Category

Finance

National Bank of Serbia allows non-deliverable derivatives

July, 2013,
The National Bank of Serbia amended its Decision on Transactions with Financial Derivatives (Odluka o obavljanju poslova sa finansijskim derivatima, “Official Gazette of the Republic of Serbia”, No. 85/2011) to...
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Republika Srpska: Zakon o izmjenama i dopunama Zakona o tržištu hartija od vrijednosti

July, 2013,
Zakon o izmjenama i dopunama Zakona o tržištu hartija od vrijednosti objavljen je u Službenom glasniku Republike Srpske br. 59/13, a stupiće na snagu 23.07.2013. Povećanje kapitala pretvaranjem poreskog duga u...
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Decree on Offsetting Foreign Trade Receivables and Payables

January, 2013,
The latest amendments to the Serbian Law on Foreign Exchange Transactions (Zakon o deviznom poslovanju, Official Gazette of the RS 62/2006, 31/2011 and 119/2012) (“Forex Law”), adopted in 2012, liberalized...
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Further liberalization of Serbian foreign exchange regime

December, 2012,
Serbia has made a further step towards foreign exchange liberalization, by the Parliament adopting on 15 December 2012 a new set of amendments to the Law on Foreign Exchange. The...
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Montenegrin parliament adopts Financial Collateral Act

August, 2012,
The Montenegrin Parliament adopted legislation regulating financial collaterals (Zakon o finansijskom obezbeđenju, “Official Gazette of the Republic of Montenegro”, no. 44/12) (“Financial Collateral Act”). The law came into force on...
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Constitutional Court of Serbia declares automatic bankruptcy unconstitutional

May, 2012,
In its decision dated 12 July 2012 (“Official Gazette of Republic of Serbia” no. 71/2012), the Constitutional Court of Serbia held that the provisions of the Serbian Insolvency Act (Zakon...
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Decree on Conditions for and Manner of Setting-off of Payables and Receivables under Cross-border Foreign Credit Transactions

May, 2012,
This regulation, effective as of 4 January 2012, implements the recently amended Law on Foreign Exchange Transactions (Zakon o deviznom poslovanju, Official Gazette of the RS 62/2006 and 31/2011) (“Forex...
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New Law on Default Interest in Serbia

January, 2012,
According to the Serbian Law on Obligations, parties cannot freely set default interest rate applicable to late payments but are bound to apply a statutory rate. The Serbian Parliament passed...
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Decision on Conditions for Trading with Financial Derivatives in Serbia

June, 2011,
The National Bank of Serbia (NBS) has adopted the long-awaited decision regulating the conditions for derivatives trading. The decision, which came into force on 1 December, implements the recently amended...
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Serbian parliament adopts new Law on Capital Markets

June, 2011,
As a step towards harmonizing the Serbian securities legislation with relevant EU Directives, the Serbian Parliament has adopted a new Law on Capital Markets (the Law). The legislator has given...
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