Cryptocurrencies, digital currencies, electronic money… are the talk of the world. A common question these days is what cryptocurrencies are and how they work. This question now has a more recent addition – what are digital currencies? Is digital currency a synonym for cryptocurrency? If not, what is the difference? If you are a fintech enthusiast, you may think that this is a great time to be alive. But if you are not, it is perfectly ok to be confused, even a bit scared by the changes happening this fast. The only thing we can do is to keep up […]
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Here we go again, fighting climate change. This time, we are focusing on State aid and climate change, and discussing an important question – how green is State aid? Back in 2019, Europe ushered the European Green Deal. The European Commission published a Communication on the European Green Deal in its tenacious efforts to tackle climate change and other environmental challenges. This Communication is the EU’s attempt to work on the transition to a future where there will be no “bad emissions”, to put it plainly. If we were to get more technical, to create a Europe with net-zero emissions […]
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A phenomenon known as the Internet of Things (“IoT”), which has been at the forefront of the global tech changes, recently caught the European Commission’s (“Commission”) attention. The Commission’s Preliminary Report and Q&A on this tech & business sector is a big step towards acknowledging IoT as a market of the future, while simultaneously pointing out some potential dangers of this groundbreaking technology. Internet of Things – a Brief Explanation Let’s imagine this situation: you are not only an ardent coffee drinker but also a sleepyhead. Your alarm wakes you up at 7.00 am. You have little precious time to […]
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As the exclusive member of TerraLex for Montenegro and Serbia, Gecić Law is proud to have contributed to the latest edition of the TerraLex Cross-Border Guides. The guides offer a unique perspective on legislation across practice areas and jurisdictions throughout the world, offered by world-class law firms and distinguished TerraLex members. Our team, led by Senior Associate Danica Misojčić, contributed to the latest TerraLex Cross-Border Trademark Guide for the jurisdictions of Serbia and Montenegro, which is now live on the Terralex website. Earlier this year, our Competition team contributed to the Anticorruption Legislation and Data Protection guides. Gecić Law has supported the […]
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Bogdan Gecić, Managing Partner at Gecić Law, was quoted once again in Forbes, the leading global business publication, in an article titled “Are These Nine Cash Flow Mistakes Jeopardizing Your Company’s Future?”. Bogdan was asked to join a panel of experts and share his perspective on the way new businesses need to look at their finances from the point of view of an eminent entrepreneur in the legal and professional services industry. “Entrepreneurs do not take into account the stage in the life cycle of their product or service and then confuse profitability with cash flow. For instance, in the […]
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In the past few years, virtual currencies have become very attractive to investors across the globe. Their importance for world capital and money flows is constantly growing, which resulted in the need for them to be regulated. That was the precise reason for the Republic of Serbia to adopt the Digital Property Act at the end of last year. Its significance is recognized in defining digital assets for the very first time, thus introducing them into regulated economic flows. However, this Act alone could not resolve all issues and questions related to digital property. For example, the Digital Property Act […]
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The European Commission (“EC”) adopted the Fit for 55 climate action plan on Wednesday, announcing a legislative package that aims to cut carbon emissions in the European Union (“EU”) by 55% by 2030, compared to levels measured in 1990. It also calls for action to make the continent carbon neutral by 2050. The Fit for 55 package includes provisions on expanding the EU Emissions Trading System to charge for carbon emissions in more sectors. Additionally, it proposes Effort Sharing Regulation and prescribes new emissions-cutting targets per Member State. It also calls for an increase in renewable energy sources use, creates […]
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Bogdan Gecić, Managing Partner at Gecić Law, was quoted in Forbes, the leading global business publication, in an article titled “10 Myths About Selling To Customers (And The Real Truth)”. Bogdan was asked to join a panel of experts and share his perspective on sales myths from the point of view of an eminent entrepreneur in the legal and professional services industry. “A big myth is that if you have a great product or service, customers are going to get this and continue buying it. Although such revolutionary ideas do come about, they are rare and businesses still need to […]
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The last decade has completely changed the way we do business. Developments in technology have led to tremendous progress in nearly all sectors, leading to previously unknown issues in the process. One of the questions raised is how to protect business secrets in the knowledge economy. Recognizing the problem, the National Assembly of the Republic of Serbia, after nearly a decade, passed a new Protection of Business Secrets Act (“the Act“). The Act was passed on May 27, 2021 and entered into force on June 5th this year. The Act harmonizes Serbian regulations with the regulations of the European Union. […]
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In the Republic of Serbia, agricultural policy is based on the Act on Agriculture and Rural Development and the Act on Incentives in Agriculture and Rural Development. However, none of these two acts enable the regulation of the agricultural products market and the introduction of new market regulation mechanisms, which are necessary to help Serbian agriculture maintain steady development. Market mechanisms in the Republic of Serbia are not in accordance with the common EU market organization. Serbia lacks a similar unique legal framework to implement most measures of market regulation. In order to harmonize further with mechanisms in the EU, […]
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