Control of Concentration in the Republic of Serbia
Control of Concentration in the Republic of Serbia

Author(s): Ivana Ž. Rakić
Subject(s): Political economy, Law on Economics
Published by: Institut za uporedno pravo
Keywords: control of concentrations; merger control; competiton law; protection of competition
Summary/Abstract: This article deals with the existing provisions of the Law on Protection of Competition of 2009 concerning to the control of concentrations. Control of concentrations is relatively new feature of Serbian competition law since it was introduced in 2005 by adopting the previous Law on Protection of Competition. The basic principles of the previous regime have been maintained in the new Law, but with come changes from a procedural point of view. Prior control of concentrations is based on compulsory notification of concentrations before they are implemented, provided that such concentrations meet the specified thresholds of income. The notification requirements cover mergers, acquisitions of control and certain joint ventures. Concentrations are permissible, unless the Commission for protection of competition decides that they would prevent, restrict or distort competition on the relevant market. During the appraissal procedure, the Commission for protection of competition has a broad powers of investigation, as well as powers of directly imposing sanctions for distortions of competition and infringements of the Law.

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