Serbia has taken a significant step towards strengthening cyber resilience with the introduction of a new Information Security Law (the “Law”). Although Serbia is not an EU member, the Law aims to align with principles and core mechanisms of the NIS2 Directive, enhancing a safer and more reliable use of information and communication technologies (ICT) and creating a structured framework for managing ICT-related risks.

CMS has advised ALPLA on its acquisition of the closure production operations of Serbian manufacturer Energoplast in Belgrade. Markovic, Vukotic, Jovkovic advised Energoplast.

The General Court of the European Union recently issued a judgment in Latombe v. European Commission, dismissing the action for annulment of the European Commission’s Decision on the Adequate Level of Protection of Personal Data in the United States (“Adequacy Decision”). The Court thereby confirmed that, at the time of its adoption, the United States ensured an adequate level of protection for personal data transferred from the European Union to organizations in the U.S.

NKO Partners has advised Merkury Market on its acquisition of Erigone Beograd from Erigone Holding. Schoenherr reportedly advised Erigone Holding.

On 20 October 2025, in line with the EU's strategy to completely ban imports of Russian gas and oil, the Council of the EU adopted a proposal for a Regulation on phasing out Russian natural gas imports, improving monitoring of potential energy dependencies and amending Regulation (EU) 2017/1938 (the "Regulation").

Kinstellar has advised Conexio on the sale of a telecommunications infrastructure asset in Serbia to EXA Infrastructure.

Bondoc si Asociatii has advised the founders of Valoris Center on its full sale to Mplus. Popovici Nitu Stoica & Asociatii advised Mplus.

Imagine facing a massive iceberg as it rises from the ocean. What we see is only a small part of its size—the largest part, its true mass, is hidden beneath the surface.

Former Deloitte Legal Local Legal Partner Stefan Antonic has established Antonic and Partners and has joined KPMG Legal as a Partner.

On October 22, 2025, the Office of Foreign Assets Control of the United States Treasury ("OFAC") updated the Specially Designated Nationals ("SDN") list, which included LUKOIL OAO ("Lukoil") and 3 more of its subsidiaries, and in this way the USA extended sanctions to Lukoil as well.

ZSP Advokati has advised Erste Banka Srbija on its EUR 60 million financing for BIG CEE's BIG Residences project in Belgrade. Dentons and Stelios Americanos reportedly advised Erste Banka as well.

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.

As the region rounds the summer bend, Kinstellar Partner in Serbia Milan Samardzic, Avellum Managing Partner Mykola Stetsenko in Ukraine, and PwC Director and Head of Legal Practice in Georgia Vano Gogelia unpack what moved and why in terms of summer levels of activity, the macro and political levers at play, and what they expect to drive closings into year-end.

2025 may well be remembered as Year Zero for the Serbian telecommunications market – and with good reason.  It marked the acquisition and effective split of Serbia Broadband (SBB), the second-largest player in Serbia’s cable and broadband market, by Telekom Srbija (TS) and Yettel (e&/PPF Telecom Group).

Schoenherr, working with Linklaters, has advised Holcim Group on its EUR 1.85 billion acquisition of Xella.

Interim measures, whether imposed by state court or arbitral tribunal, play a critical role in arbitration, serving as a mechanism to preserve the rights of the parties and prevent irreparable harm before a final award is rendered. This series of articles seeks to provide a comprehensive analysis of the legal framework governing provisional measures in arbitration under the laws of the Republic of Serbia. It aims to examine the statutory basis, procedural conditions, jurisdictional aspects, and practical implications of granting such measures.

Stankovic & Partners has promoted Sara Pendjer, Mitar Simonovic, and Ivan Nikolic to Junior Partner.

On 9 October 2025, after the eight special licenses issued by OFAC to NIS AD Novi Sad (NIS) and JANAF, the US sanctions against the Serbian oil company NIS in the majority ownership of Russian Gazprom Group have started to fully apply.