We are thrilled to announce a significant milestone for Gecić Law and our founding partner, Bogdan Gecić. Bogdan has been appointed Regional Co-Vice Chair for Europe at TerraLex, a prestigious role within this elite global legal network. This appointment positions Bogdan as a pivotal leader in advancing TerraLex’s mission across Europe. Together with his Regional Co-Vice Chair and the TerraLex team, he will enhance regional coordination among European member firms, fostering seamless cross-border collaboration and ensuring the network’s legal services are unified and responsive. His role also includes representing European legal interests within TerraLex, ensuring the network’s strategies address the […]
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Gecić Law proudly presents the latest edition of our ESG Chat @ Gecić Law series, where we spotlight innovators who are paving the way for integrating Environmental, Social, and Governance (ESG) principles across industries. In this special edition, we are thrilled to feature an insightful conversation with Milica Mišković, Co-founder and Managing Partner of the ESG Knowledge Hub. She leads projects that elevate corporate standards and strengthen the resilience of businesses in the region. She advocates for sustainability and responsible business practices at both corporate and community levels. The interview In our interview, Milica reflects on her remarkable journey. She […]
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The European Commission recently launched the consultation phase on two essential draft regulations to strengthen the EU Carbon Border Adjustment Mechanism (CBAM) regulation’s operational structure. These include the draft Implementing Regulation for Authorized Declarants and creating a comprehensive CBAM registry. Stakeholders can submit feedback until November 28, 2024. These regulations clarify key aspects of the definitive CBAM implementation, set to begin on January 1, 2026. Draft Implementing Regulation for Authorized Declarants Starting January 1, 2026, all importers of goods within the CBAM scope must qualify as Authorized CBAM Declarants. This therefore includes importers of cement, iron and steel, aluminum, fertilizers, electricity, […]
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Gecić Law, in collaboration with Clifford Chance, is honored to announce its role as local lead legal advisor to Telekom Srbija in the landmark issuance of its $900 million Eurobond. This historic transaction not only marks the Western Balkans’ first-ever corporate bond issuance in international markets but also represents one of the largest inaugural high-yield bond offerings in the TMT sector in Central and Eastern Europe, the Middle East, and Africa since 2014. Additionally, it stands out as the largest single-tranche inaugural issuance from any corporate entity in Central and Eastern Europe since 2011. Listed on the Dublin Euronext Exchange, […]
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Gecić Law proudly announces that our esteemed counsel, Nemanja Sladaković, participated as a distinguished panelist at the SBS Swiss Business School research conference. The event, “The Integration of AI and Technology in Modern Business Practices,” took place on October 25, 2024. The conference brought together thought leaders from academia, industry, and technology. Their discussions focused on the evolving role of artificial intelligence in shaping the future of business. The Conference Renowned for its forward-thinking agenda, the conference featured keynote addresses, research presentations, and interactive discussions. These sessions particularly highlighted AI’s transformative impact across a variety of sectors. Topics covered ranged […]
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In a recent The Buzz interview with CEE Legal Matters, our partner Miodrag Jevtić discussed Serbia’s growth trajectory, driven by foreign direct investment (FDI), infrastructure developments, and sectoral advancements. The conversation highlighted the key factors contributing to Serbia’s growth and opportunities that lie ahead. The full interview can be accessed here. Economic Growth Fueled by Foreign Investment “Serbia has been very busy,” Miodrag remarked. He explained that Serbia’s that growth is fueled by FDIs, which may reach EUR 5 billion this year. “Serbia attracts significant FDI, benefiting export-oriented sectors,” he said. With its strategic location and EU candidate status, Serbia’s […]
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We are delighted to announce that the application process for the Taboroši Scholarship 2024 is now open! This scholarship, awarded for the seventh time this year, was established in memory of Professor Svetislav Taboroši. The Taboroši Scholarship offers talented students a unique opportunity to enhance their knowledge and begin their professional journey in the exciting field of business and economic law. About the Scholarship The Taboroši Scholarship is the first of its kind at the Faculty of Law, University of Belgrade. It was designed to encourage scientific research among students and provide support in their professional development. The scholarship was […]
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Gecić Law is proud to announce its role as local counsel in a strategic collaboration with Akin, the renowned and highly regarded international counsel, on Serbia’s largest renewable energy project. Together, we have advised on a landmark agreement that paves the way for the construction of one of the largest solar power plants in Southeast Europe. This project is set to significantly boost Serbia’s renewable energy capacity. It is the result of a collaboration between the Government of Serbia and an international consortium led by Hyundai Engineering and UGTR. The agreement marks a major milestone in Serbia’s commitment to meeting […]
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We are pleased to announce that Gecić Law’s competition law team has contributed to the prestigious Legal 500 Merger Control Guide for 2024. The renowned annual publication offers comprehensive analyses of merger control regulations and practices in jurisdictions worldwide. This year’s edition, published in collaboration with a contributing editor from Clifford Chance, covers 25 countries. Gecić Law’s experts provided in-depth insights into four crucial regional markets. This includes Serbia, Montenegro, North Macedonia, and Bosnia and Herzegovina. Their input indeed provides detailed overviews of the merger control regimes in each country. The guides also highlight crucial procedural aspects, enforcement trends, and […]
DetailsAre you ready to lead the future of law in the region? Gecić Law, a groundbreaking full-service law firm at the cutting edge of Southeast Europe’s legal scene, is on a mission to revolutionize legal services through artificial intelligence (AI). We are not just embracing technology— we are driving it forward with bold, innovative initiatives that will shape the next era of legal practice. And you could be at the heart of this transformation. We are searching for a Chief AI Officer (CAIO), a visionary leader who will propel us into the AI-driven future. If you’re not just ahead of […]
