Serbia has recently amended the Companies’ Act to introduce a legal framework for employee stock option plans (“ESOPs“) in limited liability companies (“LLCs“). Although the Parliament passed the law on 23 December 2019, the relevant provisions enabling creation of ESOPs in LLCs will take effect on 1 April 2020. LLC is the most popular corporate […]
New Montenegrin Labour Act introduces important changes to the regulation of employment. 1. The maximum duration of fixed-term contract is extended to 36 months Although the basis for conclusion of fixed-term contracts remains limited (work the duration of which is pre-determined by a deadline, by a completion of certain work, or occurrence of a specific […]
BDK Advokati contributed to the latest edition of The In-house Lawyer Private Client guide, which provides an overview of the laws and regulations of Private Client across a variety of jurisdictions, including Serbia. The Serbian chapter was contributed by BDK’s Tomislav Popović and Luka Radojević. The chapter offers a nimble summary of main rules on […]
Employees in Serbia have been traditionally entitled by law to reimbursement of costs of commuting to and from work in the amount capped at the price of public transportation ticket, unless the employer organizes transport for the workers. Even though this statutory language refers to cost reimbursement, this benefit had been paid for a number […]
BDK Advokati announces the promotion of Saša Stojanović to partner and Bisera Andrijašević to senior associate. Saša joined BDK Advokati in 2018 from the top Viennese law firm Eisenberger & Herzog as experienced M&A lawyer. He led several M&A transactions in the course of 2019 and proved himself as competent lawyer and excellent manager and […]
Biomin GmbH acquires all shares in Serbian VINFEED DOO, one of the leading Serbian distributors of animal nutrition products. Biomin GmbH is a member of the Austrian ERBER Group, a leading group of globally present companies active in the field of food and feed safety. The deal was closed on 18 December 2019. The parties […]
Biomin GmbH erwirbt sämtliche Anteile an der serbischen VINFEED DOO, welche eine der führenden serbischen Vertriebsgesellschaften im Bereich der Tierernährung ist. Biomin GmbH ist Mitglied der österreichischen ERBER Group, welche eine führende Gruppe im Bereich Futter- und Lebensmittelsicherheit mit weltweiter Präsenz ist. Die Transaktion wurde am 18 Dezember 2019 vollzogen. Über den Kaufpreis wurde Stillschweigen […]
Background Despite ideological and legal differences between the social partners (employers’ and trade unions) that emerged in the course of its drafting, the Staff Leasing Act (“Act“) was finally adopted on 6 December 2019 and will become applicable on 1 March 2020 (except for the provisions on licensing of the staff leasing agencies, which will […]
Decathlon, one of the world’s largest sporting goods retailers, opened its first outlet in Serbia. With stores in more than 50 countries and tradition of more than 40 years, this French sports chain offers sports equipment for all age groups and for more than 80 sports. Decathlon is expected to enrich Serbian sports retail market […]
