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New Law on Protection of Business Secrets

The National Assembly of the Republic of Serbia adopted a new Law on the Protection of Business Secrets (“Official Gazette of the RS”, No. 53/2021), which entered into force on June 5, 2021 (hereinafter: the “Law”). The Law harmonizes, among other things, the system of protection of business secrets with the relevant regulations of the European Union. As stated in the explanation of the Law, the new Law should deter competition from illegal acquisition, use and disclosure of business secrets.

All Information in one place – A new Register of administrative procedures and regulations has been formed

The Law regulates the establishment, management and administration, content, manner of use, and other issues of importance for the management of the Register of Administrative Procedures (hereinafter: the “Register”). The Register will cover all administrative procedures for citizens and business entities by January 1, 2025 at the latest. The Register provides an opportunity to obtain information on the manner of submitting the request, necessary documentation, deadlines for resolving the request, total costs, and all other necessary elements of the procedure, in a fast and clear manner. Also, the Register provides the possibility to download and electronically fill in the application form with the competent administrative body. Therefore, whether it is a matter of obtaining an excerpt from the registry book or a necessary building permit, the Register contains all the data on necessary documentation for obtaining them, which enables easier business and easier communication with the management.

The Commission for Protection of Competition extended the procedure for investigating the violation of competition to Gigatron, Tehnomedia Center, Emmezeta and XLS

In February 2021, the Commission extended the ex officio investigation proceeding to Gigatron export-import, Tehnomedia centar, Emmezeta Srbija and XLS Belgrade. The Commission, by analyzing the prices of certain consumer electronics products, established that Tesla brand products are offered at identical or almost identical prices, which the Commission already had in mind when initiating proceedings against Comtrade Distribution.