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We are thrilled to announce that our Founding Partner, Bogdan Gecić, participated in the TerraLex European Managing Partners Program in Berlin. This prestigious event brought together some of the most influential legal minds in Europe. They discussed innovative strategies to address the opportunities and challenges in the legal profession in today’s dynamic environment. The program featured thought-provoking sessions and in-depth discussions aimed at enhancing leadership in law firms. Above all, the focus was on driving innovation, fostering client service, and driving collaboration across borders. It was also an opportunity for top law firms to exchange insights and best practices in […]
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Gecić Law is proud to announce another significant victory in competition law, in collaboration with Branko Radojčić in North Macedonia. Together, we were successful in obtaining a favorable decision for our client, Telekom Srbija. The Commission for Protection of Competition in North Macedonia (“Commission”) recently delivered a decision, concluding that Telekom Srbija did not abuse a dominant market position. The Commission’s decision confirms that there was no violation of competition laws and that no dominant position was established. This outcome effectively dismisses the allegations of Total TV, a member of United Group, which initiated the case. The legal proceedings spanned […]
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We are happy to announce that Gecić Law contributed to the International Comparative Legal Guide (ICLG) – Competition Litigation 2025. Every year, the renowned London-based Global Legal Group publishes the prestigious guides. This latest edition of the Guide offers an extensive analysis of competition litigation regulation and practices across 18 jurisdictions worldwide. It provides valuable insights into this rapidly evolving field across the globe. The authors of the Serbian chapter are Gecić Law’s Senior Associate Vuk Leković and Associates Vasilije Bošković and Bojan Tutić. Their contribution offers an in-depth examination of the Serbian legal landscape. This also includes essential aspects […]
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Gecić Law proudly presents the latest edition of our ESG Chat @ Gecić Law. In the series of interviews, we explore the integration of Environmental, Social, and Governance (ESG) principles across various areas. In this edition, we shift our focus to the remarkable work being done within the social sphere. We had the privilege of speaking, Tatjana Dražilović, Director of the Zvezda Center. In addition to this role, she leads many other social projects in Serbia. Tanja is an amazing humanitarian and a long-standing partner of our firm. She is indeed a distinguished practitioner with years of experience in supporting […]
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In the latest edition of our Who’s Who Legal series, we are proud to honor our senior associate, Vuk Leković. His acknowledgement as a Recognized Lawyer in the highly competitive field of Competition Law is a significant achievement. The recognition cements his reputation in this dynamic area of legal practice. Expertise in Competition Law Vuk’s expertise in various aspects of Competition Law has been crucial in guiding clients through complex challenges. He combines his deep knowledge of this field with a strong focus on EU Law. He has played a vital role in our team, successfully advising and representing significant […]
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In a landmark EU’s General Court’s ruling, Google successfully overturned a 1.5 billion euros fine imposed by the European Commission (EC) in 2019. The fine was tied to allegations that Google abused its dominant position in online advertising through its AdSense platform. The EC claimed that Google restricted third-party websites from displaying ads from competitors, a practice that allegedly stifled competition. The Case The case revolved around Google’s AdSense for Search, where the company had exclusive agreements with websites, preventing them from using rival ads. The EC argued this restricted competition in the online search advertising market. Google, however, maintained […]
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At Gecić Law, we take great pride in recognizing professionals who embody our core values. We’re happy to announce our latest round of promotions and congratulate three of our standout legal professionals. We are elevating our esteemed colleagues Miloš Petaković and Nemanja Sladaković from Senior Associate to Counsel. At the same time, Žarko Popović will advance to Senior Associate. “Please join me in congratulating Miloš, Nemanja, and Žarko on their well-deserved promotions. Our strategy has always focused on nurturing talent and rewarding exceptional contributions within our team. It’s truly inspiring to watch our team members grow and develop. We are […]
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Gecić Law is immensely pleased to announce that our own Miodrag Jevtić was elected partner at our firm. Over the past five years, Miodrag has played an essential role in driving success of our Banking & Finance and Dispute Resolution practices. His deep understanding of the legal landscape, coupled with client-focused approach, has earned him the trust and respect of both colleagues and clients. As Partner, Miodrag will continue to elevate our practice and contribute to our vision of excellence. A Distinguished Career Miodrag Jevtić has nearly 20 years of extensive experience in corporate law. His well-rounded expertise and strategic […]
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We are happy to continue our series on the achievements of Gecić Law’s esteemed professionals. In this edition, we celebrate the remarkable success of Ognjen Colić, Partner and Head of Corporate/M&A, and Co-head of ESG at Gecić Law. In its 2024 edition, Who’s Who Legal recognized Ognjen in two highly competitive practice areas: M&A & Governance, and Environment & Climate Change. This dual recognition comes for the second consecutive year. It underscores Ognjen’s exceptional legal expertise and marks a significant milestone in his career. Who’s Who Legal 2024: M&A and Governance Who’s Who Legal 2024 once again ranked Ognjen as […]
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We are excited to share the outstanding achievements of Bogdan Gecić, the Founding Partner of Gecić Law, in the 2024 edition of Who’s Who Legal, a highly respected guide to the world’s top legal practitioners. This year, Bogdan earned recognition as a Thought Leader and was featured in three reports across two highly competitive practice areas: M&A and Governance and Competition. This prestigious recognition, therefore, places him among the select few in the jurisdiction acknowledged across multiple practice groups. This highlights his exceptional legal expertise and strong leadership. Who’s Who Legal – Thought Leader 2024: Bogdan Gecić In this edition […]
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Gecić Law continues to make strides in artificial intelligence with our latest contribution to the International Bar Association’s AI guide. Senior associate Nemanja Sladaković and associate Bojan Tutić authored the Bosnia & Herzegovina, Montenegro and Serbia chapters of the publication. Their work provides crucial insights into the use of AI as a professional tool in these jurisdictions. IBA’s Alternative and New Law Business Structures (ANLBS) Committee, through its Artificial Intelligence Working Group, commissioned the IBA AI guide. It serves as a comprehensive resource for legal professionals navigating the evolving AI landscape. By contributing to this global project, Gecić Law showcases […]
