Radoslav Stojanovic, an international law professor at Belgrade's Law School, said SCG had offered an out-of-court, diplomatic settlement on a number of occasions and withdrawn its genocide claim in 2001.
In 1997 SCG sued BH for genocide against Bosnian Serbs, which Bosnian lawyers described as "shameful" during the current proceedings.
The BH-SCG dispute is the first in which the ICJ is ruling on breaches of the 1948 UN Convention on the Prevention and Punishment of the Crime of Genocide.
Stojanovic said Belgrade was willing to reach a diplomatic settlement, even in case of an ICJ ruling, and that BH had refused all such proposals so far.
He said the lawyers representing BH had not been able to prove over the past week that genocide had been committed against non-Serbs in BH or the accountability of the authorities in Belgrade.
We will show that the BH claim against SCG is entirely unfounded, Stojanovic said.
He recalled that the International Criminal Tribunal for the Former Yugoslavia (ICTY) had adopted a very broad definition of genocide in its rulings against Bosnian Serb Army officers Krstic and Blagojevic, labelling as genocide only the massacre at Srebrenica and no other crime committed in BH.
Stojanovic said SCG would contest the ICJ's jurisdiction in this case because the then Federal Republic of Yugoslavia was not a United Nations member when the genocide claim was filed on 20 March 1993.
As the UN's main judicial body, the ICJ has jurisdiction in disputes between UN member states, ICJ Statute member states, and other states which accept its jurisdiction.
Belgrade has been contesting the ICJ's jurisdiction since the claim was launched 13 years ago although the ICJ ruled in 1996 that it has jurisdiction in this case.
A new argument to contest its jurisdiction surfaced in 2004 when the ICJ declared itself not competent for a genocide claim SCG launched against nine NATO countries because of air raids during the 1999 Kosovo crisis.
Stojanovic said Belgrade did not negate the war crimes committed in BH and was prosecuting perpetrators, such the current trial of the Scorpions paramilitary unit. He also mentioned the extradition to the ICTY of former President Slobodan Milosevic and the highest political and military officials from his regime.
A ruling in the dispute is expected by the end of the year.