Category

Finance
Serbia has made a further step towards foreign exchange liberalization, by the Parliament adopting on 15 December 2012 a new set of amendments to the Law on Foreign Exchange. The...
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The Montenegrin Parliament adopted legislation regulating financial collaterals (Zakon o finansijskom obezbeđenju, “Official Gazette of the Republic of Montenegro”, no. 44/12) (“Financial Collateral Act”). The law came into force on...
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In its decision dated 12 July 2012 (“Official Gazette of Republic of Serbia” no. 71/2012), the Constitutional Court of Serbia held that the provisions of the Serbian Insolvency Act (Zakon...
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This regulation, effective as of 4 January 2012, implements the recently amended Law on Foreign Exchange Transactions (Zakon o deviznom poslovanju, Official Gazette of the RS 62/2006 and 31/2011) (“Forex...
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According to the Serbian Law on Obligations, parties cannot freely set default interest rate applicable to late payments but are bound to apply a statutory rate. The Serbian Parliament passed...
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