We bring you below in its entirety the op-ed authored by Elizabeth Chung, Executive Director at the International Academic Center EducationUSA Serbia, published in the weekly Vreme of September 29, 2022. The World at the Crossroads and Us Many will be amazed when they learn that Serbia is a leader in participating in the great intellectual exchange of youth within the framework of higher education. Today’s potential international student has much easier access to a global educational experience. From September 18th until September 21st the EducationUSA Europe and Eurasian Triennial Conference was held here in Belgrade attracting more than 50 […]
Details
In August, the Spanish Data Protection Agency (Agencia Española de Protección de Datos, hereinafter: “Agency“) fined an NN person the sum of EUR 1,500 for violating the norms stipulated by the GDPR (General Data Protection Regulation), through the illegal collection and processing of personal data using a video surveillance system. (In the Decision issued by the Agency, the names of the parties involved were not disclosed, so the following terms will be used in the rest of this text: Injured party – person 1, Tortfeasor- person 2) What happened? The proceedings in front of the Agency were initiated by Person […]
Details
In August, the Spanish Data Protection Agency (Agencia Española de Protección de Datos, hereinafter: “Agency“) fined an NN person the sum of EUR 1,500 for violating the norms stipulated by the GDPR (General Data Protection Regulation), through the illegal collection and processing of personal data using a video surveillance system. (In the Decision issued by the Agency, the names of the parties involved were not disclosed, so the following terms will be used in the rest of this text: Injured party – person 1, Tortfeasor- person 2) What happened? The proceedings in front of the Agency were initiated by Person […]
Details
Our Partner and Head of Corporate M&A practice Ognjen Colić delivered an inspiring lecture about the latest in sustainable development and ESG, focusing on the EU’s Carbon Border Adjustment Mechanism (CBAM) and the practice of greenwashing in corporate non-financial reporting. Ognjen gave the attendants a comprehensive overview of these hot topics using examples and anecdotes from his rich experience in the field. The lecture was followed by a Q&A session and lively discussion on the topics. Ognjen explained the genesis of CBAM, its planned roll-out and its potential ramifications for businesses in Serbia. He also spoke about the consequences of […]
Details
Our Founding Partner Bogdan Gecić was honored to deliver the keynote address at the Opening Plenary Session of the EducationUSA Europe and Eurasia Forum, which was held in Belgrade from September 19-21. The opening session of the forum was attended by numerous dignitaries, high-ranking officials, members of the diplomatic community and representatives of US institutions of higher education and EducationUSA from across the two continents. Bogdan was joined by H.E. Christopher R. Hill, U.S. Ambassador to Serbia, and Branko Ružić, First Deputy Prime Minister and Minister of Education, Science and Technological Development, who also delivered their opening remarks at the event. […]
Details
Gecić Law is proud to have contributed to the fifth CEE Legal Matters Guide in their Comparative Guides series, with a focus on Restructuring in Central and Eastern Europe. Our team members Danica Misojčić, Senior Associate, Miloš Petaković, Senior Associate, and Žarko Popović, Associate supported CEELM with a focus on Serbia by providing critical information on the legal framework for insolvency and restructuring. The guide provides intel on legislation, international instruments, and proposed or upcoming changes in restructuring insolvency. This includes which steps restructuring proceedings normally include and the roles of the courts and other key stakeholders. The guide also […]
Details
Our Founder & Managing Partner Bogdan Gecić recently held a key discussion at Bloomberg Adria Serbia on the ramifications of the expected introduction of EU’s CBAM for the Adria & Balkans region. Bogdan discussed what this revolutionary new trade instrument, which will take effect in 2023, means for all companies from the Western Balkans and beyond that export to the EU. If adopted by the EU Council, every importer in the EU will have to pay tax on the goods they import into the EU if the goods are produced in countries that do not have an Emissions Trading System […]
Details
At today’s session, the Executive Board of the NBS decided to again raise key interest rates by 50 basis points, to 3.5% ,, the deposit facility rate – to 2.5% and the credit facility rate – to 4.5%. The NBS had previously increased the key interest rate as per the decision of the Executive Board on August 11, this year. The NBS’s Executive Board continued to tighten the monetary policy.,attributing this trend to increasingly rising inflationary pressure. According to the NBS, the Executive Board assessed that, in the conditions of continued price pressures, as well as the growth of imported […]
Details
ESG awareness is more than essential. Organizing various panel discussions on relevant topics is a must. Yet, what type of example does an event that encourages environmental sustainability set forth if they print a ton of unnecessary paper, each delegate travels to the venue with their own car or provide an all-you-can-eat buffet which leads to an embarrassing amount of food wastage. As they say, practice what you preach. Yesterday, our team Branko Gabrić, Counsel and Nikola Kovačević, Business Development Manager attended the Net 0 event in Maribor which was co-organized by the Institute of Strategic Solutions (ISR), Ministry of […]
Details
With ESG becoming such a hot topic and the global sustainable finance market reaching more than USD 35 trillion in value, there are expectations of further growth in this rapidly expanding sector. The growth is fuelled on one hand by greater standardization in the area in major economies, including the EU taxonomy, but also a rise in innovation and an ever-greater variety of financial products that fall within this category. Case in point, interesting news has just recently came from the sector. On August 29th, one of the biggest banks in Europe, Raiffeisen Bank International AG announced that it has […]
Details