During the first half of 2022 The Commission for Protection of Competition of the Republic of Serbia ("Commission") has been very proactive with respect to prevention of competition infringements. As a result of these efforts, in May the Commission also adopted a new Instruction for detecting bid rigging in public procurement procedures ("Instruction") thereby updating the older version of the Instruction from 2011.
In May 2021, the Law on Electronic Invoicing (“Law”) was enacted in Serbia. The Law introduces a new concept of electronic invoicing and regulates this matter in a significantly different manner than the previous legislative framework...
In November 2021, the Serbian Parliament adopted amendments to the Law on the Registration Procedure before the Business Registers Agency and the Law on Companies which entered into force on 16 November...
Recent years, especially in Serbia and the region, seem to have brought an increasing interest of the business community for matters like compliance, ethics, and more widely, business integrity.
Considering that only around 1-2% of cases notified to competition authorities require closer scrutiny, merger control is typically not considered very intriguing (despite being a nuisance for M&A timetables).
Archiving of documents by companies is a topic introduced to the wider public in Serbia at the beginning of 2020. It attracted much attention beginning of this year when the new Law...