Indotek Group to acquire GTC's Serbian office portfolio
Sticky Post

Indotek Group to acquire GTC’s Serbian office portfolio

Hungarian real estate investor Indotek Group has signed a sale and purchase agreement for the purchase of 11 office buildings from Globe Trade Centre (GTC) for the proposed acquisition price of EUR 267,6 million. The GTC office portfolio is located in New Belgrade, a prime business district in Belgrade, and consists of 11 premium quality […]

Serbian businesses should prepare for human rights, environmental, and good governance due diligence
Sticky Post

Serbian businesses should prepare for human rights, environmental, and good governance due diligence

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 rights and environmental standards throughout their value chains. However, such requirements are becoming increasingly relevant for Serbian companies, given the country’s high dependence on trade […]

Supervisory authority and court disagree on freedom of expression vs. data protection
Sticky Post

Supervisory authority and court disagree on freedom of expression vs. data protection

On 20 November 2020, the Austrian Federal Administrative Court issued a judgement. Contrary to the decision of the Data Protection Authority (“DPA“), the Court found a violation of the data subject’s rights. The judgement has shown how two different authorities can come to opposite conclusions based on the same facts and methodology. Background The judgement […]

Green House Gases on the Radar: New Permitting Requirements in Sight
Sticky Post

Green house gases on the radar: New permitting requirements in sight

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 the related Paris Agreement, as well as with aquis. Driven by the Directive 2003/87/EC of the European Parliament and of the Council, the Climate Change […]

Can a fixed-term employee be declared redundant under Serbian law?
Sticky Post

Can a fixed-term employee be declared redundant under Serbian law?

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 to the obligation to pass mass redundancy programme, which is triggered if certain minimum number of indefinite-term employees is being declared redundant. Redundancy occurs when […]