The end of the current year and the beginning of the new year bring changes in the form of a fee hike applicable to all legal entities covered by the Business Register Agency (“BRA“). The November Decision on Registration Fees and Other Services brought by the BRA of the Republic of Serbia increased fees for almost all services provided by the Agency (“Decision“). Among others, the Agency changed fees for registration of incorporation, data changes, registration of other data, and deletion of data. This change is of great importance to anyone planning any corporate changes, bearing in mind that the […]
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The Judgment of the European Court of Justice (“ECJ“) from November this year raised the issue of compatibility of proclaimed fundamental human rights with public registers of ultimate beneficial owners available to all interested parties (“Judgment“). According to the Fourth Anti-Money Laundering and Terrorist Financing Directive (the “Fourth AML Directive“), all European Union member states were obliged to make public the registers of beneficial owners of companies operating in their countries so that they can be accessed by any person who has a “legitimate interest.” Accordingly, in 2019, Luxembourg passed a law confirming this directive. It established a register of ultimate […]
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The European Commission (Commission) continues to work on implementing the Digital Markets Act (DMA). On December 9, 2022, the Commission published a draft regulation on implementing the DMA and annexes. Public consultations are currently underway until January 6, 2023. The Commission would like to consider the input of different publics and take on board their suggestions, comments, and proposals when finalizing this draft regulation. Feedback received will be published on the Commission’s website and must adhere to the rules for input and suggestions. To participate in the public consultation process, interested parties must register. The regulation aims to ensure fair, efficient, and complete […]
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Gecić Law is proud to announce the appointment of its Founding Partner Bogdan Gecić to the Board of Directors of the UAE and Serbia Business Club. The United Arab Emirates and Serbia Business Club announced that it had elected Bogdan Gecić to take on this important role in the prestigious organization at its annual Assembly held last week. The United Arab Emirates and Serbia Business Club was established in 2019 on the initiative of the UAE Embassy in Serbia and the most reputable companies from the UAE and Serbia. Gecić Law was among the founding members of the organization. The UAE and Serbia Business […]
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Our Founding Partner, Bogdan Gecić, took part in a webinar organized by the preeminent Israeli law firm Shibolet titled „The Effect of New EU Regulation on Israeli and Global Trade.“ The audience, primarily Israeli businesses in diverse industries, had the opportunity to hear from leading experts in both ESG and EU law and international trade about how the EU’s new ESG regulation may affect trade relations with the EU and what they can do to prepare. Galit Ofer, Partner at Shibolet, introduced the panel and provided an overview of the ESG agenda and the significance of EU-Israel trade relations. She […]
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Underscoring the importance of top-notch dispute resolution in strengthening the firm’s market-leading capabilities, Gecić Law is delighted to announce that Jovana Veličković is joining the team as a partner and head of Dispute Resolution. Jovana will continue building on the successes of the practice in complex litigation, regulatory proceedings, arbitration, and mediation, ensuring that our current and new clients benefit from the outstanding results and professional excellence of the renowned Gecić Law Dispute Resolution team. Jovana is a seasoned lead litigator with more than a decade of experience focusing on commercial litigation with a strong track record of representing and […]
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The final evening of the Empower IT contest was held last night at the Startit Center in Belgrade. Manpower organized the competition in cooperation with Gecić Law, the Faculty of Organizational Sciences, FONIS, Levi9, and TPA Serbia . The finalists had the opportunity to present their projects again to the jury, who then voted and announced the competition’s winner. The winning team was 3 Pixels which won a prize of 150,000 dinars for their project Check and Connect. The Empower IT competition allowed young IT and business experts to apply their knowledge and skills to solve specific IT problems and […]
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A significant and long-awaited day for Bosnia and Herzegovina! As announced by the Council of the EU, the EU General Affairs Council recommended granting the candidate status to Bosnia and Herzegovina. The European Council will make the formal decision on Thursday, December 15, at the summit of the leaders EU’s 27 in Brussels. It’s been six years since the country submitted its formal application for full membership in the EU back in 2016. The process is now nearing its conclusion, and yet another Western Balkans country is about to reach its primary goal – attaining candidate status as an essential step […]
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Our colleague Nemanja Sladakovic took part on Friday in a panel discussion titled “Expert talks – How to measure sustainability? News that will influence sustainability reporting cycles”, held as part of the CSR Forum organized annually by the Responsible Business Forum. Panelists discussed how sustainability is measured and what changes will affect ESG reporting cycles. Nemanja spoke about introducing the EU Carbon Border Adjustment Mechanism (CBAM), which will significantly affect the economies of countries with a significant share of exports to the EU. Other participants in the panel were Vladica Janković from the Statistical Office of the Republic of Serbia, Danko Kalkan, Ernst & Young, Nina […]
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European Union (EU) and Western Balkans telecommunication operators signed a Roaming Declaration at the EU-Western Balkans Summit held on Tuesday in Tirana. According to the Declaration, Western Balkans – EU roaming charges will be reduced voluntarily from 1 October 2023, with subsequent reductions gradually leading to their complete elimination. The commitment was also reinforced as part of the Tirana Declaration, which was agreed upon at the Summit. The initiative is another crucial step in bringing the Western Balkans closer to the EU. It aims to enhance connectivity, mobility, and affordability of telecommunication services for individuals and businesses, contributing to more opportunities for […]
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