The EU Digital Markets Act (DMA) entered into force on November 1, 2022, and it will start to apply in early 2023, while its “partner in crime,” the Digital Services Act, still awaits its moment in the limelight, announced to ensue in a year. Together they form a single set of new rules which aim to apply across the whole of the EU to create a safer and more open digital space. One may say it’s all about digital, but essentially, it’s all about undistorted competition in digital! A New Digital Era Begins with the DMA! The DMA rocked the tech […]
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We recently entered the finals in four categories for The Lawyer European Awards 2022 and became one of the most nominated law firms in the whole of Europe! As last year’s winner, Gecić Law was nominated for Law firm of the Year: South East Europe, a 150 million strong market, and entered the finals with three of its practice area teams for impressive achievements in competition, corporate and litigation, standing shoulder to shoulder with the crème de la crème of the entire continent. Gecić Law received the most nominations among this year’s contenders across all of Europe – an unprecedented […]
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November 1, 2022, was a big day for the EU! And not only the EU. The EU Digital Markets Act (DMA) finally saw the light of day. As its implementation will start in six months, we need to be ready for all the changes it will introduce in the tech world. Incited by the good old competition case law, the DMA will tackle the concerns that the European Commission (Commission) had in its previous practice. So, on the one hand, there will be loads of new obligations to the tech companies meeting the criteria of being designated as gatekeepers, and on the […]
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Intralinks recently published a report on Environmental, Social and Governance (“ESG “), which looks at ESG and how it gained prominence in European M&A. The main idea of the report is to demonstrate ESG’s impact on the M&A decision-making processes, supported with statistics to depict the impact intensity. The Intralinks survey shows that only 3% of the survey respondents were not concerned about ESG issues during their latest M&A transaction. In comparison, 41% of respondents said that the ESG drove their last transaction, and the remaining 56% stated that the ESG was not the primary motivator for their latest deal, but they considered […]
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Continuing our series on opportunities for investment in Serbia, we discuss the real estate sector. Historically, countries have been reluctant to allow foreigners to acquire real estate. In the past, real estate (primarily lands) symbolized its owners’ power, and today apartments, buildings, houses, properties, mines, and fields have significant worth. Nevertheless, globalization has increased the dynamics of “international” real estate trade. Real estate has thus become an important segment in international investment, both as a secondary part of the project (leasing or even buying space for the investors’ regular business operations) and as the very purpose of the investment (real […]
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The European Union (EU) and the Association of Southeast Asian Nations (ASEAN) signed yesterday in Bali the world’s first bloc-to-bloc Comprehensive Air Transport Agreement (CATA). Most EU member states so far have had bilateral agreements with some of the ASEAN countries, with different scopes and rules. However, very few had such arrangements with all the countries of ASEAN. The new agreement now includes all member states of each region and replaces all existing contracts with a unified framework, connecting more than one billion people. The agreement aims to revitalize air travel and transport between Southeast Asia and Europe, which has […]
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Gecić Law continues to reach new heights year after year, receiving even greater recognition for its passion for innovation, consistent growth, and excellence in the legal profession at the highest level. The coveted The Lawyer European Awards have nominated us for the fifth year in a row including us among Europe’s finest law firms. Only, this year, the firm stands neck-to-neck with global powerhouses the likes of Latham & Watkins, with the most nominations among this year’s contenders across all of Europe – an unprecedented feat any law firm in the region has ever achieved. As last year’s first-ever Law firm of the […]
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Europe is now fit for the digital age as the long-awaited Digital Markets Act (DMA) was published in the Official Journal on October 12. Adopted by the European Parliament in September, the DMA will enter into force on November 1 and start to apply in May next year. The act provides a framework to prevent the most prominent digital companies, the so-called “gatekeepers,” from abusing their market power, ensuring greater competition in digital markets, and sparking more innovation in the industry. The DMA will primarily target the world’s most powerful corporations in the IT industry, commonly referred to as the “Big Five” […]
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We come across platform work daily, but do we know how it works? Platform work is a new way to hire paid work on online platforms. Online users can access platform workers who offer a wide range of paid services. These platforms include Uber, Wolt, Deliveroo, Glovo, to name a few. Both consumers and labor can gain significantly from the platform economy, part of the broader phenomenon known as the gig economy. Digital platforms make it simpler for anyone to become self-employed and earn regardless of socioeconomic standing by having low entry requirements and flexible working hours. In the same way, […]
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On Sunday, our representatives, led by senior associate Danica Misojčić attended the National Day of Giving ceremony. Gecić Law received a certificate of appreciation for participating in this year’s “Save Food, Save Humanity” campaign. We once again felt the pride and immense pleasure of helping those in need, expressing our commitment to our core philanthropic values, which are growing daily. We hope to encourage others to share these values with us. How did we contribute? First, individual food donations from our team members to the Center for Social Integration of Children and Youth “Zvezda.” In addition, we bought (and are […]
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