Laws and institutions for fair competition and fair business practices

Abstract

In addition to the preservation of macroeconomic stability in the short and long term, an equally important task - and the one that will gain importance in the future - is to build an appropriate business environment. One of the important elements in this process is the suppression of unfair competition. Unfair competition is perceived as one of the greatest market limitations in Serbia. In addition to grey economy, it includes false and offensive claims about the competition, sale of goods featuring elements that mislead the consumer, divulgement of business secrets, false advertising, boycott of the competition in the form of failure to enter into or execute contracts. We will point out the existing 'hard' and 'soft' regulatory framework in our practice in this field: 'black' and 'white' lists of the Tax Administration, different ministries and consumer associations, Code of Ethics of the Chamber of Commerce, provisions of the Law on Obligations, Law on Inspection Oversight, Law on Tax Proceedings and Tax Administration, Law on Trade, Law on Protection of Business Secrets, Law on Advertising, and Law on Protection of Intellectual Property Rights.