Following its confirmation by national referendum, the new Constitution of the Republic of Serbia was proclaimed by the National Assembly on November 8th, 2006 (“New Constitution”). The aim of this Newsletter is to present the most important provisions of the New Constitution relative to the economic area. Abolishment of social ownership The New Constitution abolishes […]
On 25 May 2006, the Serbian Parliament adopted the Law on Takeover of Joint-Stock Companies (hereinafter referred to as the “Law”). Together with the newly adopted Law on the Market of Securities and Other Financial Instruments (Zakon o tržištu hartija od vrednosti i drugih finansijskih instrumenata, Official Gazette of the Republic of Serbia No.46/06), the […]
On 25 May 2006, the Serbian Parliament adopted the Law on Investment Funds (hereinafter referred to as the “Law”). The Law represents a breakthrough, being the first enactment in Serbia that regulates establishment and operation of investment funds and fund management companies. The Law shall become applicable on 10 December 2006. Fund management company A […]
The new Serbian Securities Act (hereinafter referred to as the“Act”) came into force on 10 June 2006, and will become applicable on 10 December 2006. The reason for adoption of the new securities legislation was in the necessity of adapting legal framework to new circumstances and developments on the Serbian securities markets, such as advanced […]
The new Law on Voluntary Pension Funds and Pension Plans (“Law”) came into force in October 2005. Its application is, however, postponed until April 1st 2006. After the decades of the monopoly of compulsory state-managed pension funds, the Law represents the first comprehensive regulatory attempt to promote the idea of voluntary pension insurance in Serbia. […]
