Summer Internship at SOG / Samardžić, Oreški & Grbović

Summer Internship at SOG / Samardžić, Oreški & Grbović

SOG law firm, in cooperation with the Faculty of Law of the University of Belgrade is pleased to announce a competition for Summer Internship.

The selection of candidates will be based on the following criteria:
– Students of the fourth year or graduates of the Faculty of Law of the University of Belgrade.
– Advanced English language skills.
– Excellent knowledge of computer work (Internet, MS Office)

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LEGAL 500 Recommends SOG Law Firm

LEGAL 500 Recommends SOG Law Firm

SOG law firm has been ranked as one of the leading law firms in Serbia, by one of the largest legal referral guide LEGAL 500. SOG law firm is recommended in the following five practice areas: banking and finance, commercial, corporate and M&A, dispute resolution, employment, real estate and construction.
We are proud of our achievement, but even more delighted with the continuous trust of our clients and are thankful for all kind words about our practice and partners.

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Serbia in Crypto World – Where Does Serbia Rank on the Map of Crypto-Friendly Jurisdictions?

Serbia in Crypto World – Where Does Serbia Rank on the Map of Crypto-Friendly Jurisdictions?

The legal nature of crypto-currencies is one of the key burning issues in today’s industry. Nowadays, more and more jurisdictions are regulating the use of crypto-currencies by classifying them either as a commodity, currency or something else (e.g. Germany classified crypto-currencies as “unit of account”). With that in mind, where does Serbia stand in the new crypto-world?

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Amendments to the Act on Terms of Payment in Commercial Transactions – Leveling the Field Between Public and Private Sectors

Amendments to the Act on Terms of Payment in Commercial Transactions – Leveling the Field Between Public and Private Sectors

In order to speed up turnover of funds in the Serbian economy, the Serbian parliament enacted a piece of legislation in 2012 regulating the terms of payment in commercial transactions, including ones in which public sector entities are debtors, and regulating the public sector’s obligation to register the received invoices – the Act on Terms of Payment in Commercial Transactions (the “Act”).

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Tapping the Potential of Serbia’s Creative Industry

Tapping the Potential of Serbia’s Creative Industry

This year should mark systematic and strategic investments into Serbia’s creative industry – this is one of the conclusions from this year’s conference ‘Creative Serbia: The future is creative’, which took place on 13 March 2018. The conference gathered some of the most prominent names in business, education and politics, as well as the participants employed in creative industry or struggling to create their own product and sell it.

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Chambers & Partners recommends SOG

Chambers & Partners recommends SOG

Once again our firm has been recognized as one of the leading law firms in Serbia, bythe world’s largest legal directory Chambers and Partners. We are particularly ranked for the following practices: Commercial, corporate and M&A, Employment and Dispute resolution.

We are also honored to announce that our partner Milan Samardžić has been ranked among other prominent leading individuals in the field of Commercial, corporate and M&A.

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SOG Supports X Belgrade Arbitration Conference and XI Belgrade Open Pre-Moot Competition

SOG Supports X Belgrade Arbitration Conference and XI Belgrade Open Pre-Moot Competition

As every year in spring, SOG Law Firm supports the Belgrade Arbitration conference organized by the University of Belgrade, Faculty of Law, which will take place on March 16, 2018. The conference will gather a number of prominent international experts, who will speak about various arbitration topics, with a focus on recent developments, trends and new challenges.

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Cross-Regional Power Exchange in Central and Southeastern Europe

Cross-Regional Power Exchange in Central and Southeastern Europe

In February 2018, the Hungarian Power Exchange (HUPX) and the Serbian South East European Power Exchange (SEEPEX), the Hungarian transmission system operator MAVIR, the Serbian transmission system operator EMS, as well as the European Power Exchange EPEX SPOT signed a Memorandum of Understanding (the “MOU”) to establish a cross-regional power exchange in the Central and Southeastern European region.

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Belgrade’s Appellate Court Finds Provision on Fee for Loan Administration Null and Void

Belgrade’s Appellate Court Finds Provision on Fee for Loan Administration Null and Void

By way of Judgment no. Gž 5061/2017 dated 17 December 2017, Belgrade’s Appellate Court made a significant ruling declaring the provision on the fee for administration of the loan (which is a very common provision in most loan agreements and is usually designated as a percentage of the amount of the loan), null and void. Namely, according to the court’s opinion, the null and void provision does not sufficiently specify why the fee is related to the amount of the loan and which real costs are reflected in such fee. The mechanism on determination of the fee is not transparent to the borrowers, so the bank can unilaterally determine it, especially having in mind that loan agreements are negotiable only to a limited extent.

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10, 5 billion EUR investment needed for EU’s Chapter 27

10, 5 billion EUR investment needed for EU’s Chapter 27

Closing of Chapter 27: Environment is one of the most difficult and expensive challenges Serbia faces on its EU accession path.
The rough estimate is that the fulfillment of obligations arising out of the Chapter 27 will cost the astounding 10, 5 billion EUR. At the end of 2016, Serbia established the Green Fund, a new budgetary line which will serve solely for implementation of environmental projects and is funded by various environmental taxes, donations and loans. The Green Fund itself will not be nearly enough to cover the necessary investments – Serbia largely relies on EU’s financial help in order to fulfill its obligations on the long and difficult Chapter 27 journey, but the engagement of private sector will, for sure, be of great importance.

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