A lot has been said about artificial intelligence (AI). It is reshaping global business and everyday life worldwide and by no means, it is a new industrial revolution. Mankind’s striving for an easier life has led to the creation of a fast-learning, self-aware creature. It shall irreversibly become an unexpected (or perhaps unwanted) member of society. We have witnessed the universality of AI’s application. Here, we are focusing on the use of AI in news media and its potential to shape public opinion. How do Media Use AI? Media widely employ AI to gather news information. It may also filter […]
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In June 2023, the Serbian bid to organize EXPO 2027 prevailed over the United States, Thailand, Spain and Argentina. Belgrade has embraced the concept of “Play for Humanity – Sport and Music for All” for its international exhibition. To realize this vision, Belgrade is committed to constructing a state-of-the-art exhibition center, necessitating substantial investment. What is the EXPO and Why Does it Matter? The Universal Exhibition, commonly known as “EXPO,” is a prestigious global event enabling participating nations to showcase themselves to the world. It also serves as a platform to exhibit cutting-edge technological and scientific advancements, cultural milestones, and […]
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JFE Shoji’s Investment in Serbia Gecić Law is delighted to announce its successful role as the legal counsel supporting JFE Shoji Corporation and its Serbian affiliate (“JFE Shoji”) in a significant greenfield investment in Serbia. This involved the acquisition of a 10-hectare land plot in the prime industrial zone of Indjija. The investor will construct a cutting-edge production plant in this location to produce motor cores. The location will also serve as the headquarters for JFE Shoji’s European operations. The foundation stone laying ceremony for this ambitious Japanese investment took place on March 18, 2024. With an investment of 50 […]
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Gecić Law proudly announces its pivotal role in supporting a significant financial transaction between the European Bank for Reconstruction and Development (EBRD), Enterprise Expansion Fund II (ENEF II) as lenders, and Vega IT. The EBRD and ENEF II have committed to a senior secured loan to support the expansion of Vega IT. Vega IT is a premier Serbian software development company. As the local counsel for the EBRD and ENEF II in this transaction, Gecić Law provided comprehensive legal advice. The team’s involvement spanned the due diligence preparation and negotiation. We also secured the completion of critical finance and security […]
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Instead of Introduction The Court of Justice of the European Union (“CJEU“) opened proceedings on Case C-619/23, Ronos, according to a request for a preliminary ruling by the Administrative Court of Sofia District – Bulgaria (“Court”). The Court requested an interpretation of the scope of powers of the Bulgarian antitrust authority (“CPC”) action in seizing conversations from a private mobile device during dawn raids carried out at premises of undertakings investigated for alleged cartel infringements. This request for a preliminary ruling on how EU law interacts with guarantees of basic human rights established in the Bulgarian Constitution gives the European […]
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Gecić | Law proudly announces that Ivana Stojanović Raišić, a key member of its legal team, has been honored as a 2024 TerraLex Trailblazing Woman. The prestigious recognition is awarded by TerraLex, an elite global network of independent law firms, as part of the celebrations of Women’s History Month and International Women’s Day. The honor celebrates remarkable individuals who have impacted their firms profoundly both professionally and personally and paved the way for future generations of women in the legal profession. Gecić Law is a proud exclusive member of TerraLex for the jurisdictuions of Serbia and Montenegro. Ivana’s selection as […]
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Introduction In the contemporary legal landscape, data privacy stands as a paramount concern, with the General Data Protection Regulation (GDPR) serving as the cornerstone legislation governing the processing of personal data within the European Union (EU) and beyond. Article 30 of the GDPR imposes a pivotal obligation on data controllers and processors to maintain a meticulous Record of Processing Activities (ROPA). This article endeavors to elucidate the intricacies surrounding Article 30, offering practical insights and dissecting the evolving practices of Data Privacy Authorities concerning ROPA compliance. Understanding Article 30 of GDPR GDPR Recital 82 states: “In order to demonstrate compliance […]
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Starting today, a significant development in regional cooperation has come to fruition. The unified labor market of the Open Balkan initiative officially commences. Citizens of Serbia, Albania, and North Macedonia can now benefit from greater labor mobility across these three nations. The move is part of the effort to herald a new era of economic opportunity and growth in the region. How Will the Unified Labor Market Work? This initiative, spearheaded by the three countries’ leaders, aims to simplify the employment process across borders. Starting today, if a citizen of Serbia wishes to work in Albania or North Macedonia, they […]
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The European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) has faced escalating challenges since its final draft release on January 20. Despite weeks of uncertainty and concerns over the proposal’s fate, supporters were buoyed by the European Council’s unexpected decision to schedule a vote for February 28. However, optimism quickly waned as the vote failed to garner sufficient support. This cast doubt on the CSDDD’s revival before the March 15 deadline for approval by the European Parliament. The Directive The CSDDD, also called the CS3D, aims to establish a corporate due diligence standard on sustainability issues within the EU. The […]
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Montenegro’s Renewable Energy Leap Montenegro has unveiled the Draft Renewable Energy Act as a significant step towards rapid renewable energy development. The legislation introduces several innovations, including auctions for premiums and feed-in tariffs, to boost the country’s green energy sector. The Ministry of Mining and Energy has organized a trio of round-table discussions in Podgorica, focusing on the Draft. This reflects Montenegro’s efforts to meet the requirements of the Energy Community, particularly in implementing the EU’s Renewable Energy Directive. Indeed, the Draft Renewable Energy Act sets an ambitious target of achieving a 50% share of renewable energy by 2030. This […]
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