30 Mar 2023

Article on Arbitration by Jovana Veličković published in Law and Economy

The article “Subjective Scope of Domestic Arbitral Award” by our Partner and Head of Dispute Resolution, Jovana Veličković, was published in the latest edition of the eminent publication Law and Economy of the Business Lawyers Association of Serbia.  We bring here a summary of the article: Summary: Based on Article 64 par 1 of the Arbitration Act, the domestic arbitration award can legally affect only the parties and their legal successors (singular and universal).  In relation to third parties, the award can affect only if the nature of the subject matter of the dispute requires it (effect erga omnes) or […]

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29 Mar 2023

Revolutionizing the Future: All That AI

The Future Is Here!  And it is here to stay.  What we could only imagine some years ago is now part of our reality, and AI has become an ever-present topic.  AI is everywhere, from banking and healthcare to transportation and entertainment. Learning more about the impact of these innovations makes us ask ourselves how this will alter our habits, make our everyday activities less cumbersome and affect our fundamental rights. So, let’s talk about AI’s pros(perity) and cons(istency) in protecting rights. Pioneering AI.  The European Union (“EU” or “Union“) has set the first global comprehensive regulatory framework to apply to […]

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24 Mar 2023

EU Adopts a New Directive to Fight Greenwashing!

On March 22, 2023, the European Commission adopted a proposal for a new directive to prevent businesses from misleading their customers about the environmental characteristics of their products and services.  The proposed Green Claims Directive (“GCD”) aims to provide consumers with valid, comparable, and verifiable information about the environmental impacts of the purchased products.  The new rules will regulate various claims made by businesses regarding the environmental aspects or performance of their products or services that are not already targeted by other EU rules. GCD also regulates environmental labels, which provide information on the environmental characteristics of a product or […]

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20 Mar 2023

Hello, ChatGPT!

“Machine intelligence is the last invention that humanity will ever need to make.” – Nick Bostrom   The history of artificial intelligence can be traced back to the 1950s, when researchers and computer scientists first explored the possibility of creating machines which could accomplish tasks typically performed by humans. Since then, AI has undergone several significant phases of development, each of which has been marked by essential landmarks and milestones. In 1997, IBM’s Deep Blue computer famously defeated world chess champion Garry Kasparov. In recent years, AI has seen the development of deep learning and neural networks capable of processing […]

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17 Mar 2023

Our Senior Associate Miloš Petaković on Bloomberg Adria

Our Senior Associate Miloš Petaković had a live guest appearance in the afternoon Zoom In program on Bloomberg Adria TV last week. As part of a panel of experts, he was invited to comment on the new proposal to amend and supplement the Serbian Planning and Construction Act and clarify the proposed changes, mainly as they apply to businesses and the economy. Miloš explained the importance of the changes in the treatment of land conversion and related charges.  These are set to resolve a long-standing issue that has been an obstacle for many businesses.  The changes are expected to open new […]

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16 Mar 2023

Gecić Law Expands into Artificial Intelligence and Launches Dedicated Practice

Gecić Law is pleased to announce that it became the first independent law firm in the Adria and Balkans region to launch a stand-alone practice in AI & Robotics. The new practice area will focus on the opportunities and challenges of emerging technological advancements transforming the business world and our daily lives, including artificial intelligence, machine learning, robotics and data analytics. The new practice will focus on the needs of businesses developing and applying solutions in this increasingly prominent area. Founding Partner Bogdan Gecić will head the practice. Gecić Law’s AI team will provide clients with expert guidance and develop […]

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13 Mar 2023

Bogdan Gecić Talks About Regulation and Innovation at the Third Digital Day Conference

Our Founding Partner, Bogdan Gecić, spoke on Friday at the Third Digital Day online conference organized by Universita Degli Studi Firenze for the third consecutive year on March 10-11, titled “At the Roots of Digitalization: A New or Renewed World.” Bogdan was honored to speak at the opening session of the first day dedicated to regulation in the digital field, moderated by Professor Alessandro Luciano of the Universita Degli Studi Firenze.  Carmelo Barbagallo of the Autorita di Supervisione e Informazione Finanziaria, ASIF of the Vatican City delivered the introductory remarks to the session.  Insightful presentations were delivered by illustrious speakers […]

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03 Mar 2023

North Macedonia Ratified Two Agreements as Part of the Open Balkans Initiative

In February, the Parliament of the Republic of North Macedonia ratified the Agreement on the Conditions for Free Access to the Labor Market in the Western Balkans and the Agreement on the Interconnection of Schemes for Electronic Identification of the citizens of the Western Balkans as part of the Open Balkans initiative. Both agreements were signed in Tirana on December 21, 2021, by the President of the Republic of Serbia, Aleksandar Vučić, the Prime Minister of the Republic of North Macedonia, Zoran Zaev, and the Prime Minister of the Republic of Albania, Edi Rama. The Agreement on the Conditions for Free Access to […]

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01 Mar 2023

US Investment Giants Warn Against Negative Effects of ESG Backlash

Sustainable investing has gained significant momentum in recent years as environmental, social, and governance (ESG) principles rose to the top of the corporate agenda.  However, there has recently been growing backlash to ESG investing from multiple stakeholders, including politicians and industries, particularly in the US.  This anti-ESG sentiment has become a significant performance risk for many investment firms on Wall Street. Heavyweights, such as BlackRock, Blackstone, KKR, and T Rowe Price, have cautioned in their annual reports that divergent views on ESG investing could hurt their financial performance.  These warnings follow pressure caused by an accelerated campaign supported by top-ranking […]

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01 Mar 2023

Gecić Law Collaborates with Serbian Chamber of Commerce on IT Startup Guides

Our colleagues and senior associates Nemanja Sladaković and Miloš Petaković presented at the AgTech Supercluster Meet-up event at the ICT Hub yesterday two new publications they helped create as part of Gecić Law’s collaboration on a project led by the Serbian Chamber of Commerce and financially supported by the GIZ project for the development of the private sector in Serbia, part of the German-Serbian development cooperation.  The two guides provide valuable insights to help startups grow and succeed in the highly competitive IT industry. The first publication is a practical guide focusing on legal aspects that IT startups need to […]

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