GDPR Compliance Process for Health Care Providers

GDPR Compliance Process for Health Care Providers

Confidentiality is a key aspect of health care provision, and health professionals must take extraordinary care in order to protect their patient’s privacy.
GDPR introduces significantly stricter general rules for personal data processing in comparison to the previous ones and its extraterritorial application for non-EU data controllers in cases which we previously wrote about. The strictest data processing rules relate to personal data concerning health, i.e. related to physical or mental health of a natural person, including the provision of health services, which reveal information about one’s health status.

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Revealing the Beneficial Owners – More Transparency or More Bureaucracy?

Revealing the Beneficial Owners – More Transparency or More Bureaucracy?

The Act on Centralized Record of Beneficial owners (hereinafter the “Act”), came into force on June 8, 2018. This is just one of the measures taken by Serbian authorities in order to enhance transparency of business in Serbia. The Act was enacted only a few months after Serbia was identified as a jurisdiction that has strategic anti-money laundering/combating the financing of terrorism deficiencies by the Financial Action Task Force – an inter-governmental body with the objective to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.

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What to amend in the Amendments to the Foreign Exchange Operations Act in Serbia?

What to amend in the Amendments to the Foreign Exchange Operations Act in Serbia?

The National Assembly of the Republic of Serbia has on 20 April 2018 adopted amendments to the Foreign Exchange Operations Act (“FEXO”) in order to meet the requirements stemming from the Stabilization and Association Agreement (SAA) with the European Union. These provisions, now allow, amongst other things, for the free movement of capital related to portfolio investments and short-term finance loans and credits.

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Acquiring Real Estate in Serbia by Foreign Natural and Legal Persons – Easier Said than Done?

Acquiring Real Estate in Serbia by Foreign Natural and Legal Persons – Easier Said than Done?

Although Serbian Constitution introduces the general principle of equality between Serbian nationals and foreigners, in certain domains it allows for this proclaimed equality to be limited through laws. That said, one of the rights that foreign legal and natural persons can only enjoy to a limited extent pertains to the possibility of acquiring real estate in Serbia, an issue which is increasingly gaining prominence. Whereas the conditions for natural persons that will not perform a business activity to acquire real estate are quite transparent and easy to understand, the situation for those who will, and for legal persons is rather vague, and to a large extent still represents a legal void.

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QR Code Payment System in Serbia

QR Code Payment System in Serbia

Over the last few years, QR codes have become a popular payment system, used in everyday life all around the world.  As their name implies QR – Quick Response codes, allow their customers to effect payments quickly, using only their smartphones or tablets.  Following this global trend, National Bank of Serbia („NBS”), initiated a procedure of implementation of this payment system in Serbia.

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Extraterritorial Application of GDPR – Should You Be Ready for May 25?

Extraterritorial Application of GDPR – Should You Be Ready for May 25?

EU’s General Data Protection Regulative (GDPR) comes into force on May 25.

As many EU-based personal data handlers count down the days until GDPR becomes effective hoping for the best, a burning question for non-EU personal data handlers remains – ‘does GDPR apply to my business or not’?
The stakes are pretty high, bearing in mind the draconian punishments GDPR prescribes for the breach of its provisions. That is why figuring out its extraterritorial application is crucial for non-EU entities.

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SOG Law Firm Held a Lecture on NPL Transactions

SOG Law Firm Held a Lecture on NPL Transactions

On Wednesday, April 25, Miloš Velimirović, Partner and Ivan Nikolić, Senior Associate of SOG Law Firm held a lecture on NPL transactions at the Belgrade University, Faculty of Law.

Our lawyers shared their knowledge and practical experience in solving problems in NPL transactions. General overview of NPLs, with special emphasis on transaction management – purchase of an NPL portfolio, was presented through various case studies.

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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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