The Parliament of Republika Srpska adopted on 16 July 2015 the amendments to the Property Rights Act, enabling disposals of publicly owned property below market value or free of charge. Disposals of public property below market value were so far null and void. The amendments make it possible for the municipal and state authorities to […]
The saga on privatization of construction land in Serbia is, apparently, near its completion. The Serbian Parliament passed the Act on Converting the Right of Use into Ownership on Construction Land against Fee (“Conversion Act“) on 16 July 2015. The law will enter into force on 28 July 2015. Preponderance of urban construction land in Serbia […]
The Amendments to the Mortgage Act (“Amendments“), in force as of today (16 July 2015), are more than a welcome rectification of several crucial deficiencies in the Serbian mortgage law. Welcome changes Deletion of lower ranked mortgages: The Amendments have finally made right the status of lower-ranked mortgages in case of first-ranked mortgage foreclosure. It is now […]
Scroll down for English version/englesku verziju možete videti ispod U ranijem Newsletter-u obavestili smo o novim obavezama finansijskog izveštavanja. U međuvremenu, Ministarstvo trgovine, turizma i telekomunikacija Republike Srbije usvojilo je izmene Pravilnika o tehničko-tehnološkim postupcima za formiranje kvalifikovanog elektronskog potpisa i kriterijumima koje treba da ispune sredstva za formiranje kvalifikovanog elektronskog potpisa (“Službeni glasnik RS” […]
The latest amendments to the Banking Act (Zakon o bankama, “Official Gazette of RoS” Nos. 107/2005, 91/2010 and 14/2015), which come into application on 1 April 2015, introduce momentous changes to the regulatory framework governing supervision of banking institutions. Given the sheer number of the amendments, one wonders why the legislator did not instead adopt […]
Scroll down for English version/englesku verziju možete videti ispod Skrećemo pažnju na novine u vezi sa obavezom privrednih društava u pogledu podnošenja finansijskih izveštaja i drugih finansijskih dokumenata. Zakonom o računovodstvu (“Službeni glasnik RS” br.62/2013) (“Zakon“) predviđeno je da od 1. januara 2015. godine finansijski i statistički izveštaji moraju biti dostavljeni Agenciji za privredne registre […]
The Serbian insurance industry shall be welcoming the new Insurance Act (Zakon o osiguranju, “Official Gazette of RoS” 139/2014), which substantially overhauls regulation in this area. The majority of new provisions shall come into effect on 27 June 2015 (vacatio legis) while some of the provisions will come into effect only once Serbia joins the World […]
Serbia has chronic issues with the duration of the procedure for issuance of construction permit. According to the latest ranking by World Bank’s DoingBusiness, in Serbia it takes on average 264 days to obtain a construction permit, which places the country on the 186th place among the total of 189 examined countries.[1] The latest amendments to […]
We have recently published a newsletter on the draft Payment Services Act, which aims at harmonizing the Serbian regulation in this area with the Payment Services Directive, the Settlement Finality Directive and the Electronic Money Directive. The draft has now become the law, its application being postponed until 1 October 2015. The text of the […]
On 1 February 2018, the Serbian Commission for Protection of Competition (“Commission“) published a report on its sector inquiry into the sports footwear, sportswear and sports equipment markets in the Republic of Serbia. The inquiry covered the period from 2014 to 2016. The sector inquiry was prompted by a surge in the number of investigations […]