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Our esteemed partner, Ognjen Colić, recently shared his insights on the groundbreaking Remus acquisition of GLM in an interview with Lawyer Monthly. This attractive deal caught the attention of the specialized global publication, which expressed interest in exploring its intricacies further. Ognjen led the legal team at Gecić Law in navigating the local aspects of this significant deal. The transaction is among the most notable in the automotive industry this year. The acquisition included an indirect takeover of GLM RS Zrenjanin, a crucial part of GLM’s global manufacturing capacities. The deal marks a significant expansion for Remus, the Austrian powerhouse […]
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We are happy to announce the remarkable success of Gecić Law’s distinguished lawyers in the 2024 edition of the Who’s Who Legal, an authoritative guide to the world’s foremost legal practitioners. This year, our firm is especially proud to celebrate the recognition of four leading attorneys across various critical practice areas. Who’s Who Legal – Real Estate 2024: Recommended Lawyer Miloš Petaković We are kicking off our series on their achievements by highlighting the exceptional accomplishments of Miloš Petaković. This year, Who’s Who Legal recognized Miloš as a Recommended Lawyer in Real Estate, affirming his status in one of our […]
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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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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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The inaugural meeting of the informal Expert Group on the Carbon Border Adjustment Mechanism (CBAM) took place online on April 23, 2024. Hosted by the Directorate-General for Taxation and Customs Union (DG TAXUD), the meeting marked the beginning of a collaborative effort to guide the implementation of CBAM during its transitional phase and the definitive period, which is set to commence on January 1, 2026. The expert group comprises representatives from EU Member States, industry associations, NGOs, civil society, observers from third countries and international organizations. The session began with a welcome from DG TAXUD, acknowledging the participants’ commitment to […]
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Gecić Law is pleased to announce yet another legal victory, in collaboration with Marić & Co Law Firm, in a critical antitrust case in Bosnia and Herzegovina. The Competition Council of Bosnia and Herzegovina has fully rejected the claim submitted by Telemach BH d.o.o. (“Telemach”) which alleged that Telekomunikacije Republike Srpske a.d. (“Mtel”), BH Telecom a.d. (“BH Telecom”), and Arena Channels Group d.o.o. (“ACG”) had violated competition law in broadcasting of the Bosnian national football league – the Premier League of Bosnia and Herzegovina (“Premier League BiH”). On April 26, 2024, the Competition Council ruled that Mtel, ACG, and BH […]
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Introduction Serbia’s real estate sector has become a notable part of the economy, accounting for 5.5% of the GDP. Moreover, the economic slowdown has not affected the sector significantly. In fact, new developments are on the rise, continuously changing communities and lifestyles. Although investors clearly are fueling this expansion, the architects often are not acknowledged sufficiently. This article focuses on their role in the construction boom, exploring the level of recognition they receive and the protection of their intellectual property rights. Adherence and Integrity of Design for Architects Architects are central to the compliance and design integrity of construction projects. […]
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Introduction to Medicine Marketing Authorization The pharmaceutical industry ranks among the most profitable sectors globally. In 2023, its estimated global value reached USD 1.6 trillion. This industry also plays a crucial societal role, given the importance of medicines and public health. Consequently, it faces strict regulations. This article explores the conditions for marketing medicines in Serbia. It also highlights regulatory similarities between Serbia and the European Union in this area. Obtaining a Marketing Authorization in Serbia To address this question, we first need to define what a medicine is. A medicine is a marketable product characterized by specific strength, pharmaceutical […]
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Gecić Law is delighted to honor an important milestone for TAG Alliances, as the elite global network marks its remarkable 25th anniversary. As the exclusive member of TAGLaw for Montenegro and Serbia, we celebrate a quarter-century of excellence and innovation in global cooperation in legal services. We look forward to the historic 50th International Conference in Nashville, which will mark the official commemoration of the anniversary. The History of TAG Alliances TAG Alliances originated in 1999, when founder Peter Appleton Jones established an alliance of law firms known as TAGLaw. That same year, ten innovative law firms started collaborating at […]
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The ESG Adria Summit 2024, held in Tivat, Montenegro, successfully concluded its two-day agenda, leaving attendees enriched with insights on sustainable practices and technological innovations aimed at a sustainable future. This year’s theme, “Act Now for a Sustainable Tomorrow,” underscored the urgency of adopting strategies that align with ESG principles. Day 1 Highlights: AI at the Forefront of Sustainability The summit kicked off with powerful opening remarks from local dignitaries and ESG leaders. This set the stage for a series of discussions that intertwined sustainability with pioneering technologies and policies. Sessions on renewable energy funding and sustainable urban futures ensued. […]
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The European Critical Raw Materials Act (CRMA) was formally signed by the co-legislators, the European Council, and the European Parliament today. The Act will enter into force 20 days after publication in the EU Official Journal. Introduction to the European Critical Raw Materials Act (CRMA) In an era marked by rapid technological advancement and escalating geopolitical tensions, securing access to essential resources has become a priority for nations worldwide. The European Union, recognizing the strategic necessity of ensuring a sustainable and secure supply of critical raw materials (CRMs), has adopted the European Critical Raw Materials Act. This legislative framework is […]
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After numerous delays, the European Parliament gave the green light today for the Corporate Sustainability Due Diligence Directive (CSDDD). This directive aims to hold companies accountable for any environmental or human rights violations in their supply chains. However, the final version of the CSDDD has been significantly watered down from its original proposal, much to the dismay of sustainability advocates. The CSDDD, also known as the CS3D, sets out a standard for corporate due diligence on sustainability in the EU. This primarily involves environmental and human rights concerns. Under the new rules, companies are responsible for their own actions and […]
