New Law on Public Procurement Bosnia & Herzegovina has new Law on Public Procurement. The law, adopted in April 2014, will become applicable in November this year, thus replacing the legislation from 2004. It harmonizes domestic public procurement procedures with the Directive 2004/17 EC on coordinating the procurement procedures of entities operating in the water, […]
BDK Advokati has advised regional PE fund Blue Sea Cap on the sale of a 55% stake in MediGroup to Mid Europa Partners. Based on this agreement, Mid Europa Partners will become a majority shareholder (55%) in MediGroup, while Blue Sea Cap will retain a 45% stake in the company. The transaction is expected to […]
Scroll down for Serbian version/srpsku verziju možete videti ispod On 12 June 2014, the European Court of Justice (ECJ) ruled in Gülay Bollacke v K + K Klaas & Kock B.V. & Co. KG [1] that EU law entitles the successors of a deceased employee to claim from the employer a compensation for the annual leave not used […]
Starting 1 July 2014, a new set of rules regulating tax and social security incentives for employers hiring new employees will apply. Novelties were introduced by the Amendments to the Law on Social Security Contributions and the Amendments of the Law on Personal Income Tax (jointly referred to as “Amendments”), both adopted on 30 May […]
On 23 May 2014, the National Assembly of Serbia adopted amendments to a set of laws in the area of civil procedure, specifically the Law on Civil Procedure[1] (“LCP”) and the Law on Non-Contentious Proceedings[2] (“LNCP”)[3]. The amendments are applicable as of 31 May 2014, except for the provisions of LNCP related to public notaries, which shall […]
The Serbian Parliament adopted in urgent proceedings the Amendments to the Law on Privatization extending the existing moratorium on enforcement of creditors’ claims held against the companies in privatization restructuring. The amendments are affective as of 13 May 2014. The previous version of the privatization law provided that the moratorium, imposed back in 2003, was […]
According to the media reports and further clarifications BDK has obtained from the Employment Bureau of Montenegro, this authority has frozen any further issuance of employment permits. Employment permit is required for foreigners wishing to enter into employment relationship in Montenegro. The freeze is imposed because annual quotas for employment permits, set by the Government […]
The Montenegrin Parliament has adopted the Law on Payment Transactions, which is due to become applicable on 8 January 2015. By that time, the Central Bank of Montenegro is expected to enact implementing regulations. The new law implements the EU Payment Services Directive 2007/64 EC, Electronic Money Directive 2009/110 EC, Settlement Finality Directive 98/26 EC […]
Montenegro has recently obtained a new General Collective Agreement (GCA), after almost 18 months of a hiatus. The GCA came into force on 30 March 2014, as a result of bargaining among the representatives of the Government, representative trade unions and the Employers’ Union of Montenegro. The GCA is initially valid for 2 years, and […]
The latest amendments to the Foreign Exchange Law will come into effect on 27 March 2014. The amendments moderately liberalize the foreign exchange regime applicable in Republika Srpska. Foreign deposits – payments via Paypal made possible Residents of Republika Srpka are not allowed to hold money on off-shore accounts except in cases expressly permitted under […]
