The Serbian financial sector is undergoing significant changes, with recent and upcoming legislative reforms set to reshape its landscape. The Payment Services Law, adopted on July 31, 2024, introduces key regulatory updates aimed at modernizing payment systems and aligning them with European standards. Additionally, amendments to the Banking Law and the new Financial Consumer Protection Law are expected to be adopted soon, further strengthening the regulatory framework. Together, these changes are expected to have a profound impact on market participants, from traditional banks to fintech companies, as well as consumers, who stand to benefit from enhanced protections and greater transparency.

By the spring of 2025, Serbia will likely have a new cybersecurity law. The law is aimed at bringing the national legal framework in line with that in Europe as expressed in the NIS2 Directive (2022). The draft law that passed the process of the public consultation in 2023 and underwent minor additional changes in 2024 (Draft Law) nevertheless differs from NIS2 in certain important aspects.

On June 3, 2023, CEE Legal Matters reported that CMS helped Global Biomet obtain a license for a photovoltaic plant in its portfolio – the 100-megawatt AC capacity Aratiden project – before the Bulgarian State Energy and Water Regulatory Commission. With it now successfully completed, CMS Sofia Partner Kostadin Sirleshtov reflects on the project.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Over the past five years, I have had the privilege of serving as a legal manager for clients across diverse industries, providing me with a unique perspective on the evolution of legal technology and the broader digital transformation within the legal sector. While it is true that the legal profession tends to be a late adopter of new technologies due to its inherent conservatism, I see a significant and positive shift in recent years.

In our Looking In series, we talk to Partners from outside CEE who are keeping an eye on the region (and often pop up in our deal ticker) to learn how they perceive CEE markets and their evolution. For this issue, we sat down with Marc van Campen, Partner at Van Campen Liem in Amsterdam.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With industry-specific software emerging left and right, the legal industry was not left behind. To explore some of the trends in this regard, we asked: What are some of the specific legal tech platforms you use?

Nazali Tax & Legal Managing Partner Ersin Nazali and Kinstellar Managing Associate and Head of Employment Kristina Pavlovic talk about their firms’ summer internship programs – the crucial bridge between academic learning and practical experience for law students.

Once known for its financial turbulence, the Greek economy is showing strong growth. Bahas, Gramatidis & Partners Managing Partner Marios Bahas and Drakopoulos Partner Mika Lalaouni discuss key sectors and major drivers of the turnaround.

An in-depth look at George Zohios of AKL Law Firm covering his career path, education, and top projects as a lawyer as well as a few insights about him as a manager at work and as a person outside the office.

Over the past years, Slovenian businesses have increasingly turned their attention to the Western Balkans, identifying the region as a promising hub for investment and expansion. Ketler & Partners Partner Kevin Rihtar, Kavcic, Bracun & Partners Managing Partner Matej Kavcic, MP Law Partner Marko Prusnik, and Senica & Partners Managing Partner Katarina Kresal discuss key sectors of interest and examine the strategic advantages the Western Balkans offer to Slovenian enterprises.

Despite the strength of domestic law firms in Slovenia, not a great number of major local players have engaged in direct expansions across the region. Senica & Partners Managing Partner Uros Cop and Kavcic, Bracun & Partners Managing Partner Simon Bracun explore the reasons behind this trend, examine attempts at regional alliances, and identify recent developments that may incentivize firms to pursue regional expansion.

In the Inside Track, General Counsels across CEE share the nuances of their roles, challenges, and strategies for success. As summer is a time to unwind, we asked: With summer here, what is your one favorite yearly activity to disconnect and switch off?

As Pfizer’s Legal Director overseeing Greece, Cyprus, Malta, and Israel, Stathis Mihos explores EU health policy advancements and the complexities arising from the pandemic and examines how artificial intelligence is dynamically influencing lawyers’ work.

Overseeing diverse sectors across multiple countries, Petrol Group Director of Legal Affairs Mojca Logar discusses the challenges and strategies in managing the group’s legal affairs and navigating complex regulatory landscapes, while emphasizing internal legal expertise and collaborating with external firms for specialized projects and new legislation.

Greece’s vibrant life sciences sector is supported by a robust regulatory framework and expanding investment opportunities. In the following paragraphs, we will examine key aspects of product liability, intellectual property (IP), artificial intelligence (AI), and investment potential within the Greek life sciences landscape, highlighting the laws and regulations that shape the industry.

Following extensive discussions between industry stakeholders and state institutions, several crucial solutions have been identified to address the problems of drug availability and monitoring control. The primary aim is to ensure wider and faster access to medicinal products for patients in Latvia.

Digitization is affecting many sectors and healthcare is no exception. It is a key tool for speeding up and streamlining processes that can significantly improve the quality and availability of medical care. In the Czech Republic, the overall level of digitization in healthcare is still low.