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Gecić|Law and the University of Belgrade’s Faculty of Law are proud to announce a cooperation agreement signed yesterday. The agreement defines collaboration on the recently established a Law and Technology Clinic. The pioneering educational initiative integrates cutting-edge technology with practical legal training. This partnership highlights our dedication to enhancing the educational landscape for law students through innovative approaches. The Law and Technology Clinic The clinic, initiated by Prof. Dr. Dušan V. Popović, a renowned professor in this emerging field, will be open to fourth-year undergraduate students. The Law and Technology Clinic offers a dynamic and interactive learning environment where students […]
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We are excited to announce that Gecić Law will participate in the ESG Adria Summit in Tivat, Montenegro, from April 24-26, 2024. The premier event focuses on issues of sustainable development in the region. Gecić Law distinguishes itself for its innovative leadership in ESG and sustainability matters. Notably, it was the first independent law firm in the region to establish a dedicated ESG legal practice. With its expertise in EU law, the firm also offers a unique perspective on navigating the future of sustainability. Bogdan Gecić, Founding Partner of Gecić Law, will be a featured panelist in the discussion titled […]
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Bogdan Gecić, the founding partner of Gecić|Law, took part today in the opening panel of the Healthpharm 2024 SEE Forum & Fair, to be held in Belgrade at the Chamber of Commerce from April 9-10, 2024, and at the University of Belgrade – Faculty of Law on April 11, 2024. The session titled “Western Balkans E-health and E-pharma: How to Use AI for Social Good?” delved into the power of artificial intelligence in healthcare and pharma, aiming to harness technology for the benefit of society. How to Use AI for Social Good? Bogdan made a significant contribution to the discourse. […]
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We are proud of our Senior Associate Vuk Leković, who indeed had the exceptional honor of joining an impressive list of speakers at the opening day of the tenth annual regional conference “Internet Dialogue 2024“, organized by the Faculty of Law, University of Belgrade, and the “Register of National Internet Domain of Serbia” Foundation (RNIDS), taking place on April 8th and 9th at the premises of the Serbian Chamber of Commerce in Belgrade, under the auspices its Center for Digital Transformation. Artificial Intelligence: Challenges in Business Law The first day of the conference indeed gave special attention to artificial intelligence […]
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Intro In a historic ruling, the General Court (GC) has upended a significant European Commission (Commission) Decision, accusing the BEH Group of leveraging its dominant position in Bulgaria’s gas supply market. This landmark gas market case is unprecedented as it represents a full annulment of Article 102 TFEU decision, underscoring the meticulous scrutiny applied by the GC in its assessment of competition law matters. At the heart of this legal saga is the Bulgarian Energy Holding (BEH), a state-owned entity boasting key subsidiaries like Bulgargaz and Bulgartransgaz, which play pivotal roles in Bulgaria’s energy sector. These two entities were the […]
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In our ongoing journey to illuminate the critical significance and far-reaching impact of Environmental, Social, and Governance (ESG) principles across various industries, we proudly unveil the latest edition of our ESG Chat @ Gecić Law series of interviews. In our new installment, we are thrilled to present a compelling dialogue with Elvisa Koca, Human Resources Manager at Eurotay in Serbia. This insightful conversation takes us deep into the heart of the textile industry, offering profound insights. It chiefly delves into how ESG considerations seamlessly integrate into the sector, influencing everything from production methods to corporate ethos. Our guest has tremendous […]
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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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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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On February 8, 2024, the European Commission (“EC”) unveiled an updated Market Definition Notice (“the Notice”). The revision plays a crucial role in the EC’s approach to assessing mergers and antitrust cases by delineating the competitive boundaries and assessing the market power of companies. The Notice extends beyond EU Member States, mandating compliance from Western Balkan countries (“WBs“) aligned with the EU competition law acquis. Namely, all WBs, through the Stabilization and Association Agreements, have committed to enforce the criteria derived from the implementation of competition rules applicable in the EU, in particular from famous Articles 101, 102, 106 and […]
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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 within the banking and finance sector. In this interview, we delve deep into the insights and perspectives of a distinguished ESG and CSR expert in Serbia, Sonja Konakov Svirčev, Corporate Social Responsibility, Diversity and Inclusion Manager at Erste Bank Serbia. Our guest expert shares their extensive knowledge of the role and significance of social responsibility within the broader ESG framework. She also emphasizes the strategic importance of socially responsible and sustainable business […]
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Gecić Law iproudly announces a landmark legal triumph in Kosovo, marking a significant achievement in its history. The Independent Media Commission (IMC) in Priština annulled yesterday its decision from October 3, 2023, which had suspended the broadcasting of Arena Channels in its territory, claiming alleged broadcasting of illegal content. The authorities after all reinstated the channels, and cable networks in Kosovo are free to broadcast. Above all, this triumph was achieved through a strategic collaboration with Clifford Chance and Deloitte Legal’s local counsel. The victory indeed highlighted our firm’s dedication to excellence, innovation, and collaborative success in the legal domain. […]
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In a landmark accomplishment, the collaborative efforts of Gecić Law’s ESG and EU Law teams, alongside Shibolet & Co.’s Environment, Sustainability & Climate Change team, in partnership with Sher Consulting & Training, have led to a significant milestone. This achievement marks the successful submission of the first CBAM reports from Israel in accordance with the EU’s new CBAM (Carbon Border Adjustment Mechanism) regulation. This groundbreaking collaboration supports Israeli aluminum, steel, and iron exporters, addressing the challenges of a new era in environmental accountability. Importers successfully submitted their first CBAM reports, covering the fourth quarter of 2023, by the January 31, […]
