Our Insights
Filling a Vacancy in the Board of Creditors without Convening the Creditors Assembly
Co-optation of a Board member is meant to speed up the bankruptcy proceedings by giving an opportunity to the Board to elect a new member without convening the Creditors Assembly.
Who Bears the Costs and Risk of Goods Being Lost or Damaged During Transport? Incoterms Clauses Can Solve This
Incoterms clauses make it much easier for buyers and sellers in international trade to regulate the moment of transferring the risks and costs, especially since it is very common for goods to get lost or damaged during transport.
Drastically Increased Fines for Excavation of Mineral Resources Without Approval
On 26 August 2021, the Government of the Republic of Serbia adopted the Decree on Determining the Value of Excavated Mineral Resources or Other Geological Resources without the Necessary Approvals.
Integrated Rulebook on Value Added Tax in Serbia
The Ministry of Finance of the Republic of Serbia adopted the Rulebook on Value Added Tax which entered into force on 21 April 2021, replacing 27 previous rulebooks in this field.
New Incentives for Investment into Renewable Energy Sources
The National Assembly adopted the new Law on the Use of Renewable Energy Sources, introducing various incentives for RES producers in the Republic of Serbia.
New Law on the Protection of Trade Secret
The National Assembly of the Republic of Serbia adopted the new Law on the Protection of Trade Secret, which came into force on 5 June 2021 introducing a series of changes.