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Editorial

Index of tables

  1. Competition
  2. Leading individuals
  3. Next generation lawyers

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Who Represents Who

Find out which law firms are representing which Competition clients in Serbia using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

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BDK Advokatiprovides sound advice’. The firm has retail, telecoms and pharmaceutical sectoral expertise. The ‘knowledgeable’ Tijana Kojović acted for Imperial Tobacco in an investigation into price fixing allegations. Vladlena Rudusāne-Simić is a key consultant.

Gecic Lawhas superb knowledge of EU laws’. The team is focused on antitrust and competition law, state aid and trade policy negotiations. It successfully represented the government of Serbia and Zelezara Smederevo in the first-ever anti-dumping proceedings against Serbia before the European Commission. Bogdan Gecić ‘gives expert advice’; and Marija Papić is a highly regarded senior associate.

JPM Jankovic Popovic & Mitic is experienced in M&A-related notifications; restrictive agreements’ exemptions; compliance; and investigation proceedings. Nikola Poznanović is highly rated and Bojana Javorić was promoted to senior associate.

Karanović & Nikolić acts in antitrust investigations and assists with merger matters, including compliance issues. The key names are Rastko Petaković and Bojan Vučković, along with senior associates Bojana Miljanović and Veljko Smiljanić.

Moravcevic Vojnovic and Partners in cooperation with Schoenherr is recommended for antitrust investigations; merger control proceedings; damages litigation; and compliance. Srdjana Petronijević is ‘a leading lawyer’; and attorney- at-law Danijel Stevanović is also highly regarded.

Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz’s Raško Radovanović advised British American Tobacco on antitrust compliance programmes. Attorney-at-law Srđan Janković is the key contact.

Bojović & Partners stands out for abuse of dominance cases; and it provides ongoing advice to Samsung on competition law matters. Uros Popovic is ‘experienced’.

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss’ practice covers merger filings, leniency programmes, restrictive agreements, and dominance issues. Senior associates Maja Stanković and Marina Bulatović are highly rated.

NKO Partners advised Erste Card Club with the competition law aspects of its acquisitions. Djuro Otasevic is ‘very experienced’.

Prica & Partners recently assisted Ferrero International with obtaining the approval for its merger. Darija Ognjenovic is highly rated.

Stankovic & Partners’ of counsel Milos Androvic is recommended for abuse of dominance cases, restrictive agreements, merger control matters, and compliance issues.

Zivkovic & Samardzic Law Office assists with abuse of dominance and cartel proceedings and investigations. Slobodan Kremenjak ‘provides valuable advice’.

Bojanovic & Partners’ ‘absolutely exceptional team’ advised a Hungarian electricity incumbent on merger filings. Vladimir Bojanović is ‘a great business lawyer’.

Doklestic & Partnersprovides top-level services’. The practice covers restrictive agreements, abuse of dominance, merger control and state aid. Dragan Gajin and of counsel Igor Nikolic are the key contacts.

Harrisons Solicitors’ ‘advice is commercial’. The team advised Coeval (UK) on a proposed distribution agreement. Consultants Goran Martinovic and Ines Matijevic-Papulin and senior associate Jovan Cirkovic are the key advisers.

Joksovic, Stojanovic & Partners regularly handles the competition law aspects of M&A deals. Milan Joksovic is highly rated and Petar Stojanovićhas a professional approach’.

Kinstellar/Zajednicka advokatska kancelarija Maric & Mujezinovic recently advised on the filing aspects of merger deals. Branislav Marić is ‘very reliable’.

