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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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Property transfer tax payment as condition to title registration in cadasre (again) declared unconstitutional

March, 2012,
The Constitutional Court of the Republic of Serbia declared on 19 April 2012 that Article 38a of the Property Tax Law (Zakon o porezima na imovinu, “Sl. glasnik RS”, no....
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Acquisition cements FrieslandCampina’s position in South-East Europe, a region with circa 75 million consumers

February, 2012,
FrieslandCampina and Salford Capital Partners have signed a Memorandum of Understanding regarding the acquisition of Imlek and Mlekara Subotica. This acquisition will add the activities of both companies in the...
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New Competition Act in Montenegro

January, 2012,
After several years of announcements, the new Montenegrin Law on the Protection of Competition has been recently enacted and will come into force on 9 October 2012. The most significant...
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U.S. Supreme Court’s ObamaCare Ruling

January, 2012,
On 28 June 2012, the U.S. Supreme Court issued a ruling in the politically controversial ObamaCare litigation (National Federation of Independent Business v. Sebelius). The ruling upholds the constitutionality of...
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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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Serbian Law on Public Property – Public property “push-down”

October, 2011,
Almost five years after the new Serbian Constitution permitted the de-centralization of state-owned assets and their push down from the Republic of Serbia to the municipal level, has the Serbian...
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Law on Property Restitution and Compensation – Finally enacted but already threatened with constituional challenge

October, 2011,
With a long delay and pressed by the European Union, Serbia has finally enacted the Law on Property Restitution and Compensation, dealing with property nationalized after WWII. However, no sooner...
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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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