ESG Reporting: A Global Imperative

ESG (Environmental, Social, and Governance) reporting has evolved into one of the key components in achieving corporate well-being due to its impact on the companies themselves and all stakeholders. In addition to the financial report, companies are expected to...

Carbon Border Adjustment Mechanism

In May 2023, the European Parliament and Council adopted Regulation (EU) 2023/956 establishing a carbon border adjustment mechanism (hereinafter “CBAM” or the “CBAM Regulation”). CBAM is designed to apply the same carbon costs to imported products as would be incurred...

Amendments to the Energy Law

The latest amendments to the Energy Law (hereinafter the “Law”), published in the Official Gazette of RoS no. 62/23, primarily focus on a clear unbundling i.e. independence of transmission system operators from generator and supplier of electricity and/or gas, whose...

Amendment of Rules regarding Residence and Work of Foreigners

The National Assembly of Republic of Serbia adopted the amendments to the Law on Foreign Nationals (LFN) and amendments to the Foreign Nationals Employment Act (FNEA) on 26 July 2023. The most significant change introduced by the amendments to the two above mentioned...