The new Competition Act (Official Gazette 44/12) came into force on October 8 2012. The act,
among other things, stipulates that the enforcement of competition rules will be within the
competencies of the Agency for Protection of Competition, which was formally registered on
February 18 2013. In essence, the agency corresponds to the Directorate for the Protection of
Competition, which has enforced competition law thus far. The change represents a harmonisation
with Montenegrin administrative law rules. The agency took over the directorate's assets,
documentation and staff, and continued work on previous directorate cases without interruption.
This guide provides the international practitioner and
in-house counsel with a comprehensive worldwide legal analysis of the
laws and regulations of real estate. This article appeared in the 2013
edition of The International Comparative Legal Guide to: Real Estate;
published by Global Legal Group Ltd, London. www.iclg.co.uk )
new Law on the Protection of Competition (Official Gazette of the
Republic of Montenegro, no. 44/2012) ("Competition Act") will come into
force in Montenegro on 9 October 2012. The Competition Act regulates
both market behaviour (restrictive agreements and abuse of dominance)
and merger control.
In general, creditors in Montenegro may secure their claims by
various types of security over debtors’ assets, such as pledge
(zaloga), mortgage (hipoteka), suretyship (jemstvo), bills of
exchange (menica), etc.