This year’s Exit festival, a major event on Europe’s musical scene, which traditionally takes place in Novi Sad (Serbia), ended on 14 July. It is worth taking a look into legal squabbles the festival has lately had with the Serbian collecting societies. It turns out that at least one such dispute ended recently, and that […]
BDK’s competition lawyer Dragan Gajin was interviewed by Serbian weekly NIN for an article on state aid in Serbia. Mr. Gajin provides an insight into the extent of state aid and explains the pitfalls of the related legal framework. The article (in Serbian) can be read following the link below.
Amendments to the Law on Civil Procedure of Republika Srpska, applicable as of 27July 2013, introduce significant novelties. The intention of the legislator behind many of the changes was to increase efficiency of proceedings. Adversarial process Traditionally investigative proceedings have acquired adversarial traits. Prior to the amendments, the judge had a duty to take evidence […]
BDK is pleased to announce the addition of Mr. Srđan Femić to the team. Mr. Femić brings with him a variety of skills and strengths in telecommunications and technology sectors which will enhance BDK’s efforts to better serve clients and continue to grow. Srđan Femić joins BDK as the Head of Telecom & Technology Practice […]
On 16 July 2013, the Government of Serbia submitted to the Parliament its proposal of the amendments to the Law on Protection of Competition. We wrote on this blog on the first draft proposal of the amendments, published in April 2013. The bill that reached the Parliament contains some notable modifications to the initial draft. […]
At the end of April 2013, a new set of bylaws elaborating provisions of the Law on Protection of Competition came into force: 1) Rulebook on the content and the manner of submission of the application for individual exemption; 2) Rulebook on the manner and the criteria for defining relevant market; 3) Rulebook on the form and […]
The Serbian Supreme Court of Cassation addressed in its decision dated 14 February 2013 the issue of standing to challenge decisions on individual exemption of restrictive agreements from prohibition granted by the Serbian Commission for Protection of Competition. The non-confidential version of the judgment was published in May on the court’s website. In the judgment, the court […]
Increased threshold for mandatory takeover offer The percentage of voting shares held in the target company that triggers mandatory takeover offer is increased from 25% to 30% of total number of issued shares, excluding treasury shares. Exceptions from the obligation to launch takeover offer Additional exceptions from the obligations to launch a takeover offer are […]
On 12th July 2013, the Ministry of Finance issued the Rulebook on transfer pricing and arm’s length methods applicable to determination of prices in related-party transactions (“Rulebook”). The Rulebook implements the provisions of the Corporate Income Tax Law (“Law”) on transfer pricing, introduced in December 2012. According to those provisions, mandatory transfer pricing documentation has […]
The National Bank of Serbia amended its Decision on Transactions with Financial Derivatives (Odluka o obavljanju poslova sa finansijskim derivatima, “Official Gazette of the Republic of Serbia”, No. 85/2011) to allow Serbian resident legal entities to enter into cross-border transactions with non-deliverable commodity derivatives under the condition that the transactions are entered into for the […]
