Introduction  The importance of economy is grounded on the sole fact that many other spheres among the social and state order depend on its functioning, either directly or indirectly. For this reason, states express particular interest in the economy, which is widely reflected in the creation of normative conditions for

Introduction  Late last year, the Serbian Commission for Protection of Competition (hereinafter: the Commission) has presented official Guidelines for drafting competition compliance programs. To raise awareness about the need to become compliant, the Commission surprised us this year with the Model Program of Compliance with the regulations on the protection

The Foreign Trade Act specifies that a foreign legal entity can perform business-related activities in the Republic of Serbia as forms of foreign trade operations through direct investments and capital projects of a foreign person in Serbia, i.e. of a domestic person in another state or customs territory. Direct investment

Factoring – definition, main purpose, and types   Factoring can be defined as a legal undertaking, i.e., a financial service for the purchase of an existing non-mature claim or a future short-term monetary claim, the basis of which is the contract for the sale of goods or services, whether domestically

The protection of competition on the Serbian market is governed by the Competition Act (‘Official Gazette of the Republic of Serbia’ No. 51/2009 and 95/2013), emphasizing as its primary objective the overall economic progress, the well-being of society as a whole and consumers within its territorial application on the territory

The novel Serbian Digital Property Act, enacted in the end of 2020, mentions smart contracts only in few places. Article 2 paragraph 39 defines smart contracts as computer programs or protocols, based on the technology of a distributed database or similar technologies, which, in whole or in part, is able