Government of the Republic of Serbia determined the coefficient of compensation for confiscated property
At its 26th session held on January 21, 2021, the Government of the Republic of Serbia in accordance with Law on Restitution of Confiscated Property and Compensation (“Official Gazette of the RS”, No. 72/11, 108/13, 142/14, 88 / 15- US, 95/18 and 153/20) adopted the Conclusion at the proposal of the Ministry of Finance by which is determined a coefficient for compensation which amounts 0.15.
We remind you that the Agency for Restitution in the procedure of returning confiscated property or compensation decides whether the applicant for restitution is entitled to natural restitution (return of confiscated property) or compensation. By the Law on Restitution of Confiscated Property and Compensation, applicants have the right to return immovable and movable property in kind that is in public (state) ownership. If the property is not suitable for return in kind, the applicants acquire the right to monetary compensation, which will be done as follows:
- The amount of compensation is determined in euros, by multiplying the market value of the property determined by the final decision of the Agency for Restitution with a coefficient of 0.15. For example, if the market value of the property determined by a final decision of the Agency for Restitution is € 100,000.00, with a coefficient of 0.15 the applicant would receive compensation in the amount of € 15,000.00 provided that the total value that the applicant can receive cannot exceed € 500,000.00.
- Compensation will be paid by the Republic of Serbia by issuing bonds denominated in euros. The value of the advance payment of 10%, which could not exceed the value of € 10,000.00, will be paid in cash, and the rest will be paid in bonds.
- Bonds will be issued in an intangible form, will be transferable, and will fall due on every 15.01. starting from the year following the advance payment, in the next 12 years from the first issue of bonds (except regarding the bonds for persons who are older than 70 at the time of entry into force of the law (2011), when the bonds will be issues within 5 years, or bonds for persons who at the time of entry into force of the law are older than 65 years, and in the last case bonds will be issued in the next 10 years).
If you have any questions regarding the above, please contact lawyers Ksenija Golubovic Filipovic (ksenija.golubovic@zslaw.rs ) or Srdjan Zerdo (srdjan.zerdo@zslaw.rs).
Vlada Srbije utvrdila je koeficijent obeštećenja za oduzetu imovinu
Vlada Republike Srbije na 26-toj sednici održanoj 21.januara 2021. godine, donela je Zaključak o povraćaju oduzete imovine I obeštećenju (“Službeni glasnik RS“, br. 72/11, 108/13, 142/14, 88/15-US, 95/18 i 153/20) na predlog Ministarstva finansija o utvrđivanju koeficijenta kojim se utvrđuje iznos obeštećenja za oduzetu imovinu a koji iznosi 0,15.
Podsećamo da Agencija za restituciju u postupku vraćanja oduzete imovine ili obeštećenju odlučuje da li podnosilac zahteva za restituciju ima pravo na naturalnu restituciju (vraćanje oduzete imovine) ili na obeštećenje. U skladu sa Zakonom o vraćanju oduzete imovine i obeštećenju, podnosioci imaju pravo na vraćanje nepokretnih i pokretnih stvari u naturi koje su u javnoj svojini. Ukoliko imovina nije pogodna za vraćanje u naturalnom obliku, podnosioci stiču pravo na novčano obeštećenje koje će se vršiti na sledeći način:
- Iznos obeštećenja se uvrđuje u evrima, tako što se tržišna vrednost imovine određena pravnosnažnim rešenjem Agencije za restituciju pomnoži sa koeficijentom 0,15. Primera radi, ukoliko je tržišna vrednost imovine pravnosnažnim rešenjem Agencije za restituciju određena na 100.000,00€, sa koeficijentom 0,15 podnosilac bi dobio obeštećenje u vrednosti od 15.000€, s tim što ukupna vrednost koju koju podnosilac može da dobije ne može da premaši 500.000,00€.
