30 Nov 2021

What does the E in ESG stand for?

“The Earth is what we all have in common.” —Wendell Berry   Environmental Social and Governance (“ESG”) are the three main elements that companies increasingly consider when deciding whether to cooperate with or invest in a company.  It is also a term used in capital markets when assessing corporate behavior and a method of linking the performance in these three areas with the – future financial performance of corporations.  The term is sometimes referred to as sustainable investing, responsible investing, impact investing, or socially responsible investing. Nevertheless, once enough data has been obtained, they are integrated into the investment process […]

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26 Nov 2021

EU slaps Poland with biggest supremacy fine

The battle for supremacy i.e. primacy between Member State and European Union (“EU”) law is in full swing, with the prospect of even more trouble.  In late October, the EU’s highest court (“CJEU”) issued a landmark daily fine to Poland in the amount of EUR 1 million for failing to comply with CJEU’s order.  This tremendous fine is the biggest to date and may very well be a warning to any other Member State that might try to question the primacy of EU law. Getting to the Biggest Supremacy Fine Polish judicial system reforms are what triggered the dispute between […]

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25 Nov 2021

Ivana Stojanović Raišić lectures at top Italian university

Our own Ivana Stojanović Raišić, Counsel, shared her tremendous knowledge and experience with the students of the esteemed University of Florence (ita. Università degli Studi di Firenze) in a unique experience, as a guest lecturer in the International Business Law Course, led by Prof. Ettore M. Lombardi. Students had the opportunity to listen in and take an active part in an online two-part mini-course titled Elements of Competition Law: An International Perspective, where Ivana provided practical insights into the most interesting aspects of competition law and how they relate to business activity. Students engaged in a number of hands-on exercises […]

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22 Nov 2021

Gecić Law experts discuss sustainability at CSR Forum 2021

Gecić Law’s sustainability experts took part in two sessions at this fall’s CSR Forum organized by the Responsible Business Forum and Smart Kolektiv. Gecić Law and the Responsible Business Forum hosted a panel on responsible business practices on November 22.  The event was held as part of the CSR Forum and was titled “Strategies for Sustainability – from CSR to ESG policies.” Our Partner and Head of Corporate / M&A Ognjen Colić moderated the panel. Meanwhile, speakers at the event were Erste Bank Senior Expert for Corporate Social Responsibility Sonja Konakov Sirčev, Nelt Operations Manager Milenko Ribić, Lidl Serbia CSR […]

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17 Nov 2021

Gecić Law Yet Again Nominated Among Top Firms in SEE

Gecić Law is proud to announce that it remains a force to be reckoned with as it qualified yet again for the finals of the Oscars of the European legal world, the coveted The Lawyer European Awards, for the fourth consecutive year.  As last year’s Law firm of the year: Eastern Europe and the Balkans laureate, Gecić Law is now part of the playoffs for the 2021 Law firm of the year: South Eastern Europe Award, which now covers a market of more than 150 million people.  Our firm, positioned among the crème de la crème of law firms in […]

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08 Nov 2021

Gecić Recognized as Litigation Star

We are immensely pleased to announce that the prestigious global guide Benchmark Litigation ranked our Founding Partner Bogdan Gecić as a “Litigation Star” and Gecić Law as a “Recommended Firm” in Dispute Resolution in the Benchmark Litigation Europe 2022 edition.  Bogdan Gecić is one of only six practitioners in Serbia to receive the recognition and the only expert in the country to be acknowledged as a “Litigation Star” in Dispute Resolution.  The recognition also places Gecić Law among select firms in the market to be recognized by the distinguished guide. Benchmark Litigation is the definitive guide to the world’s leading litigation […]

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03 Nov 2021

Crypto and money laundering? FATF updates its rules

Does blockchain technology carry risks of money laundering and terrorist financing?  The Financial Action Task Force (“FATF”) responds affirmatively.  In October 2021, FATF published an Updated Guidance for a Risk-Based Approach (“Guidance”), as a result of crypto market monitoring.  The Guidance is based on the assessment of the risk of money laundering and terrorist financing regarding the regulation and supervision of virtual assets (“VA“) and Virtual Assets Service Providers (“VASP“). The amendments to the Guidance are the result of the FATF’s ongoing work and oversight of the VA and VASP sectors and their development, to prevent money laundering and terrorist […]

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27 Oct 2021

Taboroši Scholarship 2022 – Applications now open!

Gecić Law is pleased to announce that we have opened the application process for the Taboroši Scholarship for the fifth consecutive year. About the Scholarship The Taboroši Scholarship was established in memory of Professor Svetislav Taboroši, by family members and former students who have been inspired by the professor’s work and dedication to academic research and innovative problem-solving in the practice of business law.  A brilliant teacher and scholar, Professor Taboroši strived to educate his students on the most recent trends in legal academic thinking and the importance of critical thinking in academic and professional analysis of international law & […]

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23 Oct 2021

Bogdan Gecić Discusses Client Communication in Forbes

Bogdan Gecić, Founding Partner at Gecić Law, was quoted in Forbes, the leading global business publication, in an article titled “Nine Important Lessons Leaders Have Learned About Customer Communication”. Bogdan was asked to join a panel of experts and share his perspective on the best approach to client communication from the point of view of an eminent entrepreneur in the legal and professional services industry. “In services, the client relationship itself seems to be the biggest part of what is being bought and sold. Like any other relationship between people, it is intangible and based mainly on subjective perceptions, not […]

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22 Oct 2021

Does the New Act Provide Greater Consumer Protection Opportunities?

On September 9, 2021, the National Assembly of the Republic of Serbia adopted a new Consumer Protection Act (“Act”), which entered into force on September 19, 2021.  The Act shall become applicable three months following its entry into force i.e. on December 20, 2021 (save for the articles regulating out-of-court settlements of consumer disputes, which shall become applicable six months following the entry into force i.e. on March 20, 2022). The Act’s main objectives are the improvement of consumer protection, more efficient implementation of statutory solutions and the comprehensive harmonization of consumer rights in Serbia with EU consumer protection law, […]

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