The Government of the Republic of Serbia adopted the new Electronic Communications Development Strategy until 2027. This document, developed by the Ministry of Information and Telecommunications in collaboration with numerous partners, establishes a new strategic framework aimed at building a secure, reliable, and accessible electronic communications infrastructure. The Strategy aims to fully align the field of electronic communications with the growing needs for services in this area. Integral to this document is an Action Plan outlining measures and activities essential for the successful achievement of its objectives. A primary focus of the Strategy is to bridge the digital divide between […]
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In a landmark decision, a U.S. judge recently ruled that Google violated antitrust law by spending billions of dollars to create an illegal monopoly as the world’s default search engine. The ruling, certainly the first major win for federal authorities against Big Tech’s market dominance in over two decades. This could therefore lead to significant changes in how Google operates. The Ruling U.S. District Judge Amit P. Mehta, in his 277-page decision, found that Google abused its dominance in the search market by monopolizing search queries on smartphones and browsers, thereby throttling competition and harming consumers. This violation of Section 2 […]
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Gecić Law is proud to announce its participation in the latest edition of the Chambers Global Practice Guides: Doing Business In… Our team contributed to the “Trends and Developments” sections for Serbia. Our esteemed partners Bogdan Gecić and Hristina Kosec offered their insights into the jurisdictions dynamic business and regulatory environment. They highlighted key trends, challenges, and opportunities shaping the country’s economic and legal landscapes. The authors highlight Serbia’s rapid growth, driven by information technology, agriculture, and manufacturing. This undoubtedly contributes to its status as one of the most attractive investment destinations globally. In addition, Serbia’s favorable business environment, strategic […]
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Gecić|Law proudly presents the latest edition of our ESG Chat @ Gecić Law series, we are focusing on the intersection of Environmental, Social, and Governance (ESG) issues in big corporations. In this interview with Tijana Koprivica, Director of Sustainable Business at Delta Holding, and Manager of the Delta Foundation we learned about the ways of introducing innovations in business that directly or indirectly impact the environment and sustainability, as well as the company’s own sustainable operations and future strategies that benefit the community. Delta Holding prioritizes ESG principles, integrating them into its business strategy for sustainable development. The company is […]
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The Free Trade Agreement (FTA) between Serbia and China, signed in October 2023, came into effect on July 1. Covering over 20,000 products, the agreement grants Serbian firms preferential access to the expansive Chinese market. The deal will boost exports, stimulate investment and production capacities, and enhance overall economic activity and competitiveness in Serbia. The FTA involves reciprocal elimination of tariffs on 90% of tariff lines, with more than 60% taking immediate effect. Starting this month, exports of products such as fresh apples, blueberries, dried plums, jams, seeds, and beef from Serbia to the Chinese market can proceed without tariffs. […]
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Gecić Law is pleased to announce its role as a legal advisor to Remus Holding in the recent acquisition of a controlling stake in GLM, an esteemed Italian manufacturer of automotive components. The acquisition includes an indirect takeover of GLM RS Zrenjanin, a crucial part of GLM’s global manufacturing capacities. The transaction marks a significant expansion for Remus, a prominent supplier of exhaust systems for the automotive and motorcycle industries. The Transaction Star Capital Sgr, an Italian asset management company, agreed to sell its majority shares in GLM to Remus. Concurrently, Peppino Barlafante, a founding partner of GLM, sold part […]
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The recent case before the Court of Justice of the European Union (“CJEU”) could shake the world of football governance, urging FIFA to change its regulations. Defining the player-clubs’ relations was never an easy task. However, the football industry is continuously growing. FIFA, the sport’s governing body, implemented multiple rules to regulate the status and transfers of professional football players. However, specific articles of those regulations could contradict the EU principles of Competition Law and Freedom of Movement. Advocate General Maciej Szpunar published his opinion on this case, suggesting that specific articles potentially contradict the EU law. The case revolves […]
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In recent years, growing energy demands and environmental concerns have brought nuclear energy back into focus. Its importance lies in producing large amounts of energy while emitting fewer greenhouse gases than fossil fuels. As countries seek sustainable energy solutions, many are turning to nuclear power. However, despite its benefits, nuclear energy faces legal barriers in several countries, including Australia, Austria, Denmark, and Serbia. Why is nuclear energy banned in Serbia? In 1989, SFR Yugoslavia passed the Nuclear Power Plants Construction Ban Act, which Serbia later inherited. This act was a response to the Chernobyl disaster in Ukraine, then part of […]
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The Council of Europe has adopted the world’s first international convention on artificial intelligence (“AI”) titled “Council of Europe Framework Convention on Artificial Intelligence and Human Rights, Democracy and the Rule of Law” (“Convention”), marking a significant step towards regulating AI technologies. The Convention is legally binding. Consequently, it ensures AI systems respect human rights, democracy, and the rule of law throughout their lifecycle. It includes provisions for transparency, accountability, and independent oversight, addressing potential risks and promoting responsible AI innovation. The Convention aims to create a balanced framework that encourages technological advancement while safeguarding fundamental freedoms and democratic values. […]
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A recent initiative has emerged in Serbia, proposing amendments to the Value Added Tax Act with a dual purpose: encouraging food donations and combating food waste. These proposed changes carry significant implications, not only for the economy but also for environmental, social, and governance (ESG) considerations. The Proposal The proposed amendments present a strong possibility to tackle food waste by incentivizing surplus food donations from legal entities involved in food production or sales. By exempting such donations from Value Added Tax (VAT), the initiative aims to eliminate financial barriers that often deter businesses from contributing excess food to social and […]
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