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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Legal Developments Worldwide

Articles contributed by Karanovic & Nikolic

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Corporate Recent News Highlights

May 2012 - Corporate & Commercial. Legal Developments by Karanovic & Nikolic .

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Recently in Serbia, a set of laws governing the business operations of companies has been adopted. Among them the most important is the new Company Law, which came into force on 1 February 2012.

LABOR LAW: IN NEED FOR MODERNIZATION

April 2012 - Corporate & Commercial. Legal Developments by Karanovic & Nikolic .

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Dr Slobodan Doklestic Partner, Karanovic & Nikolic

The Serbian Labor Law was adopted in 2005 and thereafter has been amended twice – in 2005 and 2009. Although this law is in many aspects commendable, it seems that some of its solutions call for prompt modernization.  

New regulatory framework for public-private partnerships in the Republic of Serbia

March 2012 - Corporate & Commercial. Legal Developments by Karanovic & Nikolic .

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I. Legislative reform in the field of public-private
partnership ............................................(Pg. 2)
II. Previous experience with PPP projects in
Serbia ...................................................(Pg. 2)
III. New regulatory framework ..................(Pg. 3)
IV. Challenges in the implementation of the new
PPP framework .......................................(Pg. 6)

Energy and Infrastructure

October 2010 - Projects, Energy & Natural Resources. Legal Developments by Karanovic & Nikolic .

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Energy News: October 2010 

New Law on Waters adopted

July 2010 - Corporate & Commercial. Legal Developments by Karanovic & Nikolic .

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On 5th May, 2010 the Serbian Parliment enacted the new Law on Waters. The purpose behind legislative changes in this area was to harmonize the Serbian system of management of waters with the EU standards as well as with the national environmental legislation, to introduce a system of integral water management, and to generally adapt the existing regulations with the technical and other changes which occured in this area since the adoption of the old Law on Waters in 1991. In the energy sector, the new Law on Waters concerns energy producers which utilize public waters, such as primarily hydro-power plants and thermo-power plants. While the new Law on Waters retains the general licensing system for the use of public waters established under the old law, it introduces a certain level of liberalization and regulates the procedure for the issuance of these licenses in more detail.

The new Insolvency Law - a step toward better efficiency?

April 2010 - Finance. Legal Developments by Karanovic & Nikolic .

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After a few months of public debate, the new Insolvency Law1 has finally seen daylight in Serbis. The law was adopted in December 2009, and is effective since the end of January 2010. This has been such a major leap forward in protecting creditors and "cleaning" the business space in Serbia from heavily indebted companies. The law is generally based on the UNITRAL rules pertaining to insolvency, which have also been introduced by many countries in the region.

Serbia Introduces Block Exemption Regulations

April 2010 - EU & Competition. Legal Developments by Karanovic & Nikolic .

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Five years after enacting EU-like Competition Law, the Serbian Goverment has enacted block exemption regulations for vertical and horizontal agreements. The regulations became effective on 13 March 2010 and companies have been given theree months to comply.

Competition Newsletter, July 2009

August 2009 - EU & Competition. Legal Developments by Karanovic & Nikolic .

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Serbian Parliament passed the new Competition Law earlier this month but voted to put it into effect as of 1 November. Most notably, for procedures commencingas of November, the Commission will impose fines and other sanctions directly, up to 10% of the parties’ revenues. The new law completely remodels all procedures before the Commission. The revision did little to change the substantive approach to competition rules thus keeping the law essentially compliant with EU rules.

IP News August 2009

August 2009 - Intellectual Property. Legal Developments by Karanovic & Nikolic .

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Registration of the extended European patent in the Register of Patents at the Intellectual Property Office of the Republic of Serbia.

New Draft Law Unveiled

May 2009 - Corporate & Commercial. Legal Developments by Karanovic & Nikolic .

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The new draft Competition Law has recently been published by the Ministry of Trade. It features a number of novelties, the most significant one being the Competition Commission's ability to impose sanctions directly (up to 10% of annual turnover).