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It is common for the media to report on the incomes and prize money earned by professional athletes. However, what is less known are the intricacies of their tax obligations. Before delving into sports-related taxation, it’s essential to recognize that the contributions of professional athletes to their countries. These extend far beyond any monetary value that might arise from taxing their income and prize money. Nevertheless, taxes are an inevitable aspect of life, and the sports industry is no exception. Taxing this revenue is always a hot topic, with sports becoming increasingly lucrative and generating substantial sums of money. Most […]
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Gecić Law is pleased to announce yet another win in an antitrust law case in collaboration with Marić & Co Law Firm Ltd. Together, we have obtained a favorable judgment for our esteemed client Arena Channels Group (ACG). In October, we shared news on the case focused on premium football broadcasting within Bosnia and Herzegovina (BiH). The Competition Authority of BiH (CA) initiated an investigation, prompted by Telemach, alleging abuse of market dominance by ACG. After a thorough investigation, the CA dismissed the complaint, concluding ACG’s equitable engagement within the market. The dispute persisted as the initial claimant challenged the CA’s decision. However, the […]
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In latest CBAM news, the European Commission has acknowledged significant technical difficulties impacting businesses for the EU Carbon Border Adjustment Mechanism (CBAM) reporting. These issues stem from a technical malfunction affecting several EU customs systems, including ICS2 and the CBAM Registry. To support declarants facing challenges in CBAM reporting, the Commission has introduced measures to facilitate the process. Starting from February 1, a new feature in the Transitional Registry will allow affected businesses to “request delayed submission”. This provision grants an additional 30 days for submitting their quarterly CBAM report. The Commission has assured that no penalties will apply for […]
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In an era where businesses are increasingly attuned to their environmental and social footprint, the European Union has ushered in a transformative era by introducing the Corporate Sustainability Due Diligence Directive (CSDDD). Anticipated to take effect in 2024, this groundbreaking legislation is poised to reshape the landscape for companies operating within the EU and beyond its borders. At its essence, the CSDDD compels large companies to: Identify, prevent, and alleviate potential adverse impacts on human rights and the environment across their entire value chain, encompassing subsidiaries, suppliers, and downstream partners. Institute a due diligence process integrating risk assessment, grievance mechanisms, […]
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The European Union (EU) has recently made another significant advancement in its commitment to reducing carbon emissions by reaching a provisional agreement on stringent regulations to reduce emissions from trucks, buses, and trailers. These heavy-duty vehicles (HDVs) are known to be substantial contributors to harmful emissions. With the implementation of these new rules, there will be a significant shift towards cleaner and more eco-friendly transportation. What’s changing? Starting in 2030, new HDVs will have to emit 45% less carbon dioxide (CO2) compared to 2019 levels. This target becomes even more ambitious in 2035, with a 65% reduction in CO2 emissions […]
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Yesterday in Skopje, member countries of the Open Balkan initiative took an important step towards enhancing regional economic cooperation. Representatives of Serbia, North Macedonia, and Albania signed two protocols aimed at establishing a free labor market between the member countries of the Open Balkan initiative. These include the Protocol on the Implementation of the Agreement on Conditions for Free Access to the Labor Market in the Western Balkans and the Protocol on Connecting the Electronic Identification Schemes of the Western Balkans Citizens. Representing Serbia, Gojko Stanivuković, the State Secretary of the Ministry of Finance, signed the documents. This demonstrates the […]
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New rules Fédération internationale de football association (“FIFA”), with its prerogatives in creating the legal framework for the game of football, enacted new changes in their FIFA Football Agent Regulations (“FFAR”). To create a more transparent, efficient, and just system, the new regulations aim to reinforce contractual stability, protect the integrity of the transfer system, and achieve greater financial transparency. However, some of the introduced provisions may potentially violate competition laws, leading to a reluctance among many countries to incorporate the FFAR into their national regulations. With many court proceedings in various national courts from England to Brazil and before […]
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Gecić Law and the University of Belgrade’s Faculty of Law signed a cooperation agreement yesterday, marking an important step in strengthening practical education for law students through collaboration on the first Competition Law Clinic. The agreement creates a meaningful partnership between the academic and professional communities, providing law students practical experience. The Competition Law Clinic, established on December 14, 2023, on the initiative of Prof. Dr. Dušan V. Popović, a full professor of Competition Law, represents an innovative approach to learning. The clinic integrates into the Legal Skills course in the fourth year of undergraduate studies, particularly emphasizing the winter […]
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What are Green and other related ESG corporate bonds? Green bonds, a prominent term in finance, have recently gained significant attention. These instruments, part of the broader Environmental, Social, and Governance (ESG) category, offer distinct advantages over regular bonds and play a crucial role in modern finance. Like regular bonds, ESG bonds involve loans from investors to organizations. These loans finance projects, and investors receive their principal back with interest. ESG bonds include green, social, climate, and sustainability-linked types. Green bonds, issued by public or private entities, finance environmental or climate change projects. They represent the environmental aspect of ESG. […]
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In a move to learn more about emerging digital markets, the European Commission today launched calls for contributions focused on virtual worlds and generative AI. These initiatives represent a step by the Commission to understand the competitive dynamics in these rapidly evolving sectors. The Commission has reached out to various stakeholders, requesting information to gain a comprehensive view of the current state of competition in these innovative fields. Players from all corners of the industry, including developers, consumers, and academic experts, will indeed share their experiences and insights. Virtual Worlds: A New Competitive Landscape Virtual worlds, characterized by their persistent, […]
