What are the basic rules governing merger filing in Serbia, Montenegro, Bosnia and Herzegovina, and Macedonia (FYROM)? Here they are, in five short questions and answers:
1. What are the merger filing thresholds?
| Serbia: | Montenegro: | Bosnia: | Macedonia: |
|---|
- The combined global turnover of the parties exceeds EUR 100 million and at least one party’s Serbian turnover exceeds EUR 10 million OR
- The combined Serbian turnover of the parties exceeds EUR 20 million and at least two parties each have a Serbian turnover of more than EUR 1 million.
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- The combined Montenegrin turnover of the parties exceeds EUR 5 million OR
- The combined global turnover of the parties exceeds EUR 20 million and the Montenegrin turnover of at least one party exceeds EUR 1 million.
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- The combined global turnover of the parties exceeds EUR 50 million AND
- The Bosnian turnover of each of at least two parties exceeds EUR 4 million or their combined market share on the relevant market exceeds 40%.
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- The combined global turnover of the parties exceeds EUR 10 million and at least one party has a subsidiary in Macedonia OR
- The combined Macedonian turnover of the parties exceeds EUR 2.5 million OR
- The market share of a party exceeds 40% or the combined market share of the parties exceeds 60%.
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2. What are the merger filing fees (in EUR)?
| Serbia: | Montenegro: | Bosnia: | Macedonia: |
|---|
| 25,000. | 15,000. | 2,300. | 600. |
3. Is there a deadline for filing?
| Serbia: | Montenegro: | Bosnia: | Macedonia: |
|---|
| Yes, 15 days from the signing of the transaction agreement. | Yes, 15 days from the signing of the transaction agreement. | Yes, 15 days from the signing of the transaction agreement. | No, but the parties must not implement the merger before it is cleared. |
4. How long does a Phase I usually take?
| Serbia: | Montenegro: | Bosnia: | Macedonia: |
|---|
| 3-4 weeks. | 4-6 weeks. | Within one month from the date when the Bosnian NCA considers the filing is complete. | Around one month. |
5. How many filings are there annually?
| Serbia: | Montenegro: | Bosnia: | Macedonia: |
|---|
| 100-110. | 30-35. | Around 20. | 30-40. |
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