Enforcement And Collaterals Act (Official Gazette of the Republic of Serbia, no. 31/2011)

The Enforcement and Collaterals Act ("Enforcement Act") was adopted on 17 May 2011, and shall be applicable as of 17 September 2011, save for the provisions relating to the private enforcers which shall become applicable as of 17 May 2012. The aim of the Enforcement Act is to enhance efficiency of enforcement proceedings, which were often drawn out, complicated and ineffective.

Private Enforcement

One of the most significant features of the Enforcement Act is the introduction of private enforcement into the Serbian legal system. The Enforcement Act, in addition to the existing court enforcement, envisages private enforcement through professional enforcement officers appointed by the Minister for Justice.

Enforcement Instruments

The list of documents which can be used as enforcement instruments has been broadened (e.g. mortgage statement or mortgage agreement, European Enforcement Order or reorganisation plan in bankruptcy proceedings). Furthermore, it allows for enforcement on the basis of enforceable foreign documents.

Notice Service

The notice service procedure, previously a very important and frequently employed tool on the part of enforcement...