These changes could diminish the value of investors' acquired companies in Serbia.

Successor companies can be prosecuted. From a criminal (penal) law perspective, the situation in an acquisition context is more or less clear – the acquirer shall face a successor liability in case of past wrongdoings of a target company

As of the close of 2022, Serbia's banking sector faced challenges amid global economic conditions. The year 2023 brought its distinct set of obstacles, with a noteworthy slowdown...

European ex-territorial legislation like the EU Corporate Sustainability Due Diligence Directive, various national supply chain legislation, i.e. German Supply Chain Act on Human Rights and Environmental Due Diligence mandate due diligence requirements to be cascaded to national i.e. Serbian companies.

With approximately 20 companies in Serbia set for privatisation in the second half of 2019, now is a good time to review the current provisions of Serbia's Privatisation Law ("Privatisation Law").

April 2026 – Relatively recent enforcement activity of the Serbian Commission for Protection of Competition (the "Commission") has brought renewed attention to buyer and supply relations in shaping market outcomes.

On 27 May 2003, the Parliament of the Republic of Serbia adopted the Law on Financial Leases which was published in the Official Gazette of the Republic of Serbia on the same day.

July 2026 – The first half of 2026 brought two important competition-related developments in Serbia and Montenegro. In Serbia, a new unfair trading practices regime started to apply...

M&A transactions and all forms of corporate reorganisations (e.g. mergers, de-mergers, transformations, contributions in-kind) are governed by the Companies Act (CA).

M&A transactions and all forms of corporate reorganisations (e.g. mergers, de-mergers, transformations, contributions in-kind) are governed by the Companies Act (CA).

What authorities can prosecute business crimes, and are there different enforcement authorities at the national and regional levels? Business crimes are generally prosecuted by the Public Prosecutor's office.

As of the beginning of 2011 some intensive activity of the part of the Serbian legislator resulted in the adoption of a set of new laws that either directly or indirectly are of relevance to the financial market.

M&A transactions and all forms of corporate reorganisations (e.g. mergers, de-mergers, transformations, contributions in-kind) are governed by the Companies Act.

The Serbian Competition Commission is well known locally for its track record of imposing fines for antitrust infringements.

The authority with competence over merger control in Serbia is the Commission for the Protection of Competition [Komisija za zaštitu konkurencije] ("Commission"), an independent administrative body established in 2005 and operative as of 2006.

Serbian squeeze-out rules can be exercised only upon the acquisition of 90% in a joint stock company.

White Collar Crime Comparative Guide for the jurisdiction of Serbia, check out our comparative guides section to compare across multiple countries

Digital Business Comparative Guide for the jurisdiction of Serbia, check out our comparative guides section to compare across multiple countries