On June 1 2015 the competition authorities of Serbia, Montenegro and Croatia signed a protocol on cooperation in the protection of competition. The protocol was signed in Podgorica, Montenegro based on the initiative of the Montenegrin Competition Authority.
The main reason for signing the protocol was to improve multilateral cooperation in competition policy. Given that the market structure in numerous commercial sectors is becoming more regional in scope, the authorities recognised the need to increase cooperation and assist in respective proceedings.
The document itself has yet to be published, but it is expected that cooperation has been agreed in respect of information exchange, technical assistance and multilateral activities in competition law enforcement.
This event is also in line with the establishment of the competition network in the region of the former Yugoslavia, as announced in previous years by the Serbian Competition Authority.
As yet it is unclear what improvements and results will be seen in practice following the agreement's implementation.
For further information on this topic please contact Srdjana Petronijevic at Moravcevic Vojnovic i Partneri in cooperation with Schoenherr by telephone (+381 11 320 26 00) or email (firstname.lastname@example.org). The Moravcevic Vojnovic i Partneri website can be accessed at www.schoenherr.rs.
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