Walking the Fine Line – Processing Employees Data During COVID-19 Pandemic
Karanovic & Partners, August 2020

This Article was originally published in Issue 7.5 of the CEE Legal Matters Magazine.  Companies around the globe are having to make urgent decisions to keep their employees safe and ensure business continuity in the midst of the COVID-19 outbreak. In order to fulfil these goals, companies need to find the right balance between providing a safe working environment and respecting their employees’ privacy, which can prove to be quite difficult in practice...

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New COVID-19 State Guarantee Scheme for EUR 2 Billion Loan
Karanovic & Partners, April 2020

As part of a package of economic measures worth EUR 5.1 billion, the Serbian Government adopted a decree on 16 April 2020 establishing a guarantee scheme for loans to be provided by local banks to businesses to reduce the effects of the COVID-19 pandemic (the “COVID-19 Guarantee Scheme”). General Information on the Guarantee Scheme COVID-19 Guarantee Scheme provides for a framework under which the state will act as a guarantor for the benefit of Serbian banks that extend loans for liquidity financing and working capital to businesses during 2020 to deal with negative economic and financial consequences of the COVID-19 pandemic...

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Debt Securities - Serbia Changes Rules for the Issuance of Debt Securities
Karanovic & Partners, April 2020

The Government of Serbia adopted the Regulation on the Procedure for Issuance of Debt Securities (“Regulation”). This is one of the economic measures presented to reduce the negative effects caused by the COVID-19 pandemic and an attempt to support the economy of Serbia. The Regulation entered into the force on 10 April 2020. The Regulation introduces certain changes regarding debt securities’ issuance – with the intention to simplify this process...

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State Aid: Serbian Government Issues Regulations for Mitigation of COVID 19 Outbreak
Karanovic & Partners, April 2020

Following the announcement of economic measures aimed towards responding to the COVID-19 outbreak, the Serbian Government issued two regulations on 10 April 2020 that determine the conditions and criteria for compliance of the state aid (i) for remedying the negative effects caused byCOVID-19 and (ii) for remedying a serious disturbance in the economy caused byCOVID-19, whereas both regulations will be valid until 1 July 2021. The two regulations provide clear-cut rules on the types of state aid allowed, instruments for such aid, and the thresholds that need to be met in order for the aid to be compatible with the State Aid Law...

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Serbia Adopts Tax and Financial Regulation to Help the Economy During the COVID-19 Outbreak
Karanovic & Partners, April 2020

The Government of Serbia adoptedthe Regulation on Fiscal Benefits and Direct Aid to Private Sector Entities and Financial Aid to Citizens to Mitigate the Economic Impact ofCOVID-19 (“Regulation”) on 10 April 2020, ten days after the announcement of the proposalof the Program of economic measures aimedat reducing the negative effects caused by the COVID-19 pandemic. The Regulation provides tax benefits and direct payments to private sector companies...

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