Introduction to Medicine Marketing Authorization The pharmaceutical industry ranks among the most profitable sectors globally. In 2023, its estimated global value reached USD 1.6 trillion. This industry also plays a crucial societal role, given the importance of medicines and public health. Consequently, it faces strict regulations. This article explores the conditions for marketing medicines in Serbia. It also highlights regulatory similarities between Serbia and the European Union in this area. Obtaining a Marketing Authorization in Serbia To address this question, we first need to define what a medicine is. A medicine is a marketable product characterized by specific strength, pharmaceutical […]
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Gecić Law is delighted to honor an important milestone for TAG Alliances, as the elite global network marks its remarkable 25th anniversary. As the exclusive member of TAGLaw for Montenegro and Serbia, we celebrate a quarter-century of excellence and innovation in global cooperation in legal services. We look forward to the historic 50th International Conference in Nashville, which will mark the official commemoration of the anniversary. The History of TAG Alliances TAG Alliances originated in 1999, when founder Peter Appleton Jones established an alliance of law firms known as TAGLaw. That same year, ten innovative law firms started collaborating at […]
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The ESG Adria Summit 2024, held in Tivat, Montenegro, successfully concluded its two-day agenda, leaving attendees enriched with insights on sustainable practices and technological innovations aimed at a sustainable future. This year’s theme, “Act Now for a Sustainable Tomorrow,” underscored the urgency of adopting strategies that align with ESG principles. Day 1 Highlights: AI at the Forefront of Sustainability The summit kicked off with powerful opening remarks from local dignitaries and ESG leaders. This set the stage for a series of discussions that intertwined sustainability with pioneering technologies and policies. Sessions on renewable energy funding and sustainable urban futures ensued. […]
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The European Critical Raw Materials Act (CRMA) was formally signed by the co-legislators, the European Council, and the European Parliament today. The Act will enter into force 20 days after publication in the EU Official Journal. Introduction to the European Critical Raw Materials Act (CRMA) In an era marked by rapid technological advancement and escalating geopolitical tensions, securing access to essential resources has become a priority for nations worldwide. The European Union, recognizing the strategic necessity of ensuring a sustainable and secure supply of critical raw materials (CRMs), has adopted the European Critical Raw Materials Act. This legislative framework is […]
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After numerous delays, the European Parliament gave the green light today for the Corporate Sustainability Due Diligence Directive (CSDDD). This directive aims to hold companies accountable for any environmental or human rights violations in their supply chains. However, the final version of the CSDDD has been significantly watered down from its original proposal, much to the dismay of sustainability advocates. The CSDDD, also known as the CS3D, sets out a standard for corporate due diligence on sustainability in the EU. This primarily involves environmental and human rights concerns. Under the new rules, companies are responsible for their own actions and […]
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Gecić|Law and the University of Belgrade’s Faculty of Law are proud to announce a cooperation agreement signed yesterday. The agreement defines collaboration on the recently established a Law and Technology Clinic. The pioneering educational initiative integrates cutting-edge technology with practical legal training. This partnership highlights our dedication to enhancing the educational landscape for law students through innovative approaches. The Law and Technology Clinic The clinic, initiated by Prof. Dr. Dušan V. Popović, a renowned professor in this emerging field, will be open to fourth-year undergraduate students. The Law and Technology Clinic offers a dynamic and interactive learning environment where students […]
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We are excited to announce that Gecić Law will participate in the ESG Adria Summit in Tivat, Montenegro, from April 24-26, 2024. The premier event focuses on issues of sustainable development in the region. Gecić Law distinguishes itself for its innovative leadership in ESG and sustainability matters. Notably, it was the first independent law firm in the region to establish a dedicated ESG legal practice. With its expertise in EU law, the firm also offers a unique perspective on navigating the future of sustainability. Bogdan Gecić, Founding Partner of Gecić Law, will be a featured panelist in the discussion titled […]
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Bogdan Gecić, the founding partner of Gecić|Law, took part today in the opening panel of the Healthpharm 2024 SEE Forum & Fair, to be held in Belgrade at the Chamber of Commerce from April 9-10, 2024, and at the University of Belgrade – Faculty of Law on April 11, 2024. The session titled “Western Balkans E-health and E-pharma: How to Use AI for Social Good?” delved into the power of artificial intelligence in healthcare and pharma, aiming to harness technology for the benefit of society. How to Use AI for Social Good? Bogdan made a significant contribution to the discourse. […]
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We are proud of our Senior Associate Vuk Leković, who indeed had the exceptional honor of joining an impressive list of speakers at the opening day of the tenth annual regional conference “Internet Dialogue 2024“, organized by the Faculty of Law, University of Belgrade, and the “Register of National Internet Domain of Serbia” Foundation (RNIDS), taking place on April 8th and 9th at the premises of the Serbian Chamber of Commerce in Belgrade, under the auspices its Center for Digital Transformation. Artificial Intelligence: Challenges in Business Law The first day of the conference indeed gave special attention to artificial intelligence […]
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Intro In a historic ruling, the General Court (GC) has upended a significant European Commission (Commission) Decision, accusing the BEH Group of leveraging its dominant position in Bulgaria’s gas supply market. This landmark case represents an unprecedented event as it stands as the full annulment of Article 102 TFEU decision, underscoring the meticulous scrutiny applied by the GC in its assessment of competition law matters. At the heart of this legal saga is the Bulgarian Energy Holding (BEH), a state-owned entity boasting key subsidiaries like Bulgargaz and Bulgartransgaz, which play pivotal roles in Bulgaria’s energy sector. Bulgargaz, acting as the […]
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