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If you have also made Serbia an investment target, then you are certainly already aware of the numerous political and economic reforms implemented in recent years which have brought the country closer to the EU and have removed barriers to investment. And also that these reforms have led to the privatisation of state-owned enterprises and a gradual harmonisation of Serbian legislation with EU law. What you were possibly not aware of is that CMS was involved in this process in an advisory and developmental role, for example in the drafting and implementation of the new provisions and accompanying regulations of Serbian corporate law. It is also worth mentioning here that we are also involved in the area of "foreign direct investments" in Serbia.

What makes all of this possible is our long-term presence in Serbia, since 2000, with a legal team which now numbers 25 and provides comprehensive legal advisory services. We advise our clients, amongst others, on corporate law, privatisation, tax, competition, energy and media law. We are also regularly called on for advice on banking and finance, property financing, life sciences, restructuring & insolvency, renewable energies, construction industry law, as well as automotive, tourism and agro sciences law.

The aforementioned developments that have taken place in Serbia have opened up many new areas of expertise which we were able to embrace from the very start due to our focus as a full-service law firm with an international network. This market continues to have a very attractive potential for growth and whether you are a local or international investor, we can advise and support you in all the relevant specialist areas relating to the implementation of your projects.

Thanks to many years' experience in the Serbian market and our excellent contacts in the local economy, with the local authorities and government ministries, there is a strong possibility that we are also the ideal legal advisor for you. If you would like to learn more about our firm, do not hesitate to get in touch with us any time, by contacting us online, by email or telephone.

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23/07/2024
CMS International Disputes Digest – 2024 Summer Edition
Welcome to the Summer 2024 edition of the International Disputes Digest, our bi-annual publication exploring the latest trends and solutions to the challenges facing global business. Those challenges include the continuing war against Ukraine and in the Middle East, in addition to others such as climate change and Artificial Intelligence. In this edition, our experts in Brazil explain the impact of AI on resolving disputes and why robots will not replace arbitrators anytime soon. Separately, our colleagues in the Netherlands describe how Dutch litigation is leading the way in making both governments and companies accountable for policies resulting in climate damage, and how this litigious trend is defending biodiversity. The case of the Sultan of Sulu and how the passage of time in arbitration agreements might affect the integrity of an arbitration clause is the topic of analysis by our experts in Paris. We also consider the envisaged changes to the 7th edition of the SIAC Rules, a hot off the press analysis of the recently published 2024 IBA Guidelines on Conflict of Interest in International Arbitration, and our 2024 UK Banking Disputes Report, amongst other topics. We hope that you will enjoy reading these articles and please do contact the authors if you have queries in relation to them.
19/07/2024
A healthy balance between novelty and sufficiency for a claimed therapeutic...
The question of novelty and sufficiency of second medical use claims in light of clinical trial prior art has been addressed by the EPO Boards of Appeal on a number of occasions. In recent decision T...
16/07/2024
Cross-border Financial Services 2024 webinar series
We're delighted to announce the launch of our third season of international webinars focusing on financial regulation, starting on 13 March 2024. Whether you are an in-house lawyer, compliance officer, financial analyst, risk manager, or any other professional concerned with maintaining the integrity of your organisation's financial practices, this series offers succinct 20-30 minute overviews of key industry trends and regulatory concerns across mul­tiple jur­is­dic­tions. If you have any additional topics that you would like us to add or address at one of the webinars, please contact us. Upcoming Webinars: 16 July: Handling a challenging ap­plic­a­tion  Your application for a licence, product approval or change in control is meeting with regulatory resistance.  How can you surmount these challenges?31 July: Dawn Raids  Un­an­nounced regulator visits are on the increase.  We look at what triggers a dawn raid, your rights if one happens, and how best to manage the consequences.4 September: Navigating the global ESG land­scape Is the regulatory reporting jigsaw puzzle causing more harm than good? We will provide an overview of the main cross-border issues impacting global financial institutions as they seek to manage ever expanding ESG regulations and discuss whether these rules are helping or hindering the action we need for change. The language of the webinar will be English.
15/07/2024
CMS European Private Equity Study 2024
We are pleased to share with you the 2024 edition of the CMS European Private Equity Study, a comprehensive analysis of hundreds of private equity deals CMS advised on across Europe in 2023 and previous...
12/07/2024
Energy and climate change: The most significant (marine) climate change...
Continuing the theme of a number of recent court judgment regarding state and party obligations concerning climate change issues, the International Tribunal for the Law of the Sea (“ITLOS”) has recently...
12/07/2024
EU’s AI Act published in Official Journal, transition periods now known
Following the adoption of the "Regulation laying down harmonised rules on Artificial Intelligence" (AI Act) by the European Parliament and the Council of the European Union, this act was published in...
12/07/2024
CMS Expert Guide to International Arbitration
We live in a connected global environment where the number and complexity of international transactions is ever increasing.  As a consequence, the policies and activities in one area of the world can...
11/07/2024
CMS European Private Equity Study 2024
Resilient deal activity and strategic growth amid economic challenges
11/07/2024
Space exploration: what goes up, must come down
BackgroundThe space economy is predicted to be worth a staggering $1.4 trillion by 2030.1 This exponential growth can be largely attributed to the new private “space race” dominated by the world’s...
11/07/2024
CMS Expert Guide to cannabis law and legislation
Why this guide? In recent years cannabis trade and related activity has developed into a growth business area. In the life sciences and healthcare fields, there have been increases in the numbers of patients...
10/07/2024
CMS Belgrade assists Austrian Rail Cargo Group in creation of joint venture...
Published on 10 July 2024CMS Belgrade has provided support to Rail Cargo Group (RCG), a freight subsidiary of ÖBB and one of Europe’s leading rail logistics providers, in negotiating a joint venture with minority shareholder Transfera, Serbia’s second-largest transport and logistics provider. RCG will own 51% and Transfera 49% of the new company, which will be headquartered in Belgrade. The joint venture will initially focus on developing intermodal logistics solutions, aiming to integrate Serbian railways into the European transport network and promote environmentally friendly transport solutions. This partnership follows the successful launch of the first freight train from the new intermodal terminal in Kruševac, Serbia, improving rail transport connections to Western Europe. The scope of CMS Belgrade's advice covered corporate law aspects, including review and amendment of transaction documents, as well as competition law aspects of the transaction in Serbia, Austria and Poland. The CMS Belgrade team was led by Marija Tešić, Partner (Corporate/M&A), and included Srđan Janković, Counsel (Competition), and Mila Drljević, Attorney-at-Law (Corporate/M&A). The transaction was also supported by Dieter Zandler, Partner (Competition) for the EU and Austrian competition law aspects, and the Polish team led by Malgorzata Urbanska, Partner (Competition), who provided merger control assistance in Poland.
09/07/2024
Understanding the FDI legal lands
At CEEntre Stage