Exploring Startup Investment Options: A Guide for Entrepreneurs

As the startup ecosystem continues to flourish, entrepreneurs face the crucial task of securing funding to bring their innovative ideas to life. At Cvjetićanin & Partners, we understand the complexities of navigating the investment landscape and are here to guide you through the different types of investing options available for startups. Whether you’re considering crowdfunding,Array

UNVEILING “VESTING OF SHARES” AS STARTUPS PRIME TOOL FOR RETAINING TOP TALENS

In this article we are introducing the basics of vesting. This is the process by  which an employee, founder, or other stakeholder gains full ownership of their stock options or equity over a predefined period or upon meeting specific milestones. The mechanism is commonly used in startups and corporations to incentivize long-term commitment and performance.Array

STUDENTSKA PRAKSA U ADVOKATSKOJ KANCELARIJI CVJETIĆANIN & PARTNERI

Advokatska kancelarija Cvjetićanin & Partneri poziva zainteresovane studente  završnih godina osnovnih akademskih studija da se prijave za učešće u letnjoj studentskoj praksi. Polaznici će biti u mogućnosti da učestvuju u radu kancelarije koja se pretežno bavi zaštitom intelektualne svojine, zaštitom podataka o ličnosti i privrednim pravom. Praksa će trajati dve nedelje, po četiri sata dnevnoArray

MISUSE OF PERSONAL DATA AND LIABILITY FOR COMPENSATION OF NON MATERIAL DAMAGE

Addressing the nexus between the General Data Protection Regulation (GDPR) and compensation claims, this recent judgment by the Court of Justice of the European Union (CJEU) delves into the ramifications of personal data breaches and the associated legal implications. Background In 2019, media reports unveiled a breach in the IT system of the Bulgarian authorityArray

DID YOU KNOW? GENDER EQUALITY MEASURES ARE FULLY EFFECTIVE

In order to comply its business operations with the new Gender Equality Act, employers with over 50 employees are required to take the following measures: Appoint of a person responsible for gender equality; To file a record of Gender Equality Data and to file Annual Report on Gender Equality to the Ministry for Human andArray

NEW LEGISLATIVE SOLUTION TO PREVENT SPAMMING, “DO NOT CALL” REGISTER

In mid-September of 2021, a new Consumer Protection Law was enacted is Serbia, introducing a series of inovative solutions, some of which are designed to address the long-standing/decades-old issue of digital and telephonic harassment. Namely, the Law introduces a new register called “Do Not Call and Do Not Send Messages,” which is intended to finally preventArray

Electronic cigarettes regulated by the new amendments to the Tobacco Law

Recently, new Amendments to the Tobacco Law were enacted, introducing significant changes to the regulation of the production, distribution, and consumption of tobacco and related products. In this digest, you can find Key Points of these Amendments: New Category The new law encompasses the increasingly prevalent category of electronic cigarettes, or related products, with orArray

President Biden has issued Executive Order establishing guidelines for the development of AI, abandoning the “laissez faire” approach

The US leadership has preferred so far the “laissez faire” approach concetning AI, leaving the market to introduce its own self-regulatory principles. This approach gives too much power to the courts and the US administration. This order, on the other hand, mandates that developers of AI systems must share safety test results and essential informationArray

China’s soft regulatory approach aimed to provide impetus for investments!!!

On the 15th of August in the year 2023, China enacted a novel legal framework designed to regulate generative AI. This legislation, representing the latest in a series of regulatory endeavors targeting diverse facets of AI, stands out as an internationally pioneering initiative, for it singularly addresses the domain of generative AI. This legal enactmentArray

Attorneys from the Cvjetićanin&partners law office will hold a lecture on “Employment and residence of foreigners in Serbia” – new legal regulations

Attorneys Nenad Cvjetićanin and Milica Čučković will hold a lecture on “Employment and residence of foreigners in Serbia”. The lecture concerns the new Law on Amendments to the Law on Foreigners and the Law on Employment of Foreigners. The proposed changes have been adopted by the Government of the Republic of Serbia, and it isArray

Attorneys from the Cvjetićanin&partners law office will hold a lecture on “Employment and residence of foreigners in Serbia” – new legal regulations

Attorneys Nenad Cvjetićanin and Milica Čučković will hold a lecture on “Employment and residence of foreigners in Serbia”. The lecture concerns the new Law on Amendments to the Law on Foreigners and the Law on Employment of Foreigners. The proposed changes have been adopted by the Government of the Republic of Serbia, and it isArray

THE “ABCs” FOR RUSSIAN CITIZENS MOVING TO SERBIA

In the previous couple of months, the number of Russian citizens applying for temporary residence permits in Serbia is significantly increasing. Competent bodies are overburdened with requests filed on different bases. More often than not, the domestic employers of the Russian citizens are handling these procedures that can be tiresome, complicated, and bureaucratic. In oneArray

FOREIGNERS IN SERBIA – WHAT YOU NEED TO KNOW BEFORE COMING TO SERBIA

In the context of immigration regulations, a foreigner is any person who does not hold citizenship of the Republic of Serbia. Foreigners can enter and stay in the Republic of Serbia with a valid travel document containing a visa or a residence permit previously issued by a competent body in the Republic of Serbia. InArray

