04 Aug 2022

Investing in the pharmaceutical sector – Serbia

As part of our series on investment opportunities in Serbia, this time we delve into the pharmaceutical industry.  The coronavirus pandemic demonstrated that Serbia has significant potential in the sector that is still running strong.  Unlike other industries, the pharmaceutical industry has been showing unprecedented growth. The high demand for medicines, supplements, basic hygiene products and disinfectants, and other medications has shown that there is a strong need for businesses and institutions that will meet this demand.  In that sense, Serbia’s pharmaceutical industry showed high efficiency and managed to establish and maintain regular supply, stable production, and unhindered imports as […]

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28 Jul 2022

The Personal Data Protection Act Revisited

Although the Personal Data Protection Act (“Act“) has been in effect for four years, it seems that its provisions have not yet been fully implemented in practice, nor have all companies in Serbia fully adapted to them. Non-compliance with the obligations prescribed by the Act especially starts hurting when inspections are carried out by the Commissioner, and a new round is being announced. So, let’s take a moment to revise what companies should pay attention to when it comes to complying with the Act. Back to basics The general obligations of companies are contained in the principles of the Act. […]

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21 Jul 2022

A Wrecking Ball in a UK Demolition Cartel’s Courtyard?

We recently wrote about bid rigging and the new guidelines issued by the Serbian NCA on detecting this illegal activity in public procurement procedures.  Here we look into an interesting case that illustrates how bid rigging occurs and is dealt with in the United Kingdom.  After it had initiated an antitrust probe in 2019, The UK’s Competition and Markets Authority (“CMA”) came across a cartel activity of 10 demolition companies that plotted to rig bids for demolition and asbestos-removal contracts worth more than £150 million.  The contracts in question were the result of tenders organized by the MET Police Training […]

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07 Jul 2022

Inflation – an (old) new phenomenon in the global economy

These days, after many years, inflation is back as a central topic of discussion for governments, businesses and individuals.  Media reports across the globe talk of central banks tightening monetary policies and hiking interest rates to protect their economies.  As inflation rises, financial and other markets face another aspect of uncertainty and the end is still not on the horizon.  What does all this mean and why is it important? Why? The issues that began with supply chain issues attributed to the Covid pandemic have now continued and taken a new form with the escalation of global tensions during this […]

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05 Jul 2022

Football on Thin Ice – The potential implications of the ISU case judgement on the ESL

Last year, the top 12 European football clubs formally agreed to organize a separate competition.  Gecić Law has already given legal insights on establishing the European Super League (“ESL”) – the football league that may never start.  The ESL aims to compete with – if not completely replace – the current UEFA Champions League, the elite European football championship organized by the UEFA.  The ESL has experienced tremendous pressure from the fans, officials, coaches, players, other stakeholders and especially UEFA, which resulted in (temporary) stopping the initiative.  Much of the opposition to the ESL stemmed from fears of elitism and […]

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30 Jun 2022

Bogdan Gecić Talks The Buzz with CEE Legal Matters

Our founding partner Bogdan Gecić was invited by the preeminent regional legal publication CEE Legal Matters to speak for The Buzz section of its July issue. Bogdan spoke about current trends in the business and legal environments in Serbia and the broader region. In the interview, he highlighted strengths in several high-growth sectors, including renewable energy, telecommunications and media, electric vehicles and components. He also discussed regional initiatives such as the Open Balkan and its ramifications when it comes to the free flow of goods, capital and labor, the latter being a key determinant of growth for the Western Balkans […]

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27 Jun 2022

Gecić Law Supports Revolutionary Business Law Book Launch

As great admirers of innovation, it always gives us pleasure to celebrate revolutionary endeavors.  This is especially when it comes to education in business and law.  Last Tuesday, our team came together in support of the launch of a new book with authors with whom the firm has close professional cooperation.  Titled “Business Law in the Digital Age” by Dr Đorđe Krivokapić and Andrea Nikolić, the unique edition will serve as a coursebook for students in Business Law at the Faculty of Organizational Sciences of Belgrade University. The Gecić Law team gathered at the launch event which brought together an […]

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24 Jun 2022

Branko Gabrić Joins the Firm

We have recently had many reasons to be proud of our team which has gone from strength to strength.  We are also pleased that the team is continuously growing as it is joined by individuals able to draw on their vast knowledge and experience to boost the firm’s further growth and development.  Gecić Law is proud to announce that Branko Gabrić has joined the firm which confirms our commitment to professional excellence and a deep understanding of the needs of our clients as the basis for achieving great results in legal services. Branko is a true veteran of the airline […]

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23 Jun 2022

CBAM Adopted by EU Parliament

Building on our CBAM series, we can now report that the CBAM was adopted by the EU Parliament (“Parliament”) on June 22, 2022.  The next step is the EU Council approval (“Council”).  Even though there are still some differences in regard to the approach between the Parliament and the Council, it is assumed that their common vision on the overall goals will be decisive in finding a compromise on regulation introducing CBAM. Back in 2005, the EU established the EU Emissions Trading System (“ETS”) which has since become a cornerstone of the EU’s climate change policy and its most important tool […]

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21 Jun 2022

Corporate Reporting – the Decision Day

Today in Brussels, the EU parliament, EU governments and the European Commission will try to agree on uniform rules for corporate reporting on environmental, governance and social standards (ESG).  This will be the last time that the lawmakers meet to confirm the new reporting rules. Pascal Durand, the lead negotiator for the European parliament, stated ahead of the meeting: “If we strike a deal tonight, the EU will set the tone of the global conversation on sustainable standards for the company of the 21st century.”  This highlights the importance of the new uniform reporting rules for the companies, and as […]

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