The Legal 500

A number of law changes requested over last few years regarding the regime of funds of qualified investors were finally enacted and became effective. These changes may give a positive stimulus to further development of the fund industry in the Czech Republic.

Since the commencement of transition process in Serbia and inflow of foreign investments, labor law has been characterized by the foreign investors as one of the main obstacles for such investments, together with the inefficient state administration, unsettled ownership status of real estate, political instability and related risks of investment etc.

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.

Dr Slobodan Doklestic Partner, Karanovic & Nikolic

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)

In May 2011, the Serbian parliament adopted a new company law, which is scheduled to take effect on 1 February 2012 (hereinafter: the “New Company Law”). The new legislation will replace the current company law that has been in force since 2004 (hereinafter: the “Old Company Law”)

A practical cross-border insight into business crime

One of the most important facts to know in dispute resolution law is the local and mate-rial jurisdiction of courts with respect to the proceedings. Significant difficulties could arise if the petition is not brought before the right court, including cancellation of the judgement . As a result, a party should be aware of procedural rules and use them to his advantage, in particular if the dispute was decided by a body not authorised to do so.

Although the Office for Competition and Consumer Protection (OCCP) states that there shall be no mercy for competition law offenders, recidivists will be granted

The proposed future banking regulatory liquidity framework is widely regarded as favouring corporate bond issues as compared to corporate lending. The reasons for this are explained by Walter Gapp in his article in this roadmap.

In December 2010, the Slovak Parliament adopted an Amendment to the Renewable Energy Sources (RES) Promotion Act.