BDK, as member of SEE Legal – an organization of leading independent law firms in South East Europe, participated in the production of the SEE Legal Employment Guide. The guide covers relevant employment topics for Serbia, Montenegro, Albania, Bosnia & Herzegovina, Bulgaria, Croatia, Greece, Kosovo, Macedonia, Romania, Slovenia and Turkey. The SEE Legal Employment Guide
Four months after the Law on Property Tax was amended, the Serbian Parliament voted to adopt a new set of amendments to this legislation, with retroactive effectiveness as of 1 January 2011. The new amendments relax certain solutions introduced at the end of 2010. The new amendments stipulate that the estate tax in 2011, for […]
The Serbian Parliament has adopted amendments to the Planning and Construction Law. The amendments are primarily intended to speed up legalization procedures and the procedure to convert the right of use into ownership, which has to date yielded no results. The discount on the groundwork fee for legalization of a family residential facility was increased […]
