PRess

August 09, 2021

Join Our Team! We are looking for a Senior Associate

We are currently looking for a Senior Associate to join the firm's team with particular expertise in: Corporate/Commercial Employment Dispute Resolution Candidate’s profile/experience: University degree in Law; Serbian Bar exam; At least 3 years of working experience as an attorney at law in the abovementioned practice areas; Excellent written and spoken English; Strong computer skills, specifically Paragraf Lex, Word, Excel, Outlook, Internet research skills; The candidate must be an excellent writer with analytical skills, able to handle multiple matters with independence and sound judgment; Possess a strong work ethic and strong legal research skills; Be able to create and deliver...

August 08, 2021

National Bank of Serbia Increased Control Over the Execution of Mandatory Reporting on Foreign Transactions

When it comes to reporting obligation to the National Bank of Serbia (“NBS”), what first comes to mind is the reporting regulated by the Decision on reporting on foreign credit transactions (Official Gazette of RS no. 56/2013, 4/2015 and 42/2020), which is done through commercial banks of reporting obligors. However, this does not exhaust the obligations of residents to the NBS with regard to reporting and obligors often overlook such other obligations, e.g. reporting on direct investments. The control of exercising of such other obligations has not been subject to control for a long time (at least not under significant...

July 30, 2021

Introduction of Word “Serbia” in Company Business Name

The Company Law permits the introduction of word “Serbia” in company business names, with previous consent from relevant authority. The same applies to derivatives of this word, all forms associating to this word, names in foreign languages, derived attributes and internationally recognised three-letter symbol of the Republic of Serbia "SRB". On the other hand, interestingly enough, such consent is not required for introduction of acronym “RS” in company business name, which is proved by the practice of the Business Registers Agency. Competent authority for giving consent in this case is the Government of the Republic of Serbia, while the request...

July 22, 2021

Guide for Food Safety in E-commerce

At the website of the Ministry of Agriculture, Forestry and Water Management (“the Ministry“) a Guide for beginners in sale of food through the Internet has been published and it has been recommended by the Ministry as an official guide for safety of food of plant and animal origin, mixed food, non-alcoholic and alcoholic beverages in e-commerce. Considering that in the previous period and due to the coronavirus pandemic there has been a significant increase of activities in the domain of e-commerce, including online trade in food, the drafting of such guide was undeniably important, notably for small producers that...

July 16, 2021

Introduction of the Register of Administrative Procedures as Single Catalogue of Administrative Procedures

The Law on register of administrative procedures (Official Gazette of RS no. 44/2021) (“the Law“) introduces the Register of administrative procedures (“the Register“) which represents a publicly available electronic database of all administrative procedures conducted in the Republic of Serbia. The Register is not intended for registering data on particular procedures instituted upon client’s request or ex officio (such as e.g. Portals of courts or eCourt), it will rather contain general information on the type of procedure and it will provide interested parties with information related to exercising of their rights or fulfilment of their obligations, to learn what documents...

July 13, 2021

Application of Serbian Standards for Tobacco and Tobacco Products Will be Exclusively on Voluntary Basis

Previously Yugoslav (JUS), and now Serbian (SRPS) standards for tobacco and tobacco products, dating back from the sixties and eighties of the 20th century, are no longer mandatory. Starting from 10 July 2021, manufacturers of tobacco and tobacco products, including cigarettes, are not obliged to place products in the market that meet the requirements established by these standards. The reason for this change is entry into force of the Law on regulation of market of agricultural products (Official Gazette of RS no. 67/2021), whose final provisions prescribe that its entry into force shall repeal the Rulebook on technical and other...

July 05, 2021

Improved Legal Solutions for Trust Services in Electronic Business

The Law amending the Law on electronic document, electronic identification and trust services in electronic business was published in the Official Gazette of the Republic of Serbia no. 52/2021 and it has been in force since 1 June 2021. The Law on electronic document, electronic identification and trust services in electronic business was adopted in 2017 and it is largely harmonized with the European regulations in this field, notably with Regulation (EU) 910/2014 of the European Parliament and the Council (“eIDAS Regulation”), however in practice the text of the law needs to be further improved. Recognition of EU electronic identification...

June 30, 2021

New Law on the Protection of Business Secret Adopted

The Law on the Protection of Business Secret (Official Gazette of RS, no. 53/2021, “LPBS“) entered into force on 5 June 2021 and it completely repealed the previous law that regulated this matter. The new law introduces the definitions of various terms, namely business secret, holder of business secret, a person who violated business secret, persons suspected of violating of business secret, and it also establishes the reasonable measures for preservation of the secrecy of information that represents business secret. In accordance with the new law, the information fulfilling the following requirements shall be considered as business secret: they represent...

June 30, 2021

Electronic Invoicing – A Completely New Way of Invoicing

Although the existing legislative framework in the Republic of Serbia has been providing for electronic invoicing for some time now, which was undeniably confirmed by the joint explanation of the Ministry of Finance and Ministry of Trade, Tourism and Telecommunications of 12 December 2017, the National Assembly of the Republic of Serbia has recently enacted the Law on Electronic Invoicing (“the Law”) that regulates this matter in a significantly different manner. The law came into force on 7 May 2021, however, due to immense changes it imposes on the current operation of business entities, its application has been delayed, as...

June 24, 2021

Conformity Assessment of Products With Technical Requirements – What Should We Know About the New Law

New Law on Technical Requirements for Products and Conformity Assessment was published in the Official Gazette no. 49/2021 and entered into force on 22 May 2021 (“LTR“). On the day of entry into force of the LTR, the Law on Technical Requirements for Products and Conformity Assessment ceased to be valid (Official Gazette of RS no. 36/09) and the Rulebook on the content of form that contains the list of Serbian standards referred to in the technical regulation (Official Gazette of RS no. 110/09 and 14/12). Application of LTR In terms of application and relation with other laws, it should...

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