NEWS

Important Changes in Fines in the Law on Archival Materials

The law has been in application as of 2 February 2021 and it does not introduce the reporting requirements of the Archive Book for the first time, since this obligation existed before.

However, it does regulate in a more detailed manner the system of protection of archival material and documentary material, conditions, their use, organization, and imposes additional obligations and conditions for obligors.

JPM Partner Jelena Stanković gives full analyses of the Law on Archival Material and newly increased fines. The fines for non-compliance with the obligations in this new Law have been increased in comparison to the previous law and hence the failure to comply with obligations prescribed by the new Law represents a misdemeanor, per breach, can be fined in an amount from RSD 50,000 to RSD 2,000,000 for legal entities.

The full article is available HERE.

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