06 May 2022

Gecić Law Contributes to the ICLG Consumer Protection Guide 2022

We are excited to announce that Gecić Law contributed to the Serbian chapter of the International Comparative Legal Guide (ICLG) – Consumer Protection 2022 published by the renowned Global Legal Group. The most recent edition of the Guide offers a comprehensive overview and detailed analysis of consumer protection law and practice in 15 jurisdictions across the globe. Authored by Gecić Law’s Senior Associate Danica Misojčić and Associates Suzana Dončić and Teodora Ristić, the Serbian chapter includes detailed information and insights into the country’s consumer protection rules and covers several key topics, including protections, prohibitions, investigation, enforcement, appeals and current and […]

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22 Apr 2022

Earth Day Special Report: Fit for 55

Today is Earth Day, a global celebration held on April 22 every year to show support for environmental protection. It began on April 22, 1970, and has since grown to include a diverse range of events coordinated globally, involving over a billion people in over 193 nations.  On Earth Day 2016, the United States, the United Kingdom, China, and 120 other countries signed the historic Paris Agreement.  To mark this important day, Gecić Law is bringing you a special Insights Report dedicated to the European Union’s legislative journey toward a carbon-neutral continent.  In July 2021, the European Commission (“EC“) adopted […]

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12 Apr 2022

EU Directive on Shell Companies

What are shell companies? These are legitimate legal entities that do not own assets or conduct business operations.  Although they are not illegal, they may be used illicitly.  Shares of shell companies are not traded on stock exchanges.  Most exist on paper only and are little more than a mailing address. That is why the European Commission (“EC”) has issued a draft directive on shell companies. Legal vs Illegal Use of Shell Companies   Examples of the legal use of a shell corporation could be to serve as vehicles in cross-border transactions, such as mergers and acquisitions. However, shell companies are […]

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08 Apr 2022

Ognjen Colić Talks M&A at the Faculty of Law

Our Partner and Head of Corporate M&A practice Ognjen Colić captured the imaginations of the students of the Faculty of Law in Belgrade yesterday as he delivered an interactive guest lecture focusing on mergers and acquisitions.  He gave the students a comprehensive overview of this fascinating field using examples and anecdotes from his rich experience in the field. Ognjen explained the key processes and negotiations that are crucial during a merger or acquisition.  Between due diligence, drawing up contracts, and signing and closing, he explained that legal teams must be meticulous and systematic in their approach. As Ognjen said, “Lawyers […]

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05 Apr 2022

Dow Jones Launches ESG Scoring

Dow Jones, the eminent global financial news and data provider, recently launched its sustainability data set for asset managers.   The purpose of the launch is to help the financial community to understand the impact of a company’s Environmental, Social and Governance (‘’ESG’’) practices. The data set shows sustainability scores for more than 6,000 publicly traded companies and includes Industry, Category and Country Scoring. As part of its methodology, Dow Jones uses a proprietary model which captures a large amount of information about environmental, social and governance elements of the ESG concept.  The information is intended to help investors build their […]

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30 Mar 2022

US defines its digital asset priorities

In times of crisis, cryptocurrencies found new roles in financial markets. We witness different forms in which cryptocurrencies are used to transfer value when the regular financial flows fail (or are just too laggy).  It seems crypto is here to stay and governments are taking stock and developing plans. This March, US President Joe Biden was determined to find a regulatory solution for crypto by kickstarting the legislative machine of the US with the Executive Order on Ensuring Responsible Development of Digital Assets (“EO”). The EO recognizes the explosive growth of digital assets as an opportunity to reinforce American leadership […]

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25 Mar 2022

Bogdan Gecić Discusses the Importance of Values in Forbes

Bogdan Gecić, Founding Partner at Gecić Law, was quoted in Forbes, the leading global business publication, in an article titled “10 Entrepreneurs Share The Most Important Early Business Decisions They Made”. Bogdan was asked to join a panel of experts and share his perspective on some of his most important early decisions as an eminent entrepreneur in the legal and professional services industry. “It was essential to select and start delivering on a set of core values in the very early stages of the development of the firm. Values are an authentic expression of what your firm is all about […]

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25 Mar 2022

Court of Justice of EU Specifies Protection Against Double Jeopardy

The Court of Justice of the European Union (“CJEU“) delivered two judgments on 22 March 2022.  By those judgments, the CJEU ruled on the scope of the protection afforded by the prohibition of ne bis in idem principle in competition law.  The CJEU recalled in both cases that the application of the ne bis in idem principle is subject to a twofold condition.  First, there must be a prior final decision and secondly, the prior decision and the subsequent proceedings must concern the same facts.  The CJEU clarified that the limitations may be imposed on the exercise of a fundamental right, such as the prohibition against double […]

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24 Mar 2022

Moody’s Expands ESG Scoring

As the focus on environmental, social, and governance considerations is becoming increasingly essential, and billions of dollars are invested in sustainable projects, the leading global rating agencies have incorporated these factors into their methodologies. Due to greater sensitivity to these topics and increasing client demand, as investors now must have a clear view of ESG aspects of potential investments, credit rating agencies have found distinct methods of assessing the impact in the past several years. They have since gradually expanded the scope and scale of their analysis in this area to include a broader array of sectors and entities. To […]

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21 Mar 2022

ESG and Football

Football fans around the world know which football clubs are in the top divisions in their respective leagues but do they know which football clubs are in the Environment, Social, Governance (‘’ESG’’) top division? ESG has become increasingly important for every industry in the world, so it comes as no surprise that ‘’the most important secondary thing in the world’’ is also largely influenced by ESG.  Clubs have adopted ESG strategies in their businesses to show their commitment to sustainability within their communities. Football clubs have large profits. Meanwhile, ESG is financial in its essence. The concept underlines that responsible […]

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