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New Law on Conversion of Right of Use into Ownership of Construction Land with a Fee

New Law on Conversion of Right of Use into Ownership of Construction Land with a Fee

On July 16, 2015, the National Assembly of the Republic of Serbia enacted the Law on Conversion of Right of Use into Ownership of Construction Land with a Fee. The main goal of this Law is to finally resolve the issue of anachronous right of use of construction land and, after more than fifty years, to institute the regime of private and public property when it comes to construction land, as the only right recognizable to all, particularly to foreign investors. DOWNLOAD

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