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Legal Developments in Serbia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Interview with Patricia Gannon: The Importance of Female Leadership in Law Today

    Patricia Gannon, founding partner at Karanović & Nikolić, was recently appointed Chair of the European Forum at the International Bar Association . In this interview, she discusses her role at the helm of the largest global gathering of legal professionals and tackles the important topic of diversity in law, as well as female leadership from her unique perspective as female co-founder of a leading law firm from Southeast Europe.
  • Raspberries and IT: New Sector Inquiries by the Serbian Competition Commission

    The Serbian Competition Commission (the " Commission ") recently finished sector inquiries concerning quite distinct industries – raspberries and the public procurement for software and hardware. The aim behind the inquiries was to perform extensive market research and analysis in order to acquire a clearer picture of the possible antitrust issues and risks in two sectors widely perceived as strategic for the development of the Serbian economy.
  • Even More Sector Inquiries: Sportswear And Oil Retail Under Scrutiny By The Serbian Commission

    The Serbian Competition Commission (the " Commission ") continues its diligent examination of the Serbian competitive landscape in specific industries, this time with inquiries in two more industries – sportswear (including footwear and sporting equipment) and oil (petroleum products). Once again, the aim behind the market test was to identify potential issues on the relevant markets and provide broader insight into the functioning of the relevant markets.
  • New Amendments to Serbian Tax Laws

    At the end of 2017, the Serbian Parliament passed amendments to Serbian tax laws, including the Law on Personal Income Tax (PIT Law), the Law on Contributions on Mandatory Social Insurance (CMSI Law), the Law on Corporate Income Tax (CIT Law), and the Law on Value Added Tax (VAT Law).
  • Permit-free Regime for Construction in Montenegro

    The new Construction Law entered into force in Montenegro and it is meant to unify construction, zoning regulations and deal with illegal objects. However, some provisions of the old Construction Law still remain in force, until the adoption of the General Regulation Plan.
  • Amendments To The Slovenian Construction Law

    With the aim of breathing a bit of fresh air into the construction legislation, three new laws have been adopted recently and will be applied with effect from 1 July 2018. The current Construction Act will be replaced with both the new Building Act and the Architectural and Civil Engineering Activities Act, while the current Spatial Management Act will also be subject to certain amendments.
  • Expedited Procedure Rules part of the new ICC Rules

    On March 1, 2017, the amendments to the ICC Rules entered into force. Among different changes, maybe the most noticeable ones relate to the introduction of the Expedited Procedure Rules (hereinafter: the Rules), now contained in the new Article 30 of the ICC Rules and the new Appendix VI.
  • New tax rulebooks in Serbia - trend of increased taxation of foreign legal entities

    Upon recent amendments of the Law on Value Added Tax in Serbia (the “VAT Law ”), the Ministry of Finance adopted several accompanying secondary pieces of legislation:
  • Serbia: Regulation on the Terms and Conditions for Attracting Direct Investments

    The Regulation on Terms and Conditions for Attracting Direct Investments (“Official Gazette of the Republic of Serbia”, no. 110/2016) has come into force on 1 January 2017. The Regulation introduces certain changes in regards to public invitation, grounds and conditions for the allocation of funds in respect of the investment projects.
  • Changes in tax laws in Serbia - New duties for foreign legal entities

    The Law on Amendments to the Law on Value Added Tax (hereinafter: Law on VAT), the Law on Amendments to the Law on Tax Procedure and Tax Administration (hereinafter: Law on Tax Procedure), and the Law on amendments to the Law on Excise Duties (hereinafter: Law on Excise Duties) were published in the Official Gazette of the Republic of Serbia no. 108/2016 of 29 December 2016. All laws came into force on 1 January 2017, however, certain provisions will begin to apply at a later date, as outlined below, for every law individually.

