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So far Ljiljana Madzarevic has created 77 blog entries.
18 Sep

Once again, Stankovic & Partners has been ranked in Financial and Corporate, as well as Project Development by IFLR1000

2023-09-18T11:59:28+02:00

 

 

 

 

 

 

 

Independent ratings publication IFLR1000 recently announced the launch of its 2023 rankings covering the best law firms and lawyers in Europe. We are delighted that Stankovic & Partners has once again been ranking as a leading firm across the board. Our team was ranked in Tier 3 of the Financial and Corporate tables, as well as in Tier 4 for Project Development.

It is even more satisfying to know that feedback to the researchers included the fact that our clients value our “attention to detail and profound understanding of the business needs and analysis of the issues”, as well as commending the team at Stankovic & Partners for being “highly responsive in tight deadlines”.

Nenad Stankovic, Senior Partner at Stankovic & Partners, was also recognised as a highly regarded lawyer in the IFLR1000 rankings, marking him out as one of the elite practitioners in Serbia.

For more information please see the full rankings at: Serbia – Jurisdiction Rankings | IFLR1000.

Once again, Stankovic & Partners has been ranked in Financial and Corporate, as well as Project Development by IFLR10002023-09-18T11:59:28+02:00
14 Sep

NEW RULES RELATING TO THE IMPORTING OF DRUGS

2023-09-14T15:58:33+02:00

 

 

 

 

 

 

 

 

 

 

 

The Republic of Serbia is adopting the “Rulebook on amendments to the Rulebook on documentation and methods for importing drugs that do not have a medicine licence, i.e. medicines not registered in the register of medicines (Official Gazette of the RS no. 75/2023)” – something that is leading to a number of key changes from 14 September 2023. These include:

 

  • Structured Import Procedures – The Medicines and Medical Devices Agency (ALIMS) has established a structured process for initiating import requests, ensuring transparency and efficiency.
  • Documentation Requirements – Importers must now provide comprehensive documentation, such as product details, manufacturer certifications, and clinical trial data as appropriate to the product in question.
  • Research Imports – Scientific research related imports also require detailed research plans and permits to promote responsible research practices.
  • Humanitarian Aid – For humanitarian purposes, importers must specify donor and recipient details, further ensuring transparency in aid efforts.
  • Ethical and Medical Compliance – Importers must comply with appropriate ethical and medical standards, obtaining approval from relevant ethics committees and healthcare professionals to justify their activities.
  • Agency Approval – The Medicines and Medical Devices Agency (ALIMS) will review and approve import requests, prioritising key healthcare needs.
  • Strict Control – Imported products must adhere to strict packaging and storage requirements in order to guarantee safety and efficacy.

 

These new provisions will help to improve Serbia’s commitment to addressing current healthcare challenges effectively while maintaining ethical and medical integrity.

 

 

NEW RULES RELATING TO THE IMPORTING OF DRUGS2023-09-14T15:58:33+02:00
6 Sep

ICSID tribunal protected the beneficial investor’s rights in a dispute with the Republic of Serbia

2023-09-06T13:10:00+02:00

We are very pleased to announce that the team at Stankovic & Partners, working closely with global law firm Squire Patton Boggs, recently secured a notable victory for Canadian national Mr William Rand in an ICSID arbitration against the Republic of Serbia.

In its decision of 29 June 2023, the arbitration tribunal awarded our client damages of EUR 14.5 million plus interest as a consequence of the unlawful termination of a privatisation agreement.

The case stems from a 2005 transaction in which Mr William Rand purchased a 70% beneficial stake in one of the largest dairy farms in Serbia, BD Agro, involving a privatisation agreement concluded between Mr Djura Obradovic and the Privatisation Agency. The Agency decided to terminate the privatisation agreement in 2015, expropriating the title over the company’s shares and establishing corporate control over BD Agro. Our client, Mr William Rand, then filed a request for arbitration in 2018 with ICSID, seeking protection for his beneficial stake and investment in BD Agro.

The tribunal recognised that, as Mr Rand was the one bearing the financial burden of the investment, in exchange he had acquired an interest in the beneficially owned shares in BD Agro and therefore exercised control over BD Agro’s operations and management. It was ultimately concluded that the Republic of Serbia had breached the fair and equitable standards envisaged in article 6 (1) of the Canada – Serbia bilateral investment treaty by unlawfully terminating the privatisation agreement and seizing Mr Rand’s beneficially owned shares, which had been effected through the exercise of sovereign powers by the Agency. The Tribunal stated that a privatisation agreement could not be terminated after the purchase price had been paid by a buyer for an alleged breach that had occurred before the transaction had taken place.

The team […]

ICSID tribunal protected the beneficial investor’s rights in a dispute with the Republic of Serbia2023-09-06T13:10:00+02:00
1 Sep

1 September has arrived. Has the global community finally embraced the Global Foreign Judicial Decisions Recognition System and what are the likely benefits for the SEE region?

