“The first and second quarters of 2022 were very challenging in all areas of the economy, not only in Serbia, but across the Western Balkans. We were faced with the consequences of the COVID pandemic, with the military conflict in the east of Europe, as well as with a global crisis and inflation whose effects will be seen in the third and fourth quarters of 2022 and in 2023. Despite everything, in this challenging and rapidly changing environment, our business is recording growth. We managed to maintain our position as one of the leading full-service independent law firms in Serbia and Montenegro. Especially in the first two quarters of this year, our law firm was involved in many significant transactions, and drafted legal opinions, and provided legal advice. I would particularly like to mention our legal analysis of Serbia’s regulatory framework related to the issuance of and the exchange and trading platform for stablecoins, which is of great importance considering that the framework for digital assets is still new, and yet to be tested in practice. I am optimistic about the future as we continue to be responsible and provide creative solutions to the challenges our clients face,” states our partner Igor Živkovski, reflecting on the first half of 2022 in a CEELMDirect interview with CEE Legal Matters.
Read the full article here to learn more about the latest market trends in Serbia, the impact of Covid-19 and global inflation on the market, as well as the significant initiatives underway at our firm we are proud of.