NEW GAMBLING ACT OF THE REPUBLIC OF SERBIA

With the start of the implementation of the new Gambling Act (“Official Gazette of the RS”, No. 18/2020 – hereinafter: the Law) significant novelties in this area have come into force, as well as starting obligatory deadlines for organizers of games of chance to harmonize their business with the provisions of the new Law.

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ORGANIZING WORK DURING THE STATE OF EMERGENCY

Due to the declaration of the state of emergency, the Government of the Republic of Serbia adopted a Regulation on Organizing Employers during the State of Emergency, which is published in the Official Gazette of the Republic of Serbia on 16.03.2020. (hereinafter: the Regulation).

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NEW COMMERCE LAW AND AMENDMENTS TO THE E-COMMERCE LAW

The National Assembly of the Republik of Serbia adopted on 22 July 2019 two closely related laws, the Commerce Law („Official Gazette of the Republic of Serbia” No. 52/2019) and the Law on Amendments to the E-Commerce Law („Official Gazette of the Republic of Serbia” “, No. 52/2019). The Commerce Law will enter into force on 30 July 2019, with the exception of the provision of Article 34, paragraph 8 of this Law, which shall apply from 31 January 2020. The Law on Amendments to the E-Commerce Law also takes effect on 30 July 2019, except for the provisions of Article 2 of the Law (new Article 5a) and Article 8 of this law (part of the amended Article 21, Para. 3 and 4), which apply from the date of entry of Republic of Serbia into the European Union.

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LAW ON PROTECTION ON COMPETITION

These days there is a public debate on possible solutions in the area of protection of competition, in order to further harmonize this area with the European Union`s and domestic regulations. The currently applicable Law on Protection of Competition (“Official Gazette of the Republic of Serbia”, No. 51/09 and 95/13) (hereinafter: the Law), has been aligned with the Merger Regulation 1/2003 on the implementation of the rules on competition1. The European Union has recently adopted totally new piece of legislation – Directive 1/20192, which will help national bodies to more effectively implement the rules contained in Regulation 1/2003.

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NEW LEGAL SOLUTIONS IN THE FIELD OF FINANCIAL TRANSACTIONS

The Law on Financial Collaterals (hereinafter: the Law) that was adopted in an urgent procedure before the National Assembly of the Republic of Serbia on June 8th 2018 and is applicable from January 1st 2019, introduces completely new institutes, with the aim to establish clear rules for contraction, record and enforcement of collaterals in financial transactions.

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