Category

Finance
The long-awaited financial collateral legislation in Serbia, the Financial Collateral Act, has been finally adopted and will become applicable on 1 January 2019. Within its narrow scope of application, the...
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The Montenegrin Parliament adopted the Act on Financial Leasing, Factoring, Purchase of Receivables, Microcredit and Credit-Guarantee Operations on 25 October 2017. The new legislation will come into effect on 11...
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Introduction The International Swaps and Derivatives Association (ISDA) published in March 2000 a document in which it briefly outlined the principles that an effective and efficient modern legal regime for...
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The health of the banking sector in Serbia European banks are still coping with the challenging environment defined by, among other issues, the high level of impaired assets and mounting...
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September 2015 The Government of Serbia has expanded its campaign to reduce systemic risk and unclog bank lending channels by adopting the Strategy for the resolution of non-performing loans (Strategija...
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Personal bankruptcy has been introduced for the first time in Montenegro. The Personal Bankruptcy Act came into force on 22August 2015. The new law applies to consumers. Consumer is defined...
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The latest amendments to the Banking Act (Zakon o bankama, “Official Gazette of RoS” Nos. 107/2005, 91/2010 and 14/2015), which come into application on 1 April 2015, introduce momentous changes...
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The Serbian insurance industry shall be welcoming the new Insurance Act (Zakon o osiguranju, “Official Gazette of RoS” 139/2014), which substantially overhauls regulation in this area. The majority of new...
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We have recently published a newsletter on the draft Payment Services Act, which aims at harmonizing the Serbian regulation in this area with the Payment Services Directive, the Settlement Finality...
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Draft Law on Payment Services – creates new opportunities The National Bank of Serbia has published the Draft Law on Payment Services. If enacted, this law will bring significant changes...
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