We are pleased to announce upcoming webinar Costs of arbitration: From pitching to enriching organized jointly by Arbitral Women and Arbitration Association Under 40 that will be held on June 10, 2021 at 3 p.m. Our team member Sara Pendjer will be giving opening remarks.

Videoconferencing details will be provided upon registration. Please register by e-mail to events@nstlaw.rs.

NST LAW leadership strengthened by addition of Andjelka Radovanovic as Senior Associate. She joins the firm having spent many years at a top tier Commercial law firm and subsequently established her own firm 4 years ago. She joins the firm with her client base and will be responsible for further growing the joint business. Despite the covid situation over the past year, NST Law has achieved excellent results and Andjelka will strengthen the Corporate team in particular.

We are pleased to announce the successful completion of our latest M&A project advising Amdico Iternational on the purchase of the hospitality company HTP Srbija doo in Vrsac from Spanish hotel chain Eix Daurda Invest sl.

Srbija doo also owns and manages the Hotel Srbija in Vrsac – with central location. This is another interesting deal in the very dynamic hospitality sector despite continued covid conditions.

NSTLAW team included attorneys at law Nenad Stankovic, Tijana Kovacevic and Luka Marosiuk.

Photo credits: https://www.srbijanadlanu.rs/vrsac-hoteli/

On February 2, 2021 the implementation of the new Law on Archival Material and Archival Activity (“Official Gazette of the RS”, No. 6/2020) (hereinafter “the Law“) began.

The Law envisages new obligations of legal entities and entrepreneurs, related to the internal organization in relation to archival material.

The law prescribes that archival material is documentary material that is permanently kept and is created by the work and activities of companies, entrepreneurs, persons performing registered activities that are important for culture, art, science, education and other social areas. The competent archive determines which documents within the documentary material represent archival material. Documentary material consists of invoices, contracts of the company, but also all other acts that arise in the regular business of the company.

The Law applies to all legal or natural persons whose activities create archival material and who are  holders of rights to archival material.

Transcript of the archival book must be submitted to the competent archive no later than April 30 of the current year, for all documentary material created in the previous year.

Creators and holders of archival material who are legal entities are obliged to adopt the following general acts:

• General act on the manner of recording, classification, archiving and storage of archival material and documentary material;
• List of categories of archival material and documentary material with retention periods;
• General act on the manner of recording, protection and use of electronic documents.

For non-compliance with the obligations provided by law, fines are prescribed for a legal entity in the amounts  up to 2,000,000.00 RSD and up to 150,000.00 RSD for a responsible person in a legal entity.

 On  April 16^th 2021 the Law on Museum Activities (hereinafter: “Law”), which defines rights and obligations of museums as well as their founders, came into force. This Law regulates the system of protection and usage of museum material, keeping museum documentation, conditions and manner of performing museum activities and its structure, organization, competence, as well as museum activities in the Republic of Serbia and other issues of importance for performing museum activities.

The activity of protection of museum material and intangible cultural heritage is of general interest for the Republic of Serbia.

The Law states, among other things, that the museum can be founded by the Republic of Serbia, an autonomous province, a unit of local self-government, was well as other legal entities, natural persons and entrepreneurs.

In addition, The National Museum in Belgrade changed its name to the National Museum of Serbia and it became the central institution for the protection of museum material.

The Law provides the establishment of the Council for Museums of the Republic of Serbia, which is established at the central institution as an expert-advisory body for performing activities of interest for the development and improvement of museum activities in accordance with the law.

This Law applies after the expiration of six months from the date of its entry into force, i.e. from October 17^th, 2021.