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Law on Enforcement and Security to enter into force on 1 July – today is the last day to notify the courts

30Jun

On 1 July 2016, the new Law on enforcement and security that has been enacted by the National Assembly of the Republic of Serbia back in December 2015, shall enter into force. Kind reminder to all enforcement creditors that today is the last day for the creditors whose enforcement proceedings started before the 17 May 2012, and are still pending, to notify the courts whether they wish the public bailiffs or the court to conduct the enforcement proceedings. Creditors who fail to do so shall be faced with the court terminating the enforcement proceedings.

The new Law on Enforcement and Security provides for a number of significant changes in the enforcement proceedings, so stay tuned for a detailed overview which fill follow shortly!