- Isplatu obeštećenja vršiće Republika Srbija tako što će emitovati obveznice denominovane u evrima. Vrednost akontacije od 10% koja ne bi mogla da premaši vrednost od 10.000,00€ će se isplaćivati u novcu, a ostatak se isplaćuje u obveznicama.
- Obveznice će se izdavati u nematerijalnom obliku, biće prenosive i dospevaće svakog 15.01. počev od godine koja sledi nakon isplate akontacione vrednosti, i to u narednih 12 godina od prve emisije obveznica, osim obveznica za lica koja su u trenutku stupanja zakona na snagu 2011. Godine, starija od 70 godina, kada će se isplaćivati u roku od 5 godina, ili obveznica za lica koja u trenutku stupanja na snagu zakona budu starija od 65 godina, te će se njima obeštećenje u obliku obveznica isplaćivati u narednih 10 godina.
Ukoliko imate bilo kakvih pitanja ili su Vam potrebne dodatne informacije možete se obratiti Kseniji Golubović Filipović na mejl ksenija.golubovic@zslaw.rs, Srđanu Zerdu na mejl srdjan.zerdo@zslaw.rs, advokatima u advokatskoj kancelariji Živković Samardžić ili bilo kom Vašem redovnom kontaktu u kancelariji.
- Published in Client Updates
Živković Samardžić contributed to the MSI’s ‘Doing business in Serbia’ guide

Conducting business successfully across international borders not only requires detailed knowledge of local laws, tax systems, regulations and customs, but the experience, skills and resources to support business activities on a global scale.
With a successful track record over more than 25 years, MSI Global Alliance is a global association of over 250 independent legal and accounting firms in more than 100 countries.
Živković Samardžić, as a proud member of MSI, has prepared, together with ZS Tax & Consulting, MSI’s accounting member from Serbia, MSI’s guide on Doing business in Serbia. The guide, available for download at the MSI’s web site, provides current information about the financial, regulatory and legal considerations that could affect business dealings within Serbia.
Should you need any additional information on the topics discussed in the guide, contact Ksenija Golubović Filipović (ksenija.golubovic@zslaw.rs), Živković Samardžić Partner, or any of your regular contacts at Živković Samardžić.
- Published in Publications
Živković Samardžić advised Nestlé on Froneri ice cream joint venture with R&R
Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised Nestlé, the world’s leading nutrition, health and wellness company, as a local counsel for Adriatic region, on its 50/50 joint venture with R&R Ice Cream, a leading ice cream company based in the UK.
Following the successful conclusion of the required regulatory clearances, Nestlé and R&R have completed the transaction to create Froneri, a new joint venture in ice cream, frozen food and chilled dairy. Nestlé and private equity firm PAI Partners, R&R’s owner, have equal equity interests in the joint venture. With sales of around 2.6 billion Euro, Froneri will operate in 22 countries across the world, employing around 15,000 people. As announced in April, the company will be headquartered in the UK and will have sites primarily in Europe, the Middle East, (excluding Israel), Argentina, Australia, Brazil, the Philippines and South Africa.
Globally, Nestlé was advised by Linklaters. The Živković Samardžić team successfully advising Nestlé on the Adriatic region aspects of transaction was led by Ksenija Golubović Filipović, partner and Igor Živkovski, senior associate.
“I would like to thank Verica Božić Aljinović, Head of Legal Affairs for Nestlé Adriatic Region and everyone at Adriatic Market legal team,” said Branislav Živković, Živković Samardžić managing partner. “Cooperating with both Nestlé Adriatic and the Linklaters teams on this transaction was a remarkable experience.”
- Published in Deals and Cases
Živković Samardžić ranked in four out of five practice areas covered in Serbia by the Legal 500 EMEA 2016
Živković Samardžić, one of the Serbia’s leading full-service independent law firms has been ranked in four out of five practice areas covered in Serbia by the Legal 500 Europe, Middle East and Africa (EMEA) 2016 rankings. (more…)
- Published in Uncategorized