On May 10, 2022, the European Commission adopted a new Vertical Block Exemption Regulation (“VBER“) and related guidelines (“Vertical Guidelines“), following a detailed review of the previous Vertical Block Exemption Regulation dating to 2010 (“old VBER“). The objective of the VBER is to exempt agreements between undertakings operating at different levels of the supply chain (“vertical agreements”): if certain market share thresholds are met, and provided the agreement does not contain certain prohibited restrictions (“hardcore restrictions”). In other words, the VBER aims to recognize which types of vertical agreements are generally efficiency-enhancing and provide benefits to consumers. One of the […]
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Our colleagues Danica Misojčić, senior associate and Suzana Dončić, associate, led an interesting webinar yesterday, titled “Successful Accounts Receivable Management – Successful Business” where they gave an interactive and practical overview of this very important aspect of everyday business. The topic sparked the interest of micro, small and medium business owners and managers across the country, who were eager to learn more about an area crucial for the vitality of their businesses. The webinar was held as part of the „SDGs for All“ platform, which aims to strengthen the knowledge and capacities of micro, small and medium enterprises in the […]
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It looks like ESG is taking another interesting turn in the corporate world. Topics like ESG reporting are already standard, and governments worldwide are working hard on ESG reporting rules. Companies have recognized how important it is for their businesses to wear a shiny green badge, so international companies are competing in how to best demonstrate their green agendas. There is, however, a new initiative that gives rise to the development of “green management”. Companies are increasingly linking the compensation packages of their executives to their performance on ESG principles. In short, large multinationals are now including ESG criteria in […]
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The Committee on the Environment, Public Health, and Food Safety (“ENVI”) decided on Wednesday to accelerate the shift to electric vehicles in Europe to reach increased climate ambitions. In July 2021, as part of the ‘’Fit for 55’’ package, the European Commission (‘’Commission’’) decided to propose an amendment to the Regulation 2019/631 to strengthen the CO2 emission performance standards for new passenger cars and new light commercial vehicles in line with the Union’s increased climate ambition. Currently, carmakers need to ensure that their average fleet of new cars emits no more than 95 grams of C02 a kilometer. Lawmakers have […]
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After a successful 2021, our team continues its winning streak in 2022, so it is that wonderful time again when we proudly recognize the achievements of those that have contributed with their passion, expertise and hard work, and have consistently upheld the core values that our firm stands for – meritocracy, innovation, integrity, and philanthropy. On this occasion, Gecić Law is delighted to announce another round of promotions within its team as we congratulate three of our esteemed legal professionals who will receive recognition for their significant achievements. Our colleague Miodrag Jevtić is being promoted from Senior Associate to Counsel, […]
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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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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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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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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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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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