On 6 September 2021, the Serbian Competition Commission (the “Commission”) initiated an ex-officio proceeding against the company MAT – Real Estate from Novi Sad for implementing the transaction before its notification to the Commission (so-called, gun-jumping).
Namely, the mentioned company acquired the company Radijator AD in the bankruptcy proceedings. Having in mind that the company MAT – Real Estate is owned by Matijevic family which holds, among others, IM Matijevic, MPZ-Agrar and ATP Vojvodina, the Commission found out that the relevant merger filing thresholds were met.
If the Commission concludes that the company MAT – Real Estate was obliged to notify the Commission before implementing the transaction, it could be fined up to 10% of the total annual turnover achieved in Serbia, while the Commission may in addition also enact de-concentration measures.
On October 13, 2023, the new Decree on Conditions of Delivery and Supply of Electrical Energy (“Decree“) adopted by the the Government of the Republic of Serbia entered into force. Its key novelty is the issue of deposits and bank guarantees of investors/producers. Deposits Namely, one of the prerequisites to obtaining the connection study to […]
On October 26, 2023, the National Assembly of the Republic of Serbia adopted the Law on Amendments to the Law on State Survey and Cadastre (“Law on Cadastre“) and the Law on Amendments to the Law on the Procedure for Registration in the Cadastre of Immovable Property and Lines (“Law on Cadastral Registration“). The key […]
The National Bank of Serbia, in order to preserve financial stability and protect users of housing loans, on September 11, 2023 adopted the Decision on temporary measures for banks related to housing loans to natural persons