New and most important legal solutions in Law on Trade

Law on Trade (“Off. Herald of RS”, Nos. 52/2019) which entered into force on July 30, 2019. and which shall apply from January 31, 2020 provides the conditions for intensive development of the digital economy.

By new legal solutions in detail:

  1. shall be regulated and defined electronic commerce and forms of online sales which are the most used in practice
  2. shall be allowed under certain conditions, displaying of prices in webshop in foreign currency
  3. shall be precisely defined and simplified the obligations of e-traders that carry out online sale and
  4. shall be introduced inspection method covert shopping (mystery shopper).

E-commerce and Online Sales Forms that are Most Applicable in Practice

Electronic commerce is defined as a special form of the remote commerce, which shall be realized in such a way that the goods/services shall be offered, ordered and saled through internet, and it has been introduced the term of online shopping (webshop) and the electronic platform: Continue reading New and most important legal solutions in Law on Trade

Contract of security according to Law on right of security upon movable objects and rights filed in register

The Law on Rights of Security upon Movable Objects and Rights Filed in Register regulates the pledge, without delivering in possession, of movable objects and rights for the purpose of securing a claim of a creditor, the contract of security, the rights and obligations of contracting parties, the filing of the right of security in the registry, the settling of a creditor secured by pledge, and the termination of the right of security.

Movable objects and rights shall be pledged by filing in the registry that shall be instituted in conformity with the Law on Rights of Security upon Movable Objects and Rights Filed in Register.

Legal relations that are not regulated by the Law on Rights of Security upon Movable Objects and Rights Filed in Register shall be subject to regulations covering obligations (contract and torts) and property law relations, and to other regulations. Continue reading Contract of security according to Law on right of security upon movable objects and rights filed in register