Welcome to PR Legal

PRess

January 29, 2022

Recommendation of the National Bank of Serbia with regard to Abolishment of Interest Rates CHF LIBOR and EONIA

On January 20, 2022, the National Bank of Serbia published the Recommendation in connection with the interest rates which would replace benchmark interest rates which cease to apply (CHF LIBOR and EONIA) (“the Recommendation”). The Recommendation aims to ensure uninterrupted continuity of contractual relationship between borrowers or deponents and the bank, in cases where reference rate, being one of the elements of variable interest rate agreed with the bank, ceases to exist. Namely, the principle of determinability of monetary obligation in such cases requires, instead of previous variable element (benchmark rate) the application of other appropriate variable element (other appropriate...

January 28, 2022

Google Analytics – cookies too hard to swallow

Cookies are often defined as “small blocks of data placed on the user’s computer or other device by the user’s web browser” (source: Wikipedia). We can categorise them according to several criteria – their function, persistence in web browser or the party that places them. Cookies cannot access the data stored in a device, however they can collect data about online activities. For example, having once selected the language of a website display, cookies will make sure that each time we visit that website its contents are presented in the initially selected language. In this case, cookies have a task...

January 19, 2022

Abolishment of Mandatory Product Conformity Certificate

On January 1, 2022, certain provisions of Articles of the Rulebook on Electromagnetic Compatibility (Official Gazette of RS no. 25/2016 and 21/2020) ceased to apply, as well as of the Rulebook on Electrical Equipment Intended for Use within Certain Voltage Limits (Official Gazette of RS no. 25/2016 and 21/2020), which refer to the conformity certificate, i.e., its mandatory provision. As a reminder, the abovesaid rulebooks refer to the equipment that may cause electromagnetic defects and/or whose operating features may be affected by such defects, and the electric equipment intended for use in the range from 50 V to 1000 V...

December 27, 2021

UK Competition Authority Ordered Meta to Sell Giphy

Competition and Markets Authority of the United Kingdom has recently ordered Meta, Facebook parent company, to sell the gif creation website Giphy, which Meta had taken over in 2020. Pursuant to the reasoning of the abovesaid authority, sell-off is the only way to resolve competition concerns thereof, i.e., protect social media users, and promote innovations in digital advertising. The respective ruling is notably rendered as, during its investigation, the UK competition watchdog has determined that Meta, upon takeover of Giphy, had terminated Giphy’s advertising services, which could further lead to removing the competitors from UK advertising market, as well as...

December 27, 2021

Alignment of the Customs Law with EU regulations

On December 17, 2021, amendments to the Customs Law published in the Official Gazette of RS no. 118/2021 as of December 9, 2021 (the “Law”) entered into force. Outlined below is an overview of the key novelties, that were notably enacted for alignment with the changes introduced in the EU customs regulations. Deciding Upon Requests Regarding the Protection of Intellectual Property Rights Instead of previously prescribed deadline of 120 days, competent customs authority shall pass a decision referring to the protection of intellectual property rights in accordance with the provisions of the law on general administrative procedure, which also applies...

December 27, 2021

Amendments to the Law on Patents – Another Step Towards Alignment with the EU Regulatory Framework

Amendments to the Law on Patents (the “Law”) entered into force on December 23, 2021, upon publication in the Official Gazette of RS no. 123/2021 as of December 15, 2021. The amendments were initially enacted for alignment of the Law with the EU regulations on intellectual property, as well as for elimination of certain deficiencies observed in its application. Certificate on Additional Protection The key novelty are provisions on certificate on additional protection. According to the Law, each product protected by patent in the territory of the Republic of Serbia, whose trade as medicine for humans or animals or plant...

December 27, 2021

Extended Deadline for Transfer to a New Electronic Invoicing System

On December 3, 2021, the Government of the Republic of Serbia set out the Proposal of the Law on Amendments to the Law on Electronic Invoicing (the “Proposal”). The main reason is to establish a new deadline for the outset of application of certain obligations under the Law on Electronic Invoicing (Official Gazette of RS no. 44/2021) (the “Law”), for the purpose of enabling public sector and economy to adjust to the new invoicing system, as well as to specify certain provisions of the Law. The obligations that arise from the Law were elaborated in our previous articles (available here...

December 23, 2021

Novelties in Tax Regulations Starting from 2022

In the Official Gazette no. 118/2021 as of December 9, 2021, amendments to the following tax laws have been published: Law on Corporate Profit Tax, Law on Personal Income Tax, Law on Property Tax, and Law on Contributions for Mandatory Social Insurance. An overview of key novelties is presented below. Law on Corporate Profit Tax The amendments introduced the possibility of taxpayers not to include capital profit collected by intake of certain property rights (copyright or related right on deposited author’s work, or the subject of related right, as well as rights relating to an invention, pursuant to the law...

December 17, 2021

Where and How do You Keep Documentation – New Regulations with Respect to Archival Materials and Documentary Materials

New bylaws in relation to the Law on Archival Materials and Services (Official Gazette of RS no. 6/2020) (“the Law”) have recently been adopted to supplement the regulatory framework concerning document management. These regulations are: Regulation on Unique Technical and Technology Requirements and Procedures for Storage and Protection of Archival and Documentary Materials in Electronic Form (Official Gazette of RS no. 107/2021) (“the Regulation”), whose application has been delayed until September 1, 2022, and Rulebook on Detailed Requirements for Ensuring Appropriate Space and Equipment for Storage and Protection of Archival and Documentary Materials with Creators and Holders of Archival and...

December 06, 2021

Changes in Procedure of Registration in the Business Registers Agency

On November 16, 2021, the Law on Amendments to the Law on Procedure of Registration in the Business Registers Agency (Official Gazette of RS no. 105/2021) (the “Law”) has entered into force, while the application of certain provisions has been postponed for the prescribed period. The main intention of the Law is to reduce time and costs of incorporation of business entities, to promote conditions for commencement of business, and to remove legal vacuums observed in previous enforcement of the regulation concerned, all in accordance with measures from the Action Plan of the Program for Improvement of Position of the...

PR Legal
© Copyright 2025 PR Legal

Contact info

Bulevar despota Stefana 12

11000 Belgrade, Serbia

+ 381 (0) 11 420 80 20

+ 381 (0) 11 420 80 21

www.prlegal.rs