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Interlaw's Fintech Group Advises Serbian Government on New E-Commerce Policies

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Interlaw's representative in Serbia, SOG / Samardžić, Oreški & Grbović, has won a significant mandate to advise the the Ministry of Trade, Tourism and Telecommunication in soliciting proposals for designing and implementing a set of measures to strengthen e-commerce in the country. 

SOG's team, led by partner Miloš Velimirović (pictured above), will analyze Trade Law, E-commerce Law, Advertising Law, Consumer Protection Law, Personal Data Protection Law, Law on Obligations, and Custom Law to suggest further improvements and amendments. 

Additionally, SOG will base its analysis on the fact that all provisions have to be precise, clear and not contradict. The firm will also carefully analyze all existing barriers related to e-commerce development to determine substantial problems. 

After identifying the problems, SOG will suggest measures that could be taken to enhance and develop e-commerce. Specifically, while analyzing the existing regulatory framework, SOG will focus on how to use already available laws, regulations and procedures to improve e-commerce in Serbia.

The rapid increase of internet penetration, innovations in online payments and changes in consumption patterns have made online trading increasingly popular in Serbia, leading to high levels of growth for global e-commerce trade. 

E-commerce in Serbia is still relatively underdeveloped and the advantages that this way of doing business is offering are currently heavily under utilized.