Artificial intelligence (AI) is transforming industries and everyday life, but with its rapid development comes new challenges, especially when things go wrong. The European Union has introduced new rules to make it easier to claim compensation in the event of AI liability. The new regulations clarify the responsibility of AI system manufacturers and others under certain conditions. Considering AI systems’ unpredictable nature and development, this is indeed a significant step forward. It certainly represents a significant progress in fully incorporating AI into everyday life. Making It Easier to Hold AI Manufacturers Accountable The newly updated Product Liability Directive aims to […]
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To bolster Europe’s clean energy transition, the European Commission has recently announced a EUR 4.6 billion investment. This funding aims to advance net-zero technologies, electric vehicle (EV) battery cell manufacturing, and renewable hydrogen production. Thie initiative marks a pivotal step in the EU’s commitment to achieving climate neutrality by 2050. Investment Breakdown Net-Zero Technologies: A EUR 2.4 billion call for proposals targets projects that focus on decarbonization, including the manufacturing of components for renewable energy, energy storage, heat pumps, and hydrogen production. This effort aims to enhance Europe’s leadership in innovative, clean energy technologies. Electric Vehicle Battery Manufacturing: For the […]
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The European Commission recently released a comprehensive set of Frequently Asked Questions (FAQs) to assist investors and companies in implementing the EU Taxonomy, a classification system that defines environmentally sustainable economic activities. This initiative aims to enhance the usability of the EU’s sustainable finance framework and alleviate administrative burdens for companies. The EU Taxonomy is integral to the EU Action Plan on Sustainable Finance. It specifically provides a standardized framework to identify economic activities that significantly contribute to one or more of six environmental objectives without causing substantial harm to others. These objectives encompass climate change mitigation, climate change adaptation, sustainable […]
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Gecić Law has once again set a benchmark for excellence and innovation. This year, we are proud to announce that our firm has been Commended as one of the top three in the fiercely competitive Law Firm of the Year: South Eastern Europe category at The Lawyer European Awards 2024. The term ‘commended’ signifies recognition for outstanding achievement and performance, ranking just below the top award. In this case, it means we have been awarded third place among the best law firms in a region encompassing over 150 million people—a testament to our exceptional dedication, innovation, and impact. Setting Standards […]
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Congratulations to Andrija Jakovljević on this exceptional achievement! Based on the evaluation of the judging panel and the selection rules, we are delighted to announce that the Taboroši Sholarship for 2024/2025 will be awarded to the top candidate, Andrija Jakovljević, a fourth-year student at the Faculty of Law, University of Belgrade. On this occasion, we wish to congratulate the winner for the outstanding quality of the submitted work and express our gratitude to all other participants in the competition. The inclusion of fourth-year students from state faculties of law in this year’s competition, along with their response, has been truly […]
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The Serbian Parliament has passed the amendments to the Energy Act, introducing significant reforms to the nation’s energy policy – a landmark change is lifting the long-standing moratorium on nuclear power plant construction, which has been in place since 1989 following the Chernobyl disaster. The updated legislation also includes broader measures aimed at modernizing Serbia’s energy sector. Key Changes in the Amendments 1. Nuclear Energy Development: The moratorium, established during the former Yugoslav era, is officially repealed. This paves the way for developing nuclear energy as part of Serbia’s strategic energy plans. The amendments introduce regulatory frameworks for nuclear energy […]
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Gecić Law has done it again! For the seventh consecutive year, our firm has entered the finals for The Lawyer European Awards 2024, and this year’s achievement is nothing short of extraordinary. The excitement is building, and we’re entering the final countdown to the most anticipated legal event of the year. This year, we are proud finalists in three prestigious categories. European Litigation Team of the Year European Finance Team of the Year Law Firm of the Year: South Eastern Europe This remarkable achievement places us in the exclusive company of Europe’s elite legal firms. It highlights Gecić Law as […]
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Last week, the European Council adopted new legislation to regulate Environmental, Social, and Governance (ESG) ratings providers. This marks a significant step in enhancing the transparency, reliability, and accountability of ESG ratings, which have become crucial in sustainable finance and investment decision-making. The regulation addresses the increasing demand for trustworthy ESG data amid criticisms about the sector’s lack of oversight and uniformity. Key Features of the Regulation Supervision by ESMA Under the new rules, ESG ratings providers operating in the EU must obtain authorization from the European Securities and Markets Authority (ESMA). This requirement also extends to providers outside the […]
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We are thrilled to announce a significant milestone for Gecić Law and our founding partner, Bogdan Gecić. Bogdan has been appointed Regional Co-Vice Chair for Europe at TerraLex, a prestigious role within this elite global legal network. This appointment positions Bogdan as a pivotal leader in advancing TerraLex’s mission across Europe. Together with his Regional Co-Vice Chair and the TerraLex team, he will enhance regional coordination among European member firms, fostering seamless cross-border collaboration and ensuring the network’s legal services are unified and responsive. His role also includes representing European legal interests within TerraLex, ensuring the network’s strategies address the […]
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Gecić Law proudly presents the latest edition of our ESG Chat @ Gecić Law series, where we spotlight innovators who are paving the way for integrating Environmental, Social, and Governance (ESG) principles across industries. In this special edition, we are thrilled to feature an insightful conversation with Milica Mišković, Co-founder and Managing Partner of the ESG Knowledge Hub. She leads projects that elevate corporate standards and strengthen the resilience of businesses in the region. She advocates for sustainability and responsible business practices at both corporate and community levels. The interview In our interview, Milica reflects on her remarkable journey. She […]
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