Public-private partnerships in the Republic of Serbia: let the game begin
Republic of Serbia (RoS) got its first proper public-private partnerships (PPP) law in 2011. The Law on Public-Private Partnership and Concessions (“Official Gazette of the Republic of Serbia” no. 88/2011; the PPP Law) reshaped the legal framework for PPPs in RoS in its entirety, introducing the concept of PPP for the first time in Serbian legal system, and regulating it by a single piece of legislation together with concessions, which were earlier regulated by a separate law. Further, Law on Public Utilities (“Official Gazette of the Republic of Serbia” no. 88/2011) rounds up the statutory framework for PPPs by replacing the old public utilities law, which has been used as a basis for realization of all PPP projects on a local level before 2011. In addition to these two laws, Decision on Establishment of Commission for Public-Private Partnership (“Official Gazette of the Republic of Serbia”, nos. 13/2012 and 108/2012) rounds up the current general legal framework for PPPs. In future, it is expected that the Commission for Public-Private Partnership (Commission) will adopt the bylaw on value-for-money methodology, which is currently undergoing a public discussion, as well as the bylaws on the supervision and registration of awarded PPP contracts, and that it will prepare template PPP contracts and direct financing agreements…
Click on the link below to read the rest of the Karanovic & Nikolic briefing.
News from Karanovic & Nikolic
Briefings from Karanovic & Nikolic
The Croatian Ministry of Justice has recently changed its practice and has begun consenting to the purchase of real estate in Croatia by Russian citizens.
Croatia: recent news highlights — increase in mobile operator prices and mass termination of subscription agreements; and more
Karanovic & Nikolic discusses the recent news highlights coming out of Croatia.
Analysis from The Lawyer
‘Exotic’ investors and opportunities for legal work beyond M&A feature in The Lawyer’s high-level roundtable debate on south-east Europe
Croatia is about to enter the EU, but the path to integration may not be smooth for the Balkan states