Company Liquidation in Serbia (and why compulsory liquidation is not a good idea)
Company Liquidation in Serbia: Voluntary and Compulsory 2026 | Zunic Law Updated: April 2026 | Next review: October 2026 Thousands of companies are incorporated in Serbia every year, but a significant number also cease to exist through bankruptcy proceedings, liquidation, or structural changes. A business can also be exited through the sale of an existing […]
Letter of Intent in M&A: What It Really Decides Before the Deal Is Done
Updated: April 2026 | Next review: November 2026 I have watched deals fall apart in the SPA phase over disagreements that were already present at the term-sheet stage. Nobody flagged them. Both sides assumed the other had the same thing in mind. By the time it became clear they did not, due diligence was running, […]
EBITDA in M&A: What Buyers and Sellers Need to Know
What does EBIDTA mean? EBITDA (short for Earnings Before Interest, Taxes, Depreciation and Amortisation) is one of the go-to numbers dealmakers reach for when a company is being valued for a sale of shares, merger, acquisition, or investment. Why is EBITDA so important for M&A? EBITDA strips out factors that can blur […]
Share Purchase Agreement: Fix Reps, Warranties and Indemnity Clauses Before Signing
The legal framework governing obligations and contract law in Serbia, as is typical for jurisdictions grounded in the civil law tradition, provides buyers of a company’s shares with a certain baseline level of statutory protection. However, in the context of modern M&A transactions, these default rules are not designed for complex corporate transactions and are […]
Tax Incentives for Innovative Startups in Serbia in the Upcoming Years
Updated: March 2026 | Next review: October 2026 A founder of an innovative startup in Serbia can receive a salary for the first three years without paying a single dinar in income tax or social security contributions. Not a reduction. Not a deferral. A complete exemption. Few destinations in the region offer this level of […]
How to Build an AI Policy: Risks, Rules, and Best Practices for Companies
In most industries, artificial intelligence is becoming a standard part of operations and decision-making. Even if a company does not “formally” develop or use AI, it is likely that certain forms of AI are already in use, through ChatGPT, automated decision-making, predictive tools, or related technologies. As AI becomes more deeply integrated into processes, risks […]
Responsible AI Governance: How to Maximize ROI and Minimize Risk
At the start of 2023, the industry witnessed two telling incidents: Samsung employees entered confidential code and meeting notes into ChatGPT, and the same tool was used to process patient names and diagnoses in preparing correspondence for an insurance company, immediately raising HIPAA compliance concerns. These cases highlight the urgent need for strict data governance […]
Artificial Intelligence Law in Serbia: Overview of Legal Requirements
The world has been rapidly changing during recent years, and the artificial intelligence (AI) revolution has been contributing to the establishment of new foundations upon which humanity will develop and exist in the future. The use of AI systems facilitates and accelerates task performance, increases efficiency, and transforms economic functioning, enabling scientific advancement and social […]
Deepfake Threat and Ineffective Regulation
Artificial intelligence brings tangible benefits, increases productivity, enables new models of innovation, and facilitates everyday processes. However, progress is accompanied by serious risks: bias, disinformation, manipulation, identity theft, fraud, lack of transparency, dependency, and dehumanization. Within this spectrum, deepfake technology stands out for the intensity and scope of harm it can cause, requiring responsible and […]
AI Literacy Requirements: What Companies Must Know
Employees across sectors and industries increasingly use AI tools to accelerate work, often informally and without established rules. This widespread yet largely unregulated practice generates tangible operational, ethical, and legal risks that organizations must identify and mitigate. AI literacy therefore goes beyond a mere legal obligation and becomes a strategic requirement. The goal is not […]