CARTA SERBICA-new repatriation initiative introduced by Serbian government

New repatriation program -CARTA SERBICA has been recently introduced allowing people with Serbian roots to obtain temporary residence and possible citizenship in the land of their ancestors. Carta Serbica program was established on the basis of amendments to the Regulation on the criteria for determining the categories of foreigners who can be granted temporary residenceArray

Junior Associate Attorney

Junior Associate Attorney (full-time) We are searching for a tenacious, perceptive Associate Attorney to assist with managing a diverse portfolio of cases. The Associate Attorney’s responsibilities include meeting with clients to ascertain their needs, choosing the most appropriate course of action, and representing clients’ interests at meetings and in court. During the process, you willArray

Cvjeticanin & Partners Advises KOTRA on Serbian Labor Law Implementation

Cvjeticanin & Partners has advised the Korea Trade-Investment Promotion Agency on its implementation of Serbian labor law regarding collective and individual legal acts. “KOTRA has been established in Serbia as a diplomatic mission of the Republic of Korea since 2015. You can find out more information following the link. 

Visit of the President of AEA INTERNATIONAL LAWYERS NETWORK

Last week we hosted the President of the AEA INTERNATIONAL LAWYERS NETWORK, Pedro Beltan. The AEA-ASOCIACIÓN EUROPEA DE ABOGADOS also called AEA INTERNATIONAL LAWYERS NETWORK was created in January 2004. The AEA members have offices in the majority of the independent countries of the world (UN members) and present the largest network of lawyers in the world. Its members coverArray

TRADE SECRETS ARE THE KEY TO THE SUCCESS OF DIGITAL COMPANIES

Nenad Cvjetićanin, Managing Partner at the Cvjetićanin&Partners Law Firm gave an interview to a prestigious digital bussiness magazine “Diplomacy and Commerce” and talked about trade secrets and the success of digital companies. In addition to numerous advantages, digitalization has brought certain risks that companies and individuals have to face, and these are mainly related toArray

New sets of Standard Contractual Clauses (SCCs)

            On 4th June 2021 the European Commission issued two new sets of standard contractual clauses (SCCs). As it is well known, these contractual clauses serve to ensure appropriate data protection safeguards for data processing and data transfers. As the SCCs adopted under the previous Data Protection Directive 95/46 became obsolete, European Commission issued modernisedArray

PLATFORM-TO-BUSINESS (P2B) REGULATION

The Platform-to-Business (P2B) Regulation 2019/1150 on promoting fairness and transparency for business users of online intermediation services, known as the Platform-to-Business (P2B) Regulation, is applicable from 12th July, 2020, allacross the Eurepean Union. Ratio legis of Platform-to-Business (P2B) Regulation Todayit is almost impossible to imagine an online market without the world-famous paltform based companies suchArray

A FINE OF NEARLY 300.000,00 EUR FOR VIOLATION OF GDPR IN HUNGARY

A fine of HUF 100 million (almost EUR 300.000,00) has been imposed in our neighboring country for violating the provisions of the General Data Protection Regulation (hereinafter: GDPR). The Hungarian Data Protection Authority fined the company named DIGI Távközlési és Szolgáltató Kft (hereinafter: DIGI) for personal data breach. WHAT HAPPEND? Recently, an ethical hacker (alsoArray

Law office Cvjetićanin&Partners of counsil appointed arbiter with the Domain Name Dispute Resolution Committee

The Chamber of Commerce and Industry of Serbia has, upon the proposal of the Serbian National Internet Domain Registry (RNIDS), a private not-for-profit foundation that manages Serbian country-code top-level (ccTLD) internet domains, .RS and .СРБ (the Cyrillic ccTLD internet domain), established the List of  Arbiters of the Committee for the Resolution of Disputes Relating toArray

Financial incentives provided by republic of Serbia

LAW OFFICE CVJETICANIN&PARTNERS In addition to existing benefits such as its strategic geographic location, duty-free exports to the countries of Southeast Europe and Russia, one of the lowest corporate tax rate in Europe of 15% and an educated and experienced workforce available at a competitive cost, Serbia offers financial support to investors. The funds mayArray

Company types provided by Serbian legislation

Law office Cvjeticanin&Partners presents summary of company types Foreign investors can conduct business as an entrepreneur or found a company in the form of: Joint Stock Company (a.d.), Limited Liability Company (d.o.o.), Limited Partnership (k.d.), General Partnership (o.d.). The most common company type is a Limited Liability Company, which requires merely RSD 100 for incorporation.Array

Amendments to the Company Law Adopted

The National Assembly of the Republic of Serbia has adopted the Law on the Amendments to the Company Law (hereinafter: the Law) on June 8, 2018. The Law was published in the “Official Gazette of the Republic of Serbia”, No. 44/2018 on the same day. According to its provisions, the Law’s entry into force occurs gradually,Array

Groundbreaking case

The question of punitive damages (multiplied royalty fees in case of intentional IP infringement) to be a controversial question not only in Serbia, but across the Europe. Cvjeticanin@partners law firm represented a trademark holder in a complex legal proceeding based on a trademark infringement, involving also a related typo-squatting case previously ended in favor ofArray