Q:
A:
Law on protection of competition a precondition for Stabilisation and Association Agreement
Belgrade,
16 September 2005
Serbian Minister of Trade, Tourism and Services Bojan Dimitrijevic said that with the Law on protection of competition, the Anti-Monopoly Commission, which had existed only on paper, will be transformed into a Council for Protection of Competition, whose members will be appointed in two months.
Author:
Fonet
Speaking at a working meeting with journalists, organised by the Serbian government's EU Integration Office, at which the Law on protection of competition was presented, Dimitrijevic said that this law, along with the laws on advertising, prices and consumer protection, is one of the preconditions for the signing of the Stabilisation and Association Agreement with the EU (SAA).
According to Dimitrijevic, the law stipulates that every market player who abuses "rules of the game" will be fined with a sum that could reach 10 percent of the company's total revenues.
The minister warned that while implementing this law, many difficulties will be encountered, and pointed out that the law will be applied to all private and public companies in Serbia.
During the privatisation process, many companies have claimed a great portion of the market and thus have become dominant players. For that reason, the law will penalise abuses of the dominant position and all actions that prevent full competition, Dimitrijevic specified.
A new aspect of the law stipulates that if two companies wish to consolidate and if by doing so they would control at least 51 percent of the market, then they would need to seek permission from the Council, which would be tasked with determining whether there are elements of monopolistic behaviour in that process.
According to Dimitrijevic, one of the major problems in the implementation of this law is that the magistrate's courts do not yet have the competence to preside over the law.
According to Dimitrijevic, the law stipulates that every market player who abuses "rules of the game" will be fined with a sum that could reach 10 percent of the company's total revenues.
The minister warned that while implementing this law, many difficulties will be encountered, and pointed out that the law will be applied to all private and public companies in Serbia.
During the privatisation process, many companies have claimed a great portion of the market and thus have become dominant players. For that reason, the law will penalise abuses of the dominant position and all actions that prevent full competition, Dimitrijevic specified.
A new aspect of the law stipulates that if two companies wish to consolidate and if by doing so they would control at least 51 percent of the market, then they would need to seek permission from the Council, which would be tasked with determining whether there are elements of monopolistic behaviour in that process.
According to Dimitrijevic, one of the major problems in the implementation of this law is that the magistrate's courts do not yet have the competence to preside over the law.
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