2023-09-01T15:22:04+02:00

Introduction

In our increasingly interconnected world, where international trade, cross-border transactions and global mobility are the norm, establishing an efficient and co-ordinated system for recognising and enforcing foreign judgments has become of paramount importance. However, the diversity of legal systems and lack of a unified framework often pose considerable challenges when it comes to enforcing judgments across national borders. That means that introducing a global system to facilitate the recognition and enforcement of foreign judgments is a pressing matter that could provide greater certainty in relation to legal outcomes, as well as facilitating international commerce and promoting improved access to justice.

The end of August 2023, therefore, could mark the end of an era in private international law as the Hague Convention of 2 July 2019 on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters (“2019 Hague Convention”) comes into force on 1 September 2023. This should provide the long-waited global legal framework for the recognition and enforcement of foreign judgments.  It isn’t that solutions have not been proposed before – on the contrary there have been several concerted efforts to put in place an appropriate recognition and enforcement system. Two of these are of particular note: one resulted in the successful 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which established a now aging but reliable system for the recognition and enforcement of foreign arbitral awards; the other was the unsuccessful Convention of 1 February 1971 on the Recognition and Enforcement of Foreign Judgments in Civil and Commercial Matters (“1971 Hague Convention”).

Previous global initiatives

The recognition and enforcement of foreign judgments were formerly governed by a patchwork of international conventions, bilateral treaties, and national laws. The abovementioned 1971 Hague Convention was an ambitious effort […]

1 September has arrived. Has the global community finally embraced the Global Foreign Judicial Decisions Recognition System and what are the likely benefits for the SEE region?2023-09-01T15:22:04+02:00
17 May

Stankovic & Partners lawyers recently gave a lecture at the Faculty of Law, University of Belgrade

2023-05-17T16:56:07+02:00

‘Little things that are crucial for legal trainees’ (“Male stvari koje pripravnički život znače”) was the title of a lecture given on 10 May by Stankovic & Partners team members Sara Pendjer, Mitar Simonovic and Teodora Markovic at Belgrade University’s Faculty of Law.

The talk focused on the key qualities essential for success in the legal profession. In particular, the speakers covered issues like punctuality, having a sense of curiosity, taking responsibility, meeting deadlines and managing research efficiently.

Sara, Mitar and Teodora helped to convey complex legal principles in clear and relatable terms, as well as sharing their real-life career examples with the students. They outlined the day-to-day challenges faced by legal professionals and gave practical insights into potential career paths and tips on how to ensure success.

If you are passionate about pursuing a career in law, we would encourage you to consider applying for one of Stankovic & Partners’ own Legal Trainee roles by sending your CV to office@nstlaw.rs.

Stankovic & Partners lawyers recently gave a lecture at the Faculty of Law, University of Belgrade2023-05-17T16:56:07+02:00
16 May

SBRA Implements Exclusive Electronic Application Process for Company Incorporation from 17 May 2023: Key Clarifications Provided

2023-05-16T11:15:40+02:00

The application process for incorporating a company will be changing to an exclusively electronic format from 17 May 2023, in accordance with the latest amendments to the Law on the Registration Procedure at the Agency for Business Registers. There are a number of key issues arising from this change that we seek to clarify below:

Who can submit an e-application to register a company in the Register of Business Entities?

The e-application can be submitted by a natural person (founder – future shareholder of the company) or by a person who is authorised by the founder (for example, a lawyer) to submit the e-application to the Serbian Business Register Agency (“SBRA“). If the applicant is a founder, he would sign the e-application with his qualified e-signature. If the applicant is a lawyer, he would sign the e-application with his own qualified e-signature, and the attachment would need to include a power of attorney in the form of an electronic document (signed by the founder of the company with his e-signature or signed with the founder’s handwritten signature and then digitised by a lawyer/notary).

Does the document submitted with the electronic application need to be in electronic form?

In relation to the e-registration procedure, all submitted documents must be in electronic form. It is essential to understand the difference between documents that the founder (or his representative) himself originally draws up in electronic form (such as the shareholder agreement) and signs with his qualified electronic signature, from documents issued by third parties or by the authorities, which must be authenticated with the qualified e-signature of an authorised person within the organisation that issued the document.

If the founder registers a company and does not have any of the documents he is required to submit in electronic form, he […]

SBRA Implements Exclusive Electronic Application Process for Company Incorporation from 17 May 2023: Key Clarifications Provided2023-05-16T11:15:40+02:00
9 May

New law governing protection of health and safety at work

2023-05-09T11:22:38+02:00

While the labour market is subject to constant change and evolution, the past four years (since the start of the COVID-19 pandemic) have seen a considerable shift in the way that work is undertaken and managed. However, the existing regulatory framework has not kept pace with these rapid developments. In fact, the Law concerning the protection of health and safety at work in the Republic of Serbia has not changed substantially for the past 17 years. However, an entirely new Law covering this area came into force on 7 May 2023, which introduces some notable developments. In particular:

First, the new Law defines the term “workplace” with much greater precision, in contrast to the former definition which envisioned the place of work as an employer’s premises. This obviously raises questions relating to risk assessments for employees. The new definition will define the “workplace” as the location where an employee performs their role under the terms and conditions of their employment.

