In 2014, Serbia made a big step forward in aligning its payment services regulations with the EU rules. The Payment Services Act (Zakon o platnim uslugama), a local equivalent of the first Payment Services Directive (“PSD1“), was adopted, opening the doors of the industry to non-bank service providers. The acquis target then moved in early […]
On 17 June, the UK government introduced in the House of Commons the Data Protection and Digital Information Bill, a 192-page document containing numerous amendments to the country’s data protection laws. If implemented, the intended changes would make the UK data protection law more attuned to the needs of businesses. In contrast, privacy activists are […]
Funds managed by CapMan Buyout have agreed to sell to PE firm One Equity Partners the holdings in Fortaco Group, the leading brand-independent strategic partner to the heavy off-highway equipment and marine industries offering technology, vehicle cabins, steel fabrications and vehicle assemblies. BDK Advokati advised on the Serbian aspects of the transaction. Closing of the […]
The European Commission adopted in May 2022 a new Vertical Block Exemption Regulation (VBER) and new Vertical Guidelines (Guidelines), effective as of 1 June 2022 and valid until 31 May 2034. The new VBER applies to all agreements concluded on or after 1 June 2022. The agreements which were in force as of 31 May […]
BDK advised EPAM Systems Inc. (NYSE) on the acquisition of IP assets and takeover and integration of employees of Serbian IT company Vivify Ideas d.o.o. Novi Sad. Our team of lawyes was led by managing partner Tijana Kojović. The senior team on the transaction also included Tomislav Popović, corporate and tax law counsel; partner Bogdan […]
The Government of Serbia adopted the Decree on the Criteria for Granting Incentives to Employers Hiring Foreign Experts Relocating to Serbia[1] (“Decree”), effective as of 18 June 2022. The Decree introduces state subsidies to companies and entrepreneurs registered in Serbia, as well as Serbian branches and representative offices of foreign companies (“Serbian Employer”), for hiring […]
Model Program The Serbian Commission for Protection of Competition has published Model Competition Compliance Program, along with the guidelines on how market participants should adapt the model to their personal circumstances. The practice of competition law enforcement in Serbia so far shows that competition law infringements are often result of a complete lack of awareness […]
BDK Advokati’s partner Milan Dakić authored the Serbian chapter featured among 25 jurisdictions in the 2022 edition of the Chambers’ Global Practice Guide on Construction law. The Serbian chapter gives a comprehensive overview of the regulatory framework for the construction in Serbia, covering the latest legal information on, inter alia, the impact of COVID-19 on […]
On 18 May 2022, a group of MP’s proposed amendments to the Foreigners’ Act to introduce a possibility to obtain temporary residence permit for digital nomads. The parliamentary debate on the amendments is expected to start at the beginning of June 2022. The amendments are designed to attract to Montenegro foreigners from IT and other […]