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An (Un)expected Oligopoly At the end of October, the Belgian Competition Authority (L’Autorité belge de la Concurrence) (“ABC”) released an opinion on the state of competition in Belgium’s retail banking market (the “Opinion”). The Opinion revealed that the retail banking market in Belgium is an oligopoly. Four banks dominate the market: BNP Paribas Fortis, KBC, Belfius, and ING. As an oligopoly, the retail banking market exhibits specific characteristics. These include similar services on offer and frequent interactions between banks, facilitating coordination among the most prominent market participants and reducing competition. The most obvious example of services with identical commercial terms […]
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Autonomous vehicles and driving technologies, characterized by their complexity, are at the forefront of modern transportation advancements. In our article 5G CAM: Revolutionizing Cross-Border Mobility, we highlighted the pivotal role of CAM technology in facilitating vehicle-to-vehicle and vehicle-to-infrastructure communication, a prerequisite for autonomous driving. These technologies are in rapid development worldwide due to their potential benefits. These include enhancing road safety, alleviating traffic congestion, and reducing CO2 emissions. Autonomous driving encompasses various developmental directions, relying on sensors to collect environmental information. Complementary devices, such as cameras and GPS, are also integral to data collection. A sophisticated computer unit then processes […]
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Gecić Law is pleased to announce the second edition of “ESG Chat @ Gecić Law,” an insightful series of interviews exploring the dynamic and ever-evolving world of Environmental, Social, and Governance (ESG) practices. Decarbonization and Growth In this edition, we bring you a thought-provoking discussion with Mikhail Korostikov, Senior Analyst at the Climate Bonds Initiative and a leading expert in green economics based in Serbia. The interview delves into the intricate relationship between the issue of sustainability, decarbonization and economic growth. We take a look at these phenomena from the perspective of the Western Balkans. Central to the discussion is […]
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During its last session on October 26, 2023, the National Assembly adopted amendments to the Public Procurement Act. The most significant changes relate to: introducing quality rather than price as a key criterion for selecting certain services/goods, introducing principles of environmental protection in the awarding of public procurement and specifying the initiation of misdemeanor proceedings in case of illegal spending of public procurement funds. The amendments will be applicable from January 1, 2024. At the outset, it is worth mentioning that the amendments introduce the principle of environmental protection. When considering the procurement of goods, services, or works, the contracting […]
DetailsIntroduction A historic labor strike unfolded in 2023’s ever-evolving Hollywood scene, resembling a gripping drama. On May 2, the Writers Guild of America (WGA) took center stage, unanimously endorsing a strike. This was reminiscent of the industry-shifting 2007–2008 Hollywood strike, marking fifteen years since writers last voiced dissent. This unfolding saga seized the entertainment industry’s attention. The second act began on July 14, 2023, when the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) initiated a historic labor strike against the Alliance of Motion Picture and Television Producers (AMPTP). This marked the first time since the iconic 1980 […]
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Gecić Law is proud to announce its contribution to a groundbreaking scholarship agreement. A Memorandum of Understanding was signed yesterday in Bruges between Telekom Srbija and the College of Europe. Telekom Srbija will provide up to ten annual scholarships for students in Serbia to attend this prestigious institution. Additionally, the students will have the opportunity to work at Telekom Srbija for at least one year following their studies. This pioneering effort is the first in the broader Adriatic and Balkan regions. The scholarship program applies to the Master’s in European Studies at the College of Europe. The college has campuses […]
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Gecić Law is thrilled to announce yet another extraordinary accolade for our founding partner, Bogdan Gecić. In a remarkable development following our recent celebration of partners Bogdan Gecić and Ognjen Colić recognition in the prestigious “Who’s Who Legal: M&A and Governance” 2023 edition, demonstrating an unmatched level of expertise in the legal domain, Bogdan receives the esteemed status of a Thought Leader from Who’s Who Legal. At the same time, Bogdan is the only representative of the market with this ranking level. This recognition is more than an acknowledgment of Bogdan’s exceptional legal acumen; it is a testament to his […]
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What is the Digital Markets Act? The EU Digital Markets Act (DMA) is meant to make digital markets fairer and more competitive. How DMA does this is simple: the European Commission designates the “gatekeepers” (mostly the big tech companies), imposing on them new obligations such as mandatory interoperability of gatekeeper’s services and preventing the gatekeeper from favoring its products and services against similar services or products offered by third parties on the gatekeeper’s platform. A quick repeat of what it takes for a company to be a gatekeeper: strong economic position, significant impact on the internal market, and being active […]
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Gecić Law is proud to announce its partnership with Women on Boards Adria (WOBA), as it becomes the newest Corporate Founding Partner of the organization. This partnership comes from our fruitful professional cooperation in EU law developments and issues of Environment, Social, and Governance (ESG). These are clearly areas where Gecić Law is at the forefront of the region’s legal profession. The latest development certainly strengthens the existing collaboration and underscores our dedication to promoting gender diversity in leadership roles. Gecić Law believes this partnership aligns perfectly with our core values and operational ethos. We have always prioritized diversity and […]
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Gecić Law is pleased to announce another practice-focused initiative on this website and our social media platforms. Welcome to “ESG Chat @ Gecić Law,” an insightful series of interviews exploring the dynamic and ever-evolving world of Environmental, Social, and Governance (ESG) practices. This series delves into the complex interplay of sustainability, corporate responsibility, and ethical governance. Leading experts, practitioners, and innovators present their views on these crucial matters. Moreover, each interview offers a unique perspective, shedding light on how ESG principles reshape industries and influence corporate strategies. From discussing regulatory challenges to highlighting successful ESG initiatives, our “ESG Chat” is […]