Secondly, the Law goes on to stipulate that an employer is obliged to confirm that standards of workplace health and safety are ensured for all employees working remotely/from their homes. An employer can document remote work risk assessments in writing (though they are not obliged to) with the cooperation of their employees. This will apply not only to employers but also to self-employed entrepreneurs.

Thirdly, the Law will also introduce a new (digital) reporting mechanism, through which employers can report injuries at work and occupational diseases. This information will be stored on a new unified electronic database streamlining the reporting process for employers.

Finally, the Law will also introduce a number of timely changes relating to the protection of personal data, including personal data related to employees’ medical examinations, as well as setting out the scope […]

New law governing protection of health and safety at work2023-05-09T11:22:38+02:00
18 Apr

Stankovic and Partners recommended in all categories by Legal 500

2023-04-18T16:49:50+02:00

Legal 500 Europe, Middle East and Africa 2023 edition has announced the results of the comprehensive research of the legal market, and we are thrilled to announce that Stankovic & Partners has been ranked in all the categories.

Our dispute resolution section has been ranked in Tier 2, due to “a range of excellent expertise that covers all levels” and for making “clients confident of its ability to handle highly complex and sizeable matters – delivering a gold-standard service“. Once again, our Senior Partner Nenad Stankovic is a leading individual in this field of law, and the work of Counsel Sara Pendjer in dispute resolution matters has been recognized and she has been named a rising star.

The firm’s commitment to the high-level service has also been confirmed by Tier 3 rankings of our teams in the areas of Banking and Finance, Commercial Corporate and M&A, Competition, Employment, Intellectual Property, Projects & Energy and Real Estate & Construction. Our Associate Tijana Milisic has been named a rising star in the area of Commercial, Corporate and M&A.

Stankovic and Partners recommended in all categories by Legal 5002023-04-18T16:49:50+02:00
24 Mar

Nenad Stankovic recognised as a leader in the Legal 500 Arbitration Powerlist 2023

2023-03-24T11:13:52+01:00

We were delighted to receive the news that Stankovic & Partners’ founding partner Nenad Stankovic has been recognised as a leading practitioner in the Legal 500 Arbitration Powerlist CEE for 2023.

This prestigious publication showcases leading arbitration practitioners across a broad sweep of countries, stretching from Austria and Poland to the Baltic nations and down to Serbia and North Macedonia. Elite practitioners in the region are nominated on the basis of recommendations from the leading arbitrators, arbitral institutions, and general counsel active in the market in a list that is considered as setting a ‘gold standard’ in this area.

When told about his inclusion in the Powerlist, Nenad commented: “I am truly delighted to have received such positive commendations from so many valued colleagues and clients. The Legal 500’s research also marks a significant milestone in bringing greater global recognition to the CEE arbitration community as a whole – something that I support wholeheartedly.”

The full list can be viewed by following this link:

 The Legal 500 Private Practice Powerlists – The Legal 500

Nenad Stankovic recognised as a leader in the Legal 500 Arbitration Powerlist 20232023-03-24T11:13:52+01:00
21 Mar

Stankovic & Partners recognised as a leading firm by Chambers and Partners

2023-03-21T12:51:31+01:00

We are delighted to announce that Stankovic & Partners has once again been ranked in the most recent Chambers Europe Guide. These Europe-wide rankings of leading law firms were published by Chambers and Partners on 16 March 2023, recognising elite firms and individuals in a number of practice areas internationally.

The NSTLAW team has been recognised as a leading firm in both Banking & Finance and Dispute Resolution. In particular Senior Partner Nenad Stankovic has seen his rankings increase to band 2 for Corporate/Commercial: Real Estate and Dispute Resolution, as well as appearing in band 3 in Employment in recognition of his prominent reputation in Serbia and internationally. The work of Counsel Sara Pendjer has also been recognised in Dispute Resolution and she is ranked in band 3 in this field.

The rankings are awarded based on the client feedback that Chambers and Partners receives, as well as on teams’ wider market profile. We are, therefore, particularly proud that our clients commented to the researchers that they “admire their commercial awareness and their ability to constantly develop their understanding of business”, and are “always pleased with the excellent levels of service and responsiveness of the team at Stankovic & Partners.” Excellence in client service is something that Stankovic & Partners prioritises, so it is a great pleasure to receive such positive recognition from our clients and peers.

Stankovic & Partners recognised as a leading firm by Chambers and Partners2023-03-21T12:51:31+01:00
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