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The Serbian Accounting Act requires that financial statements be signed electronically by a statutory representative, but problems arise when the director is a foreigner.
The Serbian insurance industry is welcoming the new Insurance Act, which substantially overhauls regulation in this area.
Serbia has chronic issues with the length of the procedure for the issuance of construction permits.
New entrants can apply to the National Bank of Serbia (NBS) for a license starting from 1 August 2015.
The Privatisation Act, adopted in August 2014, introduced ‘strategic partnership’ as one of the methods of privatisation.
If enacted, this law will bring significant changes to the payment services sector as far as domestic transactions are concerned.
There are three operators licensed for both mobile networks and mobile services: Telenor, Telekom Srbija, and Vip mobile.
Public notaries have been active in Serbia for already a month. This brings, inter alia, a number of novelties in real-estate transactions.
The Electronic Media Act supersedes the Broadcasting Act, which divided the categories of licences depending on the facilities used for broadcasting.
No summer for the Serbian Parliament — the new Privatisation Act is one of many outputs of the prolific 2014 summer session.
As of mid-August 2014, the Serbian Insolvency Act applies in its amended form.
Montenegro has recently obtained a new general collective agreement (GCA), after almost 18 months of a hiatus. The GCA came into force on 30 March 2014.
The latest amendments to the Foreign Exchange Law will come into effect on 27 March 2014.
The Ministry of Finance adopted amendments to the Rulebook aimed at easing certain transfer pricing requirements and rectifying certain ambiguities and technical errors.
The government of Montenegro has adopted four block exemption decrees, two in the sphere of vertical agreements and two applicable to horizontal agreements.
The Competition Council of Bosnia and Herzegovina has fined the Agency for Financial, IT and Intermediary Services for abuse of dominant position in the relevant market.
Strauss Adriatic doo, proprietor of the famous mark ‘Doncafe’, sued a defendant who had distributed coffee cups to which it affixed the mark.
The Bosnian Competition Council has issued a decision finding that IKO Balkan abused its dominant position on the relevant market in Bosnia and Herzegovina.
In December 2013, the Serbian Commission for Protection of Competition conditionally approved the takeover of Mercator by Agrokor.