Press Releases worldwide

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  • Bär & Karrer Advises CEVA Logistics on its IPO, the anchor investment by CMA CGM and its migration

    CEVA Logistics, one of the world's leading third-party logistics companies, successfully priced its IPO and listed its shares on the SIX Swiss Exchange, where trading commenced on 4 May 2018. With a market capitalization of CHF 1.6 billion and generating gross proceeds of CHF 821 million, this is so far considered as the largest IPO on the SIX Swiss Exchange for 2018. In addition, CMA CGM, the third largest container shipping group in the world, has committed to make a strategic cornerstone investment in CEVA Logistics by purchasing CHF 379 million of mandatory convertible securities which will convert into shares of CEVA Logistics once certain regulatory approvals have been obtained. Simultaneously with the IPO, CEVA Holdings, the former holding company of the CEVA group, migrated from the Marshall Islands to Switzerland by way of a cross-border merger with CEVA Logistic as the surviving company.
  • BAG: Employer not liable for harm caused by vaccine

    Employers who have flu vaccines administered within their company are not liable for any harm that might occur as a result of the vaccine. That was the verdict of the Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court, in a recent ruling.
  • Tax Update

    Cyprus Tax Department has announced that, as of June 1 st 2018 , the following taxes, not bearing interest and charges, can ONLY be paid via JCCsmart (website www.jccsmart.com.cy ) . JCCsmart is a Cyprus portal used to contact payments to various organizations including the Government. This measure follows the successful implementation of the Pay As You Earn (PAYE) tax withheld from employees through JCCsmart.
  • Bär & Karrer Advises on the Financing of the Largest Thermoelectric Plant in Latin America

    Centrais Elétricas de Sergipe S.A. (CELSE) has successfully issued bonds for approx. USD 1 billion equivalent in local currency at a fixed, long-term rate in international capital markets. The innovative bond issue is guaranteed by the Swiss Export Risk Insurance (SERV), the export credit agency of Switzerland. The bonds are part of a financial package to finance the development, design, construction, operation and maintenance of a thermoelectric power plant by CELSE in the state of Sergipe in the northeast region of Brazil. Besides the bond issue for approx. USD 1 billion, the transaction includes a USD 200 million loan from the International Finance Corporation and a financial package of the Inter-American Development Bank in the amount of approx. USD 300 million. Once operational expected for in 2020, CELSE will sell electricity to 26 distribution companies in Brazil, becoming the largest and most efficient thermoelectric plant in Latin America and the Caribbean.
  • BAG: Threats made by employee can justify dismissal with immediate effect

    Employers do not have to accept threats made by employees. These can constitute good cause justifying extraordinary notice of dismissal with immediate effect, as demonstrated by a ruling of the Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court.
  • SyCipLaw is Tier 1 Firm in IP STARS 2018 Rankings

    SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) was once again ranked by Managing IP’s IP STARS 2018 as a Tier 1 firm in Patent and Trademarks/Copyright in the Philippines. In addition, SyCipLaw partners Enrique T. Manuel and Vida M. Panganiban-Alindogan are ranked as Trade mark star – Philippines . Mr. Manuel is also ranked as Patent star – Philippines .
  • Bär & Karrer Advises lastminute.com on Partial Self-Tender Offer

    On 21 September 2017, an extraordinary shareholders' meeting of the SIX Swiss Exchange listed lastminute.com N.V. authorized the board of directors to repurchase up to 33 1/3% of the company's share capital by means of a partial self-tender offer. The resolution adopted under Dutch law contained detailed information, among others regarding the period for which the authorization is granted, the manner in which the shares are repurchased and the price range within which the offer price must be set.
  • New Serbian Law on Foreigners Adopted

    In March 2018, the new Serbian Law on Foreigners was adopted, replacing the 2008 version of this law- in force until recently without any amendments. The new law will enter into force on 3 October 2018.
  • The Serbian Law on Foreign Exchange Amended

    On 20 April 2018, the amendments to the Law on Foreign Exchange (the “Law ”) were adopted and will enter into force on 28 April 2018 . Exceptionally, the application of certain provisions related to the assuming of competencies over foreign exchange control by the National Bank of Serbia is delayed until 1 January 2019.
  • Bär & Karrer Advises Vyaire Medical on its Acquisition of Acutronic Medical Systems

    Vyaire Medical, Inc., a global leader in respiratory care, acquired all shares in the Acutronic Medical Systems group, a Switzerland and Germany-based leader in the design and manufacture of neonatal ventilation equipment.