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Competition Newsletter, July 2009

August 2009 - EU & Competition. Legal Developments by Karanovic & Nikolic .

More articles by this firm.

Serbian Parliament passed the new Competition Law earlier this month but voted to put it into effect as of 1 November. Most notably, for procedures commencingas of November, the Commission will impose fines and other sanctions directly, up to 10% of the parties’ revenues. The new law completely remodels all procedures before the Commission. The revision did little to change the substantive approach to competition rules thus keeping the law essentially compliant with EU rules.

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