Gecic Law, working with Shibolet & Co, has advised the Paskal Group on "the successful submission of the first CBAM reports from Israel in accordance with the EU’s new Carbon Border Adjustment Mechanism Regulation."
The project was part of a larger collaboration, according to the firm, that supported Israeli aluminum, steel, and iron exporters in "addressing the challenges of a new era in environmental accountability."
The Paskal Group is a greenhouse accessories and solutions company.
According to Gecic Law, the importers "successfully submitted their first CBAM reports, covering the fourth quarter of 2023, by the January 31, 2024, deadline. The firms will now be able to offer regular quarterly reports, with a significant shift to start in January 2026. From then on, payments for actual greenhouse gas emissions of imported goods into Europe will begin."
The Gecic Law team included Counsel Branko Gabric and Associates Nikola Ivkovic and Vasilije Boskovic.