PP on Bankruptcy Regulations
On February 3, FIC sent to the Economy Ministry the Comments on Draft Changes of Bankruptcy and Bankruptcy Trustee Licensing Agency Laws. Comments on the Draft Bankruptcy Law Changes concern primarily the following two areas: cancellation of the ban on enforcement on the property burdened by the security rights or real estate property lien; and…
PP on Company Law
On June 30, FIC sent to the Economy Ministry a set of comments on the Draft Amendments of Company Law. Position Paper outlines that the frequent changes of the Company Law are not good for business climate and legal certainty of market participants. It was also stated that wide consultations with the business community are…
PP on E-Identification
On February 12, FIC sent to the Ministry of Trade, Tourism and Telecommunications the comments on Draft Law on Electronic Documents, E-Identifications and Trust Service in E-Business. General comments concern rationalization of process and insurance contracts. When it comes to the rationalization of process, FIC view is that the processes of identification and authentication of…
PP on Enforcement in Operative Leasing
On September 16, FIC supported the initiative of the Association of Leasing Companies in Serbia (ALCS) with the goal to establish a Registry of Operative Leasing in the Business Register Agency (BRA) and enable the efficient enforcement in the case the leasing contract is cancelled. This comes after the recent decision of the National Bank…
PRESIDENT OF THE FIC LEGAL COMMITTEE INTERVIEW FOR FIC GUIDE 2021/2022
Igor Živkovski, President of the FIC Legal Committee (Živković Samardžić a.o.d.) Legal Certainty Entices Investors The assistance measures adopted by the Government of the Republic of Serbia, the development of which included the participation of the FIC Legal Committee, served to prevent strong negative consequences for the local economy. We will continue working to strengthen the rule…
Proposals on Neon Signs on Facades
FIC approached the Construction Ministry and City of Belgrade with a suggestion to resolve the problems related to the corporate features on the facades. In a letter on April 15, FIC outlined that tenants request unreasonable indemnities from companies for putting the neon signs on the facades. The problem stems from the amendments of the…
Public Procurement Discussed with EU
On April 1, FIC provided info to the EU Commission and experts on the area of public procurement in Serbia. EU organized this joint meeting with FIC and NALED to gain feedback for the assessment on the vulnerabilities of the public procurement system and oversight system. EU was represented by the DG NEAR representative Azra…
Push Against Risk in Banking
On March 1, FIC and AmCham sent to the Prime Minister and President a joint initiative aimed at reducing risk stemming from different interpretations related to the collection of fees for loan calculation and collection of premiums of National Housing Loan Corporation (NKOSK). Inconsistency of the interpretation jeopardizes legal certainty, inducing huge costs to the…
RCC on Data Protection
It’s our pleasure to inform you that FIC prepares the second Reality Check Conference dedicated to the personal data protection. The event planned for second half of June will be organized upon the interest of members, as they need to discuss the open issues related to the Personal Data Protection Law. Previous conference on that…
Success on the Company Law
FIC advocacy on the Company Law brought significant and tangible results. Company Law, adopted by Serbian Parliament on November 17, incorporates 6 out of 8 FIC comments. The Position Paper sent to the Economy Ministry on June 30 outlined the need for wide consultations with the business community and drew attention that the frequent changes…