The new Privatisation Act (Zakon o privatizaciji, “Official Gazette of RS” no. 83/2014), adopted in August 2014, introduced ‘strategic partnership’ as one of the privatization methods. ‘Strategic partnership’ can take the form of a corporate joint venture between the state and an investor or the form of acquisition of shares by strategic investor in exchange […]
Draft Law on Payment Services – creates new opportunities The National Bank of Serbia has published the Draft Law on Payment Services. If enacted, this law will bring significant changes to the payment services sector, currently regulated by the Law on Payment Transactions, as far as domestic transactions are concerned, and the Law on Foreign […]
Public notaries (javni beležnici) have been active in Serbia for already a month[1]. This brings, inter alia, a number of novelties in real estate transactions. Agreements on disposal of rights over immovable property, including mortgage agreements and unilateral mortgage statements, have to be concluded in the form of a notarial deed (javnobeležnički zapis). A failure […]
The Electronic Media Act, along with two other media laws that came into force in August 2014, the Public Information and Media Act and the Public Service Media Act (1), brings the following main changes to the regulatory framework for electronic media services: (i) alignment with the EU regulatory framework i.e. the Directive 2010/13/EU (“Audiovisual Media […]
As of mid-August 2014, the Serbian Insolvency Act applies in its amended form. The amendments enhance the principles of transparency and cooperation. They provide for on-line publication of all court decisions rendered and parties’ submissions made in insolvency proceedings. Insolvency administrators are now obliged to make the insolvency debtor’s books and records available to the […]
No summer for the Serbian Parliament – the new Privatisation Act is one of many outputs of the prolific 2014 summer session. The deadline for mandatory privatisation of the relict called ‘socially-owned capital’ is prolonged for the nth time, until the end of 2015. Privatisation of state-owned capital (now called ‘public capital’) remains discretionary. The […]
Scroll down for Serbian version/Verziju na srpskom mozete videti ispod Following the turbulent debate inside and outside the Serbian Parliament, the amendments to the Labour Law were adopted on 18 July 2014, and come into force on 29 July 2014. The amendments, although numerous and some of them significant, do not modify the fundamentals of […]
The Act on Deadlines for Settlement of Monetary Obligations (“Late Payment Act”) entered into force in Montenegro on 12 July 2014. This piece of legislation is inspired by the EU Late Payments Directive 2011/7. It applies to the commercial transactions between undertakings, as well as between undertakings and public sector. Deadlines for settlement of monetary […]
Bogdan Ivanišević, partner at BDK Advokati, spoke on 14 March at the seminar on GDPR – digital rights and obligations, organized by PC Press, Belgrade-based publisher specialized in ICT themes. Implementation of EU’s General Data Protection Regulation will begin on 25 May this year and Serbian companies whose business includes processing of personal data of […]
BDK’s nominated deal, financing of 104.5MW Kovačica Wind farm, is one of three finalists for the Deal of the Year Award launched by CEE Legal Matters. The competition extends to 17 different CEE countries. Senior partners from leading firms in each CEE jurisdiction carefully reviewed the deals and ranked them based on complexity, size, and […]