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Polo shirts are probably more broadly recognized than the sport itself. Unlike t-shirts, polo shirts feature a collar, a sleek design, and a knitted polo player logo on the chest. However, if you’re not fashion-savvy and examine it closely, you’ll notice that this polo player logo varies. The U.S. Polo Association (USPA) logo depicts two polo players, one with a mallet raised upwards and the other downwards. In contrast, the Polo Ralph Lauren (PRL) logo features a single polo player with a mallet raised upwards. The primary difference lies in the presence or absence of the words “USPA” or “Polo […]
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Gecić Law is honored to announce that our esteemed colleague and counsel, Branko Gabrić, will share his specialist knowledge during an upcoming interactive global webinar on the European Union’s new Carbon Border Adjustment Mechanism (CBAM) regulation. The prestigious global legal network TerraLex presents the event “The Impact of the Carbon Border Adjustment Mechanism.” Branko will be in the company of illustrious speakers, including Assunção Cristas, Head of Environment at Vieira de Almeida, and Nithya Nagarajan, Partner at Husch Blackwell. The event aims to discuss the implementation of CBAM, a groundbreaking initiative by the European Union. The mechanism entered its transitional phase […]
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We are proud to announce that, in another significant acknowledgment of our team’s legal expertise, the recently released 2023 edition of “Who’s Who Legal: Environment” has recognized our partner, Ognjen Colić, as the only lawyer to represent the market in this area among leading figures in the international legal community and eminent global firms, including Latham Watkins, Linklaters, Clifford Chance, Allen & Overy, and Sidley Austin to name a few. The coveted publication has showcased Ognjen’s unparalleled experience and expertise in the field. The rankings also underscore his consistent performance and unwavering dedication to his work. This is Ognjen’s second recognition from […]
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The European Union (EU) has introduced a growth plan to accelerate the accession of the Western Balkans. European Commission President Ursula von der Leyen unveiled a commitment of EUR 6 billion at the Western Balkans summit in Tirana. Out of this amount, two billion euros will be in grants and four billion euros in loans. However, specific details regarding the mechanisms of this growth plan are still pending clarification. The EU’s strategy is to bring the region closer economically before political integration. This would allow the Western Balkans to benefit from certain privileges. Benefits include the free movement of goods […]
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Bogdan Gecić, Founding Partner at Gecić Law, recently spoke to Euractiv Serbia and shared his insights on the critical changes in international trade likely to ensue as a result of the European Union’s groundbreaking Carbon Border Adjustment Mechanism (CBAM) regulation. The regulation entered its transitional phase on October 1, 2023. Moreover, Bogdan detailed the ramifications for businesses. The article is titled “CBAM: Why is It Important and What Do We Need to Know?” The article clearly explains the motivation and reasoning behind this unique regulation. With the CBAM, the EU pioneers the world’s first carbon border tax on imports into […]
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We are thrilled to announce the participation of members of the Gecić Law team in the AI Master Class program, the first educational seminar of this format in the field of artificial intelligence. As pioneers in AI legal practices, our experts will speak at the “Regulating Artificial Intelligence: Legal and Ethical Challenges” event. Spanning October to December, the AI Master Class has four two-day sessions across Belgrade and Novi Sad. Event Schedule & Highlights Novi Sad kicked off on October 12-13 with over 120 attendees. Subsequently, the upcoming Belgrade sessions will occur on October 26-27 and November 16-17. The AI […]
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5G is the fifth-generation mobile network, which promises to lead to a revolution, particularly in transportation. This article focuses on connected and automated mobility (CAM), an offspring of 5G. CAM lets vehicles communicate with each other and with the surrounding infrastructure. Such communication can, in fact, enhance road safety, ease traffic jams, and cut CO2 emissions. With this in mind, countries worldwide are diligently working on developing 5G cross-border corridors. 5G cross-border corridors are networks that connect transportation routes. These routes, whether along roads, railways, or waterways, maintain 5G connectivity across international borders. This connectivity is vital for CAM’s full-scale […]
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Bogdan Gecić, the Founding Partner of Gecić Law, recently spoke with journalist Paddy Bolton. He was thereafter quoted in a Brussels Signal article regarding the EU’s Foreign Subsidies regulation (FSR) and its application in football. Spain’s top football division has filed a complaint with the European Commission (EC) against France’s Paris Saint-Germain (PSG). They argue that PSG’s funding from Qatar violates the EU’s rules on foreign subsidies. Similarly, Belgian football club Royal Excelsior Virton has raised objections about Lommel SK, which receives Abu Dhabi funds. The Foreign Subsidies Regulation (FSR) and Football These interventions come after the EU’s FSR came into […]
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Gecić Law is proud to announce an exclusive seminar that will explore the most critical aspects of law in the field of artificial intelligence (AI). The AI seminar titled “The Law in the Era of Artificial Intelligence” was organized in cooperation and with the exceptional support of the Union University Law School Belgrade. Participants will include students in their final years of study, master’s, and doctoral studies. The seminar will take place from October 16 to November 8. This intensive program will take participants through the general regulatory framework. It will also discuss ethical principles and parallels between EU law […]
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Gecić Law experts will participate in multiple sectoral training sessions on the EU’s new Carbon Border Adjustment Mechanism (CBAM) in October and November. The Ministry of Environmental Protection and the Chamber of Commerce of Serbia initiated the training program within the Swiss Program on Capacities for Trade Policies (C4TP) framework. CBAM training sessions will hence take place in several cities in Serbia during the next two months. These sessions are particularly tailored to the economic sectors affected by the CBAM regulation. First CBAM Training Session on Fertilizers On Monday, the program started its first full-day workshop at the Chamber of […]
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In recent times, the European football landscape has witnessed a significant transformation. The changes have been catalyzed by an unexpected influence – financial subsidies pouring in from Qatar and the United Arab Emirates (UAE). These subsidies have not only captured the attention of football enthusiasts but have also raised concerns within the European Union (EU) regarding their impact on the continent’s football market. This article will explore these concerns’ intricacies, focusing on how the EU Foreign Subsidies Regulation (FSR) intersects with the football world. The Complaints It all started with the complaints from football national leagues in Europe. One of […]
