Attorney Dragana Djordjevic » Blog » Commercial law (20)

Capital transactions according to Law on foreign currency transactions

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According to the provisions of Law on Foreign Currency Transactions (“Official Herald of the Republic of Serbia”, Nos. 62/2006, 31/2011, 119/2012, 139/2014 and 30/2018) capital transactions shall be transactions between residents and non-residents and the purpose of which is the transfer of capital.

Capital transactions shall be the following:

  • Direct investments
  • Investments in real estate
  • Transactions with securities
  • Transactions with financial derivatives
  • Transactions with investment and voluntary pension funds
  • Credit facility operations
  • Guarantee transactions
  • Deposit operations
  • Operations based on insurance contract in line with the law governing insurance
  • Unilateral transfers of means of payment (personal and physical). Continue reading Capital transactions according to Law on foreign currency transactions →

Responsibility of Legal Entities for Criminal Offences

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The Law on Responsibility of Legal Entities for Criminal Offences (“Official Herald of the Republic of Serbia”, No. 97/2008) regulates the conditions of responsibility of legal entities for criminal offences, the criminal sanctions that may be imposed on legal entities, and the rules of decision-making procedure in matters of responsibility of legal entities, imposing of criminal sanctions, passing of decisions on rehabilitation, termination of a safety measure or a legal consequence of conviction, and on enforcement of court decisions.

Criminal Offences Involving the Responsibility of Legal Entities

A legal entity may face the prosecution for criminal offences specified in the particular part of the Penal Code and in other laws if the conditions of responsibility specified by the Law on Responsibility of Legal Entities for Criminal Offences (“Official Herald of the Republic of Serbia”, No. 97/2008) have been fulfilled. Continue reading Responsibility of Legal Entities for Criminal Offences →

New and most important legal solutions in Law on Trade

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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 →