April 2013 - The new Serbian Law on Public Procurement came into effect on 1 April 2013, replacing the former legislation enacted in 2008. The legislative overhaul is part of the wider fight against corruption and...
December 2012 - Transparency International (TI) released its 2012 Corruption Perception Index (CPI) this week. The 2012 CPI surveys 176 countries and territories (seven fewer than last year).
August 2012 – The Serbian Competition Authority issued a decision approving a merger between Sberbank and DenizBank. Sberbank owns a subsidiary in Serbia but the target is not present on the Serbian market at all. Nevertheless, the transaction was notifiable in Serbia, because foreign-to-foreign transactions are subject to the merger notification obligation.
On 26 January 2012, the Commission for the Serbian Competition Authority issued a decision setting the amount of fines for 12 pharmaceutical companies which the Competition Authority had found guilty of anticompetitive practices in its decision of 12 December 2008.
In May 2011, the Serbian parliament adopted a new company law, which is scheduled to take effect on 1 February 2012 (hereinafter: the “New Company Law”). The new legislation will replace the current company law that has been in force since 2004 (hereinafter: the “Old Company Law”).
16 October 2009 – On the eve of China’s 60th anniversary celebration, additional avenues had been opened for foreign investment in Chinese companies. New opportunities for Chinese investments had been created during a conference organised by CzechInvest and the General Consulate of the Czech Republic. The legal and tax conditions for business in the Czech Republic were presented to Chinese investors by the international law firm Kinstellar.
What is prohibited?