Category: Banking & Finance

In focus: On December 18th 2014, the National Assembly of the Republic of Serbia adopted the Law on Payment Services (hereinafter: the “Law”) which entered into force on December 26th 2014. Implementation of the Law is scheduled for October 1st 2015, except for provisions for which the Law provides shall become applicable after accession of the Republic of Serbia to the European Union.

In focus: the Law on Payment Terms in Commercial Transactions was adopted on December 15th, 2012 by the Parliament of the Republic of Serbia (“Official Gazette of the Republic of Serbia” no. 119/2012 – hereinafter referred to as: the “Law”).