Amendment to the Act on Enforcement and Security came into force

August 06, 2019

Amendment to the Act on Enforcement and Security came into force

August 06, 2019

Katarina Živković

Katarina Živković

Senior Associate

 

Serbian National Parliament has adopted the Amendment to the Act on Enforcement and Security (“Official Gazette of RS”, No. 54/2019) which entered into force on 3 August 2019. The provisions of the Act shall be applicable as of 1 January 2020, except the Article 166, which shall apply immediately.

Namely, this Article stipulates that the execution on the account of the enforcement debtor who has been in the blockade for more than three years shall be suspended if the enforcement creditor does not propose to change the means and objects of execution within 8 days from the day this Act enters into force i.e. 3 August 2019.

That said, if you find yourself in this particular situation, it is necessary to change the means and object of execution and notify public bailiff within 8 days as of 3 August 2019. Otherwise, the enforcement proceeding will be suspended.

* Legal Intern, Vanja Đurić, contributed to this article.

This text is for informational purposes only and should not be considered legal advice. Should you require any additional information, feel free to contact us.

Contact:

Katarina Živković , Senior Associate
katarina.zivkovic@sog.rs

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