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New Regulations Governing Fining and Leniency Policy
New Regulations Governing Fining and Leniency Policy Bring Serbia’s Competition Law Regime Closer to EU Standards
Serbia has recently taken significant steps towards modernising its competition law regime and harmonising it with EU legislation. The Serbian government adopted two regulations governing fines for competition law infringements and leniency policy, while the Commission for the Protection of Competition (the Commission) supplemented these with detailed guidelines. The introduced rules are intended to strengthen the fine-setting powers of the Commission conferred on it by the new Law on the Protection of Competition (the Competition Act), effective as of 1 November 2009.
Srdjana Petronijevic, Danijel Stevanovic
