The Republic of Serbia cannot boast of a speedy and successful transition. Privatization, creating a predictable business environment and forming a stable legal system began with Serbia already lagging significantly behind other countries in the region.
Serbia’s new Energy Law was enacted in December 2014. The principle aim of the new legislation is harmonization with the aquis communautaire and liberalization of the market, ensuring the freedom to conduct business activities and free access to the system for all third parties. The law also imposes an unbundling obligation and prescribes deadlines for harmonization of the operations of the companies active in the energy sector with the new law.
The new Law on Payment Transactions which will come into force on October 1st, 2015, will introduce significant novelties into the payment services market in Serbia, and will supersede the current Law on Payment Operations. Among other matters, it will regulate the use of electronic money, and the new organization of the payment system in the Republic of Serbia.
On May 7th 2015 the National Assembly of the Republic of Serbia passed the Law on Protection of the Right to a Trial within a Reasonable Time (hereinafter: “the Law”). The Law will enter into legal force and be applied starting from January 1st, 2016. The reason for this delay in the Law's coming into force is to give the judges time to prepare for compliance with the Law.
The majority of criminal behaviours are quite universal, but what usually differs, among different jurisdictions, are the punishments and procedures of detection and the processing of the crimes. In that sense, the understanding of white collar crimes (WCC), as a group of specific crimes, is universal.
On 18 December 2014 the National Assembly of the Republic of Serbia adopted a new Insurance Law ("Official Gazette of RS“, No. 139/2014), continuing the reformative process of improving the market of financial services in Serbia and harmonizing with European Union law, and ensuring the necessary conditions for additional liberalization of the market of insurance services, whereby significant changes were made as compared to the legislative solutions so far:
On January 29th, 2015 all special collective agreements in the Republic of Serbia ceased to exist. According to the latest amendments to the Labour Law that were enacted last year, the provisions of all collective agreements not contrary to the law remained in force for an additional 6 months, but as the 6 months expired on January 29th, 2015, all collective agreements were put out of force.
JPM Jankovic Popovic Mitic, Centar Inventiva, in collaboration with the Professional Orientation in Serbia project of the German Organization for International Cooperation and the Belgrade Youth Office, organized what the firm described as "a real encounter" for high school students on May 13th, 2014.