On 1 January 2020, Serbia rolled out its first court electronic bulletin board service, giving enforcement creditors and enforcement debtors online access to orders and other procedural documentation, which the court or public bailiff failed to serve on them personally. The Ministry of Justice of the Republic of Serbia in cooperation with USAID Rule of Law Project has made it possible to post enforcement orders and other procedural documentation online, while also giving parties to enforcement proceedings access to information about their enforcement proceedings. The service of written documents and decisions is a key element of civil court proceedings. Consequently, […]
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It is our great pleasure to announce that our Senior Counsel Ognjen Colić participated in the World Bank’s “Enabling the Business of Agriculture in Serbia 2019” by providing the World Bank’s Agriculture team with responses to an exhaustive legal questionnaire addressing key legal matters for businesses and individuals intending to invest in or expand their investments in agriculture in Serbia. As a token of appreciation of Ognjen’s contribution to the project and the Serbian agriculture law expertise he and his team provided, he has been enlisted by the World Bank as one of a select few local agricultural law experts. […]
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The Endowment of the great Serbian national benefactor, Nikola Spasić, maintains a long-standing tradition of financially rewarding the best students from the Faculty of Medicine and Faculty of Agriculture in Belgrade. In 2019, the Endowment donated approximately €300,000 to charity. A total of 13 students with outstanding grade averages from the Faculty of Medicine and Faculty of Agriculture were awarded. Congratulations to all the award winners, and kudos to the Nikola Spasić Foundation Board for this exceptional charitable gesture. About the Nikola Spasić Endowment Nikola Spasić was a prominent Serbian businessman of the 19th century, President of the Belgrade Stock […]
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Defining arbitration There is no universally accepted definition of arbitration as a way of resolving disputes. Attempts have been made to define it, albeit unsuccessfully. Defining it is mission impossible owing to its multifaceted characteristics, and is only exacerbated by the existence of domestic, and international arbitration. Primarily, to grasp the essence of arbitration, it should be noted that this is an alternative mechanism of resolving disputes, therefore, without recourse to courts of law. The parties at odds can go to court and initiate litigation. Alternatively, arbitration is another avenue for settling the dispute. Arbitration is not only reserved for […]
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The National Bank of Serbia is making inroads into harmonizing local legislation with European Union (“EU”) legislation, especially into amending regulations governing the operation of banks and other financial institutions. The European Commission (“EC”) adopted a decision of importance for the Republic of Serbia, which was published on 18 December 2019 in the Official Journal of the EU. Serbia’s push to amend the regulatory and supervisory framework concerning banks’ operations and in particular to amend anti-money laundering and terrorist financing regulation has borne fruit and is a step in the right direction for building a stable financial system. This decision […]
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Serbia’s Parliamentary Committee on Finance, State Budget and Control of Public Spending held a public hearing yesterday, December 3, 2019. Among the items on the agenda was the shortlisting of candidates for election to the State Aid Commission’s new Council and election of the Commission’s chairperson. Incumbent chairperson of the Commission, Vladimir Antonijević, was nominated for reelection to another five years in office, whereas other nominees for Council membership include Marko Vidaković, Ljiljana Blagojević, Dragan Đurđević, and Dušica Đorđević. In the light of the recently enacted new State Aid Act, on which draft we provided proposals in the course of […]
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Gecić Law assisted GORENJE doo gospodinjski aparati, Slovenia, as local legal counsel, in the acquisition of GORENJE TIKI doo Stara Pazova, Serbia by Swedish NIBE Industrier AB. Katja Zdolšek of Zdolšek Attorneys, Slovenia, led the advice. Gorenje Tiki is Gorenje’s Serbian affiliate and is proud to be one of Europe’s main water heater producers. Author: Ognjen Colić
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We all love to see the famous musketeer whoop, as a true stalwart of modern society. Notwithstanding a reality check which may be otherwise, it does not necessarily mean that society is not continually aiming to reverse such “otherwise” state of affairs. Is it really: every man for himself and the Devil take the hindmost? … even before the eerie courts? Well, fortunately not always. Casting an eye over justice systems around the world, one bumps into something called class action, or collective redress. In common law systems, with the United States as their standard-bearer, class action is currently in […]
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It is our great pleasure to announce that our Senior Counsel Ognjen Colić will be a panelist at the Winter Vivaldi CFO & LEGAL Forum, which will take place from 27th to 29th November 2019 in Mokra Gora. This year’s Forum will focus on Financial and Legal Security topics. Speakers and panelists of various profiles and industry sectors will present some of the major challenges and risks faced by companies. Ognjen Colić will participate in the closing panel discussion named “How to Avoid the Balkan Spy Scenario”*, where alongside other colleagues from the legal sector he will take an in-depth […]
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The International Labor Organization Convention No. 181 on Private Employment Agencies, dating back to 1997, as one of the main reasons for passing the Convention cites recognition of the role of private employment agencies in the functioning of the labor market, as well as the need to provide employees with protection from abuse and guarantee freedom of association and enhancing social dialogue. On 20 February 2013, the National Assembly of the Republic of Serbia adopted legislation ratifying the Convention, bearing in mind that strengthening social dialogue at all levels is, inter alia, one of the requirements of Chapter 19 (Social […]
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