We are excited to announce that Gecić Law, contributed to the first-ever Serbia chapter of the Transnational Litigation Guide, December 2017 update. Published by Thomson Reuters, the most recent guide offers comprehensive overview and detailed analysis of litigation procedure as well as insight into the tactical, substantive and procedural issues of Serbian litigation system along with more than 27 other major legal systems. Authored by Ognjen Colić and Jovan Rajković, senior counsels at Gecić Law, the Serbian chapter includes detailed information and insights into Serbian litigation rules and covers topics such as: structure of courts, obtaining jurisdiction and choice of forum, […]
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Over the past decade, Serbia witnessed an unprecedented growth of its IT/ICT market, becoming one of the most attractive outsourcing and R&D destinations in Eastern Europe (link). Key players such as Microsoft, Adobe, Oracle, Google, HP, SAP, IBM, Siemens, Intel, Cisco, NCR Corporation, Telenor, Erickson, Endava and others grabbed this opportunity, either by establishing development centers in Serbia or outsourcing services to local IT companies. This resulted in two prevailing models – providing services through employed programmers/system architects/etc. (“developer/s”), or by engaging external developers (primarily registered entrepreneurs), a rather novel development. Because software may, as an original intellectual creation, represent […]
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Following a landmark year that saw Gecić Law truly challenge the role that a law firm plays in an emerging regional market through our innovative approach and high-end service, we are honored to announce that these efforts were rewarded as the Firm was shortlisted for the Lawyer European Awards 2018 in the category Law Firm of the Year: Eastern Europe and the Balkans. Awarded by the renowned UK-based industry publisher The Lawyer, these awards recognize extraordinary representatives of the legal industry, groundbreaking deals and leading individuals through its 24 distinct categories. The decision, made by the panel of 21 distinguished […]
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At the end of last year, the Act on Ratification of the Treaty Establishing the Transport Community (“Official Gazette of the Republic of Serbia – International Agreements“, No. 011/2017) (the “Act”), concluded by and between the European Union (the “EU”) and the South East European Parties—i.e. the Republic of Serbia, Montenegro, Bosnia and Herzegovina, the Former Yugoslav Republic of Macedonia, the Republic of Albania and Kosovo [1] (the “South East European Parties”)—came into force, which effectively implies that Serbia has already joined the EU, at least with respect to rail, road, inland waterway and maritime transport sectors. The aim of […]
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On 6 October 2017, the Chamber of Commerce and Industry of Serbia ( hereinafter: the Chamber of Commerce) published a document entitled, “Comments of the Members of the Serbian Chamber of Commerce: Protection of Competition Act” (Comments) resulting from consultations with the representatives of the Serbian business sector on the implementation of the Act on Protection Competition (Competition Act). As expected, in the document, members of the Chamber of Commerce emphasized the need for normative improvements and proposed amendments to the Act, all with the aim of fostering a more competitive business environment. Members of the Chamber of Commerce specifically […]
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Following almost 12 months of meticulous research, grueling screening processes, and a series of elaborate meetings and interviews, Gecić Law is excited to announce it has become the exclusive Serbian partner of TerraLex, the world’s leading international legal network and member of The Elite (Band 1) in the Chambers & Partners leading law firm networks global-wide rankings. We are incredibly grateful that TerraLex recognized our quality, reputation, international experience, and dedication to excellence in law practice. This extensive network spans over 100 countries worldwide and provides full-service assistance to clients through its 17 practice groups. As part of the TerraLex global […]
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Photo courtesy of Poje Marlo Members of our firm had the great honor and pleasure to visit Zagreb on December 1, 2017 on the occasion of the first anniversary of one of Croatia’s most promising law firm, Marohnić, Tomek & Gjoić (MTG). Similar to Gecić Law, MTG was founded through a merger of a number of prominent law firm spin-offs, joined by other leading lawyers and professionals, all brought together by a shared vision. On behalf of everyone at Gecić Law, we extend our heartiest congratulations to MTG on their first year of success. You can be very proud of the growth […]
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Another year, another Chillin’Competition Conference Imagine for a second a conference where a bunch of “suits”, seasoned scholars and world-recognized experts & regulators spend an entire day laughing, exchanging quips & smug comments and trading Ryan Gosling and SpongeBob SquarePants inspired meme mugs. Well that’s exactly what happened when over 350 scholars and practitioners of law & economics came together on October 25, 2017 at the Area 42, the “MOST WOW!” venue in Brussels. Alfonso Lamadrid de Pablo and Pablo Ibañez Colomo, the driving force behind Chillin’Competition blog, world’s favorite source for the latest and greatest in competition law, have once again […]
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The Act on Amendments and Supplements to the Companies Act represents one of the largest, if not the largest legislative development expected in Serbian law in 2017. As the public debate on the subject changes came to a close recently, it is expected these revisions will be subject to the parliamentary procedure very soon. Among the proposed amendments and supplements—which have a two-fold aim, i.e. harmonization of domestic law with requirements from the Chapter 6 (Companies Law) for accession to the European Union and Serbia’s progress on the World Bank’s Doing Business List—are those concerning status of minority shareholders of […]
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The European Commission has recently concluded that Luxembourg has been granting an undue tax benefit to Amazon in the total amount of EUR250 million. Since Serbian tax authorities have the power to issue binding advance tax opinions—and given that multinationals commonly exploit this option without any consideration of state aid rules—the Commission’s Decision in the Amazon case should raise some eyebrows. The European Commission (Commission) continues its battle against alleged tax avoidance and has recently concluded that Luxembourg has been granting an undue tax benefit to Amazon in the total amount of EUR 250 million. This tax benefit was awarded […]
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