ISAC Fund’s team prepared this document in cooperation with the Law OfficeNikolić-Kokanović-Otašević from Belgrade. The aim of the analysis was to review the entire Oil and Gas Arrangement, from the standpoint of the legal regulations of the Republic of Serbia and the international treaties that bind Serbia, as well as to identify potential problems in this area of Serbian economy that may arise during the implementation of this Agreement.
The analyses led to several conclusions. The Arrangement itself is without precedent in the recent practice of entering into international agreements in Serbia. A number of issues that were mentioned in the Arrangement have no binding characteristics. Some of the provisions are in the apparent contradiction with Serbian legislation, as well as with the international treaties where Serbia is one of the parties.