Businesses beware – imposing fines of up to 10% of the company’s Serbia-originated annual income in respect to enforcing Data Protection compliance will be one of the measures available to the Commissioner1 as of June 1, 2017, when the new Administrative Procedure Act is set to come into force. The changes to the Administrative Enforcement Procedure are going to allow this Data Protection Authority to enforce its decisions by fining companies in an amount considerably higher than the maximum enforcement-related fine of RSD 200,000.00 (approx. EUR 1,600.00) allowed by the current statute. This means that all companies will, if ordered […]
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MARKET DISRUPTOR – THE YOUNGEST LAW FIRM TO ACHIEVE A TIER 1 RANKING We are proud to announce The Legal 500 EMEA 2017 annual rankings of the premier law firms in Serbia are published and Gecić Law was awarded the coveted ‘Top Tier’ status, granted to firms that achieved Tier 1 ranking in a particular practice. The firm ranked Tier 1 in the field of Competition Law and the firm’s Commercial, Corporate and M&A practice was ranked Tier 2. These rankings represent an unprecedented achievement, especially given the fact that we are the youngest law firm in Serbia to receive a […]
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On March 29, 2017, the European Commission (“Commission”) officially blocked the third attempt to implement the merger between the London Stock Exchange Group (“LSE”) and Deutsche Börse AG. Said decision created an insurmountable obstacle to further cooperation of the two groups which was aimed at creating a European powerhouse able to compete with strong American and fast-emerging Asian financial markets. The long planned merger was to give rise to the world’s largest exchange by total income, the biggest for equities listings, and to an entity that would control more derivatives trades than any other entity in the world.1 It would […]
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Gecić Law is pleased to announce today that Jovan Rajković joined our Belgrade office where he will head the newly established Media & IP practice. Jovan focuses on complex intellectual property disputes, with particular expertise in media. He handled a plethora of matters arising out of client’s need for compliance with increasingly complex regulation, infringement, dispute resolution in the field of intellectual property and media law, as well as contracts in the area of intellectual property and media, both as publishing contracts, licenses and other contracts which include different issues related to intellectual property and cooperation in the field of media services. […]
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On January 30, 2017, the German competition authority (Ger. Bundeskartellamt) has decided to give final clearance to the implementation of the plan previously announced by two carriers, Lufthansa and airberlin, directed at the wet-lease of 38 aircrafts for the period of six years. Under the current state of affairs, there are no firm grounds for the subject agreement to be prohibited, since, as it was emphasized by Bundeskartellamt, it was not proven that it would in fact result in an actual distortion of competition. In this context, apart from reaffirming the need for a presumption of competition violation to be […]
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Serbian Commission for Protection of Competition (the “Commission“) has fined EPS Distribution, a sole electric power distribution system operator, for the abuse of dominant position in the amount of 330 million RSD (cca EUR 2.7 million). This is the highest antitrust fine imposed by the Serbian regulator. Having established the EPS Distribution indeed held dominant position, the Commission found several abuses of dominant position and in particular: As a result of non-transparent business policy, the company EPS Supply was placed in an advantageous position compared to competitors. Subject behavior was reflected in (i) the fact that unlike other suppliers, only EPS […]
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On November 8 2016, the French Competition Authority (Competition Authority) imposed a fine in the dizzying amount of €80 million on Altice Luxembourg, a telecom-investment company, and its French subsidiary SFR on the basis of their ‘gun-jumping’ activities during the 2014 acquisition of SFR and Virgin Mobile. After an unannounced probe, the regulator decided to institute said fine upon two companies in order to punish them for implementing their mergers prematurely, and to effectuate a deterrent for this type of antitrust activities among other companies. The unprecedented fine imposed on SFR and Altice is the first of its kind to […]
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For the second year in a row, the Chillin’Competition conference drew practitioners, scholars and regulators from across Europe with a promise of an unparalleled array of distinguished speakers focusing on the topic of the neutrality principle and its role in competition law. And it certainly delivered! Alfonso Lamadrid, one of the founders of the Chillin’Competition blog (seen giving the opening remarks above), started the conference by stressing the importance of discussing the concept of substantive neutrality, its meaning and the scope of application in different fields of competition law. Keynote Address – Margrethe Vestager Keynote speaker Margrethe Vestager, EC Commissioner […]
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Results of one of the latest surveys recently carried out by British Regus, global work-space provider, have revealed that commuting is being experienced as a time waste for nearly one third of UK professionals, given that it does not fall within their working hours. Said survey led to the actualization of a pivotal judgment rendered by the Court of Justice of the European Union (hereinafter: ECJ) in 2015, according to which such daily journeys undertaken by workers without a fixed or habitual place of work between their homes and the premises of their customers constitute working time. After processing obtained […]
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It is our great pleasure to announce that Colić Law Office, a boutique law firm focusing on corporate / M&A and litigation, has joined Gecić Law. A joining of two extraordinary teams with shared values and culture, with complimentary practice strengths will enable us to provide a new and broader set of services to our clients. Ognjen Colić, who will assume the position of the Head of Corporate practice at Gecić Law commented: „With this step, we have set out to create an empowering platform to provide even more custom-tailored and innovative solutions. This will allow us to push the […]
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