The concept and legal consequences of a privatization contract termination

All the countries of so called 'Eastern block' have passed the process of privatization and transition with plenty of problems, and Serbia is not exception. This process is near its end, however, these problems are still present. Legislation, despite several reforms, still contains inconveniences. The Privatization Agency with its wide authorities still causes number of litigation as a consequence of poor work and planning. After the latest changes of privatization legislative, this process has included a new federal institution, Share Fund, which has rather narrow field of action and almost non authority. This situation gives small hope to successful end, but on the other hand, we can see that a lot of countries in this region have passed this road, and became rightful members of the European Union.