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Serbia Opens Negotiation Chapters 23 and 24

Negotiation Chapters 23 and 24 have been opened at the Third Intergovernmental Conference between the European Union and Serbia, which was held on 18 July 2016. Chapter 23 is related to judiciary and fundamental rights and Chapter 24 is dealing with justice, freedom and security. Opening of these significant chapters is a big step for Serbia toward the European Union.

Central Register of Temporary Restrictions of Rights of Entities Registered with the Serbian Business Registers Agency Started Working

At the beginning of this year the Central Register of Temporary Restrictions of Rights of Entities Registered with the Serbian Business Registers Agency Act (RS Official Gazette No 12/2015) (hereinafter: “Act”) entered into force and on 1 June 2016 it became applicable so the Central Register of Temporary Restrictions of Rights of Entities registered with the Serbian Business Registers Agency (hereinafter: “The Central Register”) commenced with its function.

Government Incentives for Making Audiovisual Works in Serbia

The 2016 has seen the establishment of a new and more robust mechanism for incentivizing filmmakers to use Serbia as the location of choice in the region. Besides the Government Regulation from 2015, new guidelines have been adopted and the annual public call for applications for year 2016 has been published (http://bit.ly/20pLU8x – only Serbian version available).

Overview of the New Enforcement and Security Act

The new Enforcement and Security Act (hereinafter: the “Act”) entered into force on the 1 July 2016, except for certain provisions which came into force on 29 November 2015. The long expected innovation of enforcement and security procedures in Serbia brings significant changes. Among others, these are related to the scope of authorities of enforcement agents.

New Regulation on Sale of Capital of Large Privatization Subjects

April has seen the coming into force of the new Government of Serbia’s (“GoS”) Regulation on Sale of Capital of Large Privatization Subjects. The sale of capital is a model of privatization of companies through sale of shares rather than sale of assets. The model is usually conducted through a call for bids, followed by a public auction where the offered price is the only criteria to determine the buyer.

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