Greece Adopts the Long-awaited Law Implementing the 4th EU Anti-Money Laundering Directive

Greek Law 4557/2018, published on 30 July 2018, implements Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. Highlights of the new law include: a number of modifications relating to the areas of risk based approach; ongoing monitoring; beneficial ownership; customer due diligence; and politically exposed persons. To learn more, please download the summary of these main features, prepared by SEE Legal’s Greek member KG Law Firm.

Availability of Domain Name Holders' Data in Europe Limited to a Minimum?

BDK Advokati discuss a recent desion of the German Regional Court and its possible implications. In a decision based directly on the GDPR, a German court recently prohibited collection of broad categories of personal data during the process of registration of internet domain names. If the decision portends the way in which courts in Europe will handle the issue, availability of the data regarding the holders of internet domain names will in the future be limited to a minimum. A German Regional Court (Landgericht) in Bonn delivered the ruling on 29 May 2018 in the dispute between ICANN (Internet…

BDK Advokati Contribute to Getting the Deal Through: Telecoms and Media

BDK Advokati gave overview of the Serbian regulatory framework concerning telecoms and media in Getting the Deal Through: Telecoms and Media. The analysis was authored by Bogdan Ivanisevic, Pablo Perez Laya and Zorana Brujic. Telecoms In the summary of the regulatory framework for the telecoms sector in Serbia, the authors focused on the Electronic Communications Act as the key piece of legislation. They explained the institutional structure and competencies of relevant state bodies, including: the Government of Serbia, the Ministry in charge of the telecommunication and information society…

KDK Discusses Turkey-specific Information on Confidentiality

KDK's attorneys Bihter Bozbay and Yasemin Guctekin discuss Turkey-specific information on confidentiality in an article, published by Practical Law. To read the article, please download it here.

The long-awaited reform of the Greek Law on Sociétés Anonymes

It has been common ground that the legislative framework on sociétés anonymes (SAs) originally legislated back in 1920, has been, despite the various reforms since then, to some extent dysfunctional and “old-fashioned”. The limited and fragmental reform to the C.L. 2190/1920 in 2007 through Law 3604/2007 as well as a number of other amendments effected mainly for the purposes of transposing into the Greek jurisdiction company law related EU Directives were not proven sufficient to redress the above. Law 4548/2018, which was passed by the Hellenic Parliament on June 13, 2018 and was published…

Greek Law 4541/2018 brings changes to the legal framework of Limited Liability Companies

By virtue of Law 4541/2018, which has recently passed by the Greek Parliament and was entered into force upon its publication in the Government Gazette on 31.05.2018 (Bulletin A' 93), a number of significant changes are introduced in Law 3190/1955 on Limited Liability Companies (“L.L.C.”). KG Law Firm has prepared a summary of the most important amendments that the new law brings into the legal regime of L.L.C., which can be downloaded here.

Polenak Law Firm Contributed to the Macedonian Chapter on Mergers & Acquisitions 2018, 7th edition published by Global Legal Group

Kristijan Polenak, Managing Partner and Tatjana Shishkovska, Junior Partner at Polenak Law Firm Co-Authored the Macedonian Chapter on Mergers & Acquisitions 2018, 7th edition published by Global Legal Group. The full chapter including overview of the legal framework, significant deals and highlights in the Republic of Macedonia, key developments, industry sector focus and a perspective on the year ahead for the country is available for download at Mergers & Acquisitions 2018_Global Legal Group.

Shareholder Activism in Turkey

Shareholder activism is not a well-developed concept in Turkish law. Companies usually do not face activist movements as the majority of the companies are family-controlled entities and market players are not as aggressive as players in other countries. Examples of shareholder activism in Turkey are therefore very limited. It may become more prevalent if the investment climate in Turkey becomes more structured. The article by Gokce Ildiri in Yasemin Guctekin of Kolcuoglu Demirkan Kocakli law firm was published by Practical Law and can be read here.

Bogdan Ivanisevic and Zorana Brujic of BDK Advokati published in ECTA Daily

Bogdan Ivanisevic, partner and head of BDK's Intellectual Property practice, and Zorana Brujic, associate, authored an article on proving bad faith in trademark cases, for ECTA Daily, a bulletin published during ECTA's 37th Annual Conference held in Athens from 13-16 June 2018. In their article, Bogdan and Zorana analyzed the criteria laid down by the E.U. Court of Justice and the General Court for establishing bad faith, including non-use of the trademark by the registrant, existence of a previous relationship with the claimant, wide use of the sign by the claimant in the relevant territory,…

Greek draft law for the transposition of Insurance Distribution Directive published

The much awaited draft law for the transposition of the Directive 2016/97 on insurance distribution (the “IDD”) has been published for consultation on June 21. The consultation period lapses on June 29, given that on July 1st all EU Member States must have their local legal frameworks transposing the IDD in place. Although the bill is still subject to amendments when brought before the Parliament, preliminary conclusions may be drawn with respect to some likely changes it brings for the insurance industry. Read more in this release of KG Law firm.

Article on participation of private investors in development of infrastructure in Serbia

Partner of BDK Advokati Milan Dakic wrote an interesting piece on the statutory possibilities for private investors to actively participate in the development of public infrastructure such as roads, electricity or sewerage networks outside of PPP and public procurement frameworks. Such public-private cooperation can be regulated by an agreement between an investor and a local municipality. Read full article here.

BDK Advokati authors Serbia chapter in 'Copyright 2018' (Chambers & Partners)

BDK Advokati has contributed a Serbia chapter to Copyright 2018, one of the Chambers and Partners Global Practice Guides. The copyright guide includes thirteen country-specific chapters and offers a comprehensive overview of the developments in the constantly evolving field of copyright. The guide aims at providing copyright practitioners with some initial tools to deal with the copyright-related issues. Other contributors include Baker McKenzie (London), Graf & Pitkowitz Rechtsanwälte, LGV Avvocati, Pearl Cohen Zedek Latzer Baratz, and Weil, Gotshal & Manges LLP. Bogdan Ivanisevic, partner,…