Category: Corporate / Commercial / M&A

Law on Protection of Trade Secrets

On 27 May 2021, the National Assembly of the Republic of Serbia adopted the Law on Protection of Trade Secrets (hereinafter: the “Law”), which entered

Rulebook on preventive measures for safe and healthy work to prevent the occurrence and spread of the infectious disease epidemic

The Ministry of Labor, Employment, Veterans’ and Social Affairs has adopted the Rulebook on preventive measures for safe and healthy work to prevent the occurrence and spread of the infectious disease epidemic, which prescribes the obligation of employers to adopt a Plan for the implementation of measures to prevent the occurrence and spread of an infectious disease epidemic by 10 August 2020 at the latest.

Law on Amendments and Supplements to the Company Law

In force as of 1 April 2020 are provisions of the Law on Amendments and Supplements to the Company Law concerning the introduction of two new financial instruments: 1) reserved own share and 2) right to acquire a share issued by a limited liability company.

Employers’ obligations during the state of emergency due

Pursuant to the declared state of emergency on the territory of the Republic of Serbia due to the pandemic of the corona virus Covid-19, the Regulation on Organizing the Work of Employers during a State of Emergency became applicable as of 16 March 2020.

Law on Amendments and Supplement to the Law on Contracts and Torts

The Law on Amendments and Supplement to the Law on Contracts and Torts enters into force on 11 March 2020, with the main novelty being that, for the validity of the consent or power of attorney given to conclude an agreement or to undertake other legal work in the form of a solemnized document or notarial deed, it is sufficient that the signature on the given consent or power of attorney is certified.

Law on Amendments and Supplements to the Company Law

In force as of 1 April 2020 are provisions of the Law on Amendments and Supplements to the Company Law concerning the introduction of two new financial instruments: 1) reserved own share and 2) right to acquire a share issued by a limited liability company.

Deadline for registration in the Central Registry

In view of the recently established Central Registry of Ultimate Beneficial Owners, authorized persons of existing registered entities are obliged to, no later than 31 January 2019, register the data regarding the ultimate beneficial owner in the Central Registry, using a qualified electronic signature. Attached herewith is a bilingual guide which describes in more detail the procedures of registration in the Central Registry.

Law on Amendments and Supplements to the Company Law

Further amendments to the Company Law aim to enable the implementation of measures from the Program for Improving the Position of the Republic of Serbia on the World Bank’s Doing Business Report for the period 2018-2019.

Doing business Serbia

Aviv Park Pancevo

As advisor to BIG Israel, CSJ completed the transaction of buying Aviv Park in Pancevo. Attorneys Goran Cvetkovic and Mina Skoko headed the legal team working on this transaction.

Acquisitions Serbia

Law on Amendments and Supplements to the Company Law

On 1 October 2018, most provisions of the Law on the Amendments and Supplements to the Company Law come into force, while the provisions regulating the cross-border merger and absorption of companies, the European Society and European Economic Interest Grouping shall apply as of 1 January 2022. The main reason for adopting the Law is to harmonize the legal system of the Republic of Serbia with the acquis of the EU in the field of corporate law.

Doing business Serbia