Montenegrin draft Concession Law The Ministry for Economic Development of Montenegro has published a draft Concession Law ( “Draft” ). Concessions have until now been regulated by the Law on Participation of P rivate Sector in Performance of Public Services (Of ficial Gazette of RoM, n.30/2002) which was, due to its complexity and poo rly […]
The new Montenegrin Labor Law resembles the Serbian Labor Law enacted in 2005. However, some important provisions are left out, such as those regulating the status of general managers who are not employed with the company in which they serve. Anti-discrimination and anti-harassment provisions In accordance with the EU directives, the new Labor Law prohibits […]
The Serbian Minister of Labor and Social Policy rendered on 6 November 2008 the Decision on Extended Application of the General Collective Agreement, stipulating that all Serbian employers (except for those paying minimum wage to their employees), and not only those who are members of the Employers’ Union, must adhere to the General Collective Agreement […]
In final days of 2007, the General Assembly of the Republic of Serbia enacted the Amendments to the Privatization Law („Amendments“). The Amendments remove many interpretation dilemmas that were caused by loopholes in the earlier version of the Privatization Law (“PL”). In particular, the Amendments supplement the provisions on restructuring, mandatory debt relief and termination […]
Amendments to Operating Rules of the Central Securities Register Depositary and Clearing House (Official Gazette of the Republic of Serbia No.70/2008) The amended Operating Rules of the Central Securities Register, Depositary and Clearing House (“Amended CSR Rules”) came into force on 30 July 2008. The amendments fill in some gaps in the former version of […]
Amendments to the Auction Decree (Official Gazette of the Republic of Serbia No.91/07) On 8 October 2007, the Government of the Republic of Serbia enacted the Amendments to the Decree on Sale of Capital and Property by Public Auction („Amendments“). The principal novelty is the prohibition for an individual or legal entity controlled by an […]
On 24 May 2007, the Serbian Chamber of Commerce adopted the new Rules of the Foreign Trade Court of Arbitration attached to the Serbian Chamber of Commerce (hereinafter referred to as the “FTCA Rules”). Together with the recently adopted Arbitration Act (Zakon o arbitraži, Official Gazette of the Republic of Serbia No. 46/06), the FTCA […]
PRIVATIZATION Amendments to the Auction Decree On 8 October 2007, the Government of the Republic of Serbia enacted the Amendments to the Decree on Sale of Capital and Property by Public Auction („Amendments“). The principal novelty is the prohibition for an individual or legal entity controlled by an individual convicted or formally indicted for certain […]
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 […]
