13 Oct 2021

What is ESG and why is it important?

Multinational entities and governments are pushing for more action regarding Environmental, Social and Governance (ESG) issues. As a result, enterprises increasingly integrate the ever-changing social and environmental factors into their business strategies. The concept of business success has changed and so must the actions they take. But what exactly is ESG? ESG is a set of standards to guide corporate policies to ensure sustainable development in the fields of environment, social and corporate governance. How Did We Get to ESG? Only twenty years ago, if one would ask a group of individuals with a business background about the main objective […]

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07 Oct 2021

Gecić Law Expands with ESG Practice Launch

Gecić Law is pleased to announce that we have become the first independent law firm in the region to expand into the sphere of Environmental, Social & Governance (ESG) by launching a new practice that will focus on the needs of businesses in this increasingly prominent area.   The practice will be co-headed by Partner | Head of Corporate/M&A Ognjen Colić and Head of Operations Hristina Kosec. The formal development of the ESG practice is a natural expansion of our corporate law activities and complements existing practices at Gecić Law.  Our firm’s multijurisdictional, holistic, and cross-disciplinary approach will be coupled with […]

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04 Oct 2021

EU Proposes the Prolongation of the State Aid Temporary Framework

The European Commission has proposed the prolongation of the State aid Temporary Framework until 30 June 2022, in order to expedite the ongoing Covid-19 economic recovery in Europe. The Temporary Framework was initially adopted on 19 March 2020 and to this date, it was amended and prolonged five times (more information available here and here). Margaret Vestager, the Executive Vice-President, who is in charge of the competition policy said that we are finally seeing improvements in the EU economy after the big crisis that hit the EU due to Covid-19.  She also added: ’’[W]e need to be aware of disparities […]

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01 Oct 2021

Bogdan Gecić Discusses Getting Top Performers Back on Track in Forbes

Bogdan Gecić, Managing Partner at Gecić Law, was quoted once again in Forbes, the leading global business publication, in an article titled “How To Get Your ‘A’ Players Back On Track When They’re Bored Or Burned Out”. Bogdan was asked to join a panel of experts and share his perspective on approaching top performers when they are bored or burned out from the point of view of an eminent entrepreneur in the legal and professional services industry. “Burnout is often less about being tired and more about a feeling of not having control over your life—as if work is just […]

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Facebook’s Ray-Ban Stories cause privacy concerns in Europe

Facebook teamed up with Ray-Ban to create Ray-Ban Stories, new smart glasses.  The product, which will initially be only available in stores in Australia, Canada, Ireland, Italy, the UK and the US, is already facing severe scrutiny over privacy concerns.  So, how are different privacy watchdogs taking the development of these spectacles? Did Facebook take any steps to respond to privacy concerns? And finally, could the smart glasses come under the radar of privacy watchdogs in the Western Balkans?   What are Facebook’s Ray-Ban smart glasses? Smart glasses are not a new technological development.  The concept has been around for […]

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27 Sep 2021

China sends shockwaves across global markets

China again demonstrated the potential of its impact on the global economy as its actions and signals sent ripples through world markets last week. China’s central bank reiterated last Friday that all cryptocurrency-related transactions are illegal and will be outlawed, delivering the clearest signal yet of the country’s determination to crack down on the industry to “preserve economic, financial and social order”. The move comes after Chinese authorities banned cryptocurrency mining earlier this year. Chinese authorities have said they will coordinate their efforts to ensure the end of cryptocurrency trading.  The People’s Bank of China stated that cryptocurrencies may not […]

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23 Sep 2021

Ognjen Colić Elected Partner at Gecić Law

We are immensely pleased to announce that our own Ognjen Colić was elected partner at Gecić Law. This is a greatly important milestone marking five years of continued successes.  Ognjen’s independent practice joined Gecić Law in 2016, complementing its corporate arm and contributing to the strengthening of common values. Ognjen has since headed our Corporate/M&A, Labor and Energy, Infrastructure & PPP practices, taken them from strength to strength and will continue driving their growth as a partner.  Ognjen’s career path has been remarkable, with more than fifteen years of professional experience across the Western Balkans (Bosnia & Herzegovina, Montenegro, North […]

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16 Sep 2021

EU announces Global Gateway ahead of VDL’s Western Balkans trip

The European Union (“EU”) will launch a project called Global Gateway, European Commission (“EC”) President Ursula von der Leyen said during her latest State of the Union address.  The project will aim to bring the EU closer to its partners worldwide.  Besides revealing plans for the Global Gateway, the commissioner also announced her Western Balkans trip. The fact that the two topics were brought to light in the annual EU policy speech may mean that the Global Gateway could bring more investments from the EU to the region.  Commenting on the project, Von der Leyen added that the bloc wants […]

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06 Sep 2021

Irish watchdog issues record fine in WhatsApp data protection ruling

The Irish Data Protection Commission (“DPC”) fined Facebook’s WhatsApp with EUR 225 million in its latest EU data protection ruling.  The fine is the second largest of its kind in the EU. So far, only Amazon paid more in a privacy case in the EU. The DPC said in its ruling on September 2 that WhatsApp’s policies were not in line with the EU’s General Data Protection Regulation (“GDPR”), noting it registered breaches of Article 5(1)(a) as well as Articles 12 through 14.  The breaches particularly include the provision of information and the transparency of that information to both users […]

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30 Aug 2021

Instagram Reels vs TikTok – an IP perspective

The struggle for existing and new users between companies that develop applications is relentless as our lives have been practically moved to the Internet over the years.  It seems that the opposing sides do not choose the means anymore, so this is an IP perspective on Instagram Reels vs TikTok. Back in 2010, when Instagram was launched, social media (“SM”) networks were used to post personal content and maintain contacts, and Instagram focused on creating a photo-sharing platform.  As the popularity of SM networks increased, sales came into focus and advertising content became a widespread feature.  An SM network collects […]

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