The Serbian NCA recently published dawn raid guidelines. The instructions outline the scope of the Serbian NCA's investigative powers, the undertakings' rights and obligations, as well as possible sanctions in case of failure to cooperate. . The Serbian competition authority carried out the first dawn raid only in 2015 (although the instrument is available as an investigative tool since 2009). Given the relatively new development in enforcement practices in Serbia the guidelines are extremely welcome in the business community. Since its first dawn raid in 2015, the Serbian authority has used dawn raids as an investigative tool in a number of cases. In fact, most of the infringements the Serbian authority found and imposed sanctions for have been identified with the help of dawn raids.