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Gecić Law is proud to announce that two of our esteemed colleagues, both partner Ognjen Colić and counsel Branko Gabrić, have been appointed team leaders for TerraLex Aviation and Food & Beverage industry sectors, respectively. These appointments are, above all, a testament to the dedication and expertise demonstrated by Ognjen and Branko in their fields. TerraLex, the elite global legal network, finally unveiled its list of new Practice Group and Industry Sector Team leaders for the upcoming three-year term starting on October 16, 2023. Each selected individual has undoubtedly demonstrated a deep understanding of their expertise. They also show an […]
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Bogdan Gecić, the Founding Partner of Gecić Law, recently spoke with journalist Paddy Bolton. He was thereafter quoted in a Brussels Signal article regarding the significant changes coming up with the European Union’s pioneering Carbon Border Adjustment Mechanism (CBAM) regulation. The European Union (EU) has begun a transitional phase for implementing CBAM, effective October 1. This initiative, part of the European Green Deal, aims to reduce carbon emissions by taxing carbon-intensive imports. The article discusses the possible implications of CBAM. Boston Consulting Group predicts this could increase the average car price in the EU by approximately EUR 600. This is […]
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The SEEenergy conference kicked off this morning with an exciting panel on Decarbonization in the economy. Our colleague Branko Gabrić sparked great interest as he spoke about the EU’s Carbon Border Adjustment Mechanism (CBAM). The discussion was timely as the new regulation took effect on October 1. The code will introduce significant changes, especially for a specific group of carbon-intensive industries. The energy sector is consequently among the most significantly affected. Panel Discussion on Decarbonization in Industry The distinguished panelists hailed from companies in diverse industries, including Henkel, ABB Group, Schneider Electric, Energy Net, and Viessmann. They shared their views on Decarbonization and specific […]
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From this Sunday, October 1, the European Union (EU) will start implementing the Carbon Border Adjustment Mechanism (CBAM) in its transitional phase. This regulation reflects the EU’s commitment to mitigating carbon leakage as part of the Fit for 55 Agenda. It aims to harmonize carbon costs between local and imported products. CBAM should also galvanize global industries towards adopting greener technologies. Initially, this mechanism will include cement, aluminum, steel, electricity, hydrogen, and fertilizer imports. From now on, importers must submit quarterly reports on greenhouse gas (GHG) emissions in production. Data collection starts in the last quarter of 2023, with the […]
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Gecić Law is pleased to announce a recent win in antitrust law. The case focused on premium football broadcasting within Bosnia and Herzegovina (BiH). In collaboration with Marić & Co Law Firm Ltd., our team has obtained a favorable judgment for our esteemed client, Arena Channels Group (ACG). This legal journey began in April 2021, when the Competition Authority of BiH (CA) investigated ACG. Another telecommunications company within BiH initiated the proceedings. The firm alleged that ACG was abusing its dominant market position. The purported abuses were inclusive of, but not limited to, creating a competitive disadvantage for the complainant, […]
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Gecić Law, in collaboration with Deloitte Legal and RPHS Law, is proud to unveil a monumental victory, having been instrumental in successfully navigating the dispute between the Priština authorities and Telekom Srbija’s subsidiary, MTS d.o.o. (MTS), stemming from the abrupt decision to revoke MTS’s operating license in Kosovo. The contentious decision threatened to halt MTS’s operations within Kosovo, wiping out its registration from the business registry. The outcome of this would have been catastrophic, plunging numerous businesses into uncertainty, rendering employees jobless, and depriving clients of their service provider. These actions by the authorities were predicated on claims that MTS’s […]
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We are pleased to announce that Gecić Law will proudly join the sixth regional SEEenergy conference. This year’s event will take place in Novi Sad from October 2 – 3. It will explore new challenges in energy transition, including decarbonization, energy storage, and the market. At the conference, Gecić Law will share its expertise on the latest developments in EU law and their likely impact on businesses and economies of the region. EU’s Carbon Border Adjustment Mechanism (CBAM) takes effect on October 1. The regulation will introduce significant changes, especially for a specific group of carbon-intensive industries. The energy sector […]
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Gecić Law continually scales new peaks and receives recognition for its development, innovation, and legal proficiency accordingly. For the sixth year running, we’ve been shortlisted for The Lawyer European Awards, cementing our place among Europe’s legal elite. Impressively, this year sees us again competing with international powerhouses. We entered the finals in three categories, the only regional law firm to achieve this feat. Gecić Law is a double winner of the regional title, having been named Law Firm of the Year for South East Europe in 2021. In 2020, we claimed the same honor for Eastern Europe and the Balkans. […]
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Introduction As we previously discussed, AI can have severe implications for intellectual property (IP) law, and it is safe to assume that IP is the area of law most affected by AI. One of the first significant issues recently has been with songs that use AI-generated voices. These sound like famous artists (like Drake, The Weeknd, Rhianna, etc.) or characters (like Sponge Bob, Eric Cartman, Goku, etc.). The story begins with the song “Heart on My Sleeve.” The song is, as far as we know, an original. But it features AI-generated voices made to sound like Drake and The Weeknd. […]
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The European Union has formally unveiled today specific rules for importers on implementing the world’s first carbon border tax. These guidelines in the form of its Implementing Regulation were published today in the EU’s official journal, highlighting the processes to be followed by EU importers in light of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase. The Carbon Border Adjustment Mechanism is a groundbreaking initiative by the European Union. CBAM aims to level the playing field between EU producers who bear carbon pricing costs and foreign producers who don’t face these charges. It discourages businesses from seeking cheaper […]
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