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In March 2024, the Parliament of the Republic of North Macedonia adopted the Financial Instruments Act (“Financial Instrument Act“) and the Act on Prospectus and Transparency Obligations for Issuers of...
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Serbia’s new Central Records of Beneficial Owners Act (Zakon o centralnoj evidenciji stvarnih vlasnika, “Official Gazette of the Republic of Serbia”, nos. 19/2025, 51/2025 and 60/2025 correction) (“UBO Act“), which...
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1.       Regulatory recap There has been a significant banking-related regulatory and legislative activity in Bosnia and Herzegovina in the first half of 2025: both sub-sovereign entities, the Federation of Bosnia...
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The Government of Serbia published on 13 June 2025 a decree abolishing the Decree on the Criteria for Granting Incentives to Employers Hiring Foreign Experts Relocating to Serbia. The abolished...
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In the previous article in this series, we compared the rules under Serbian Digital Assets Act (DAA) and MiCAR concerning the offerors (issuers) of crypto-assets and persons seeking admission to...
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Issuers of crypto-assets may be subject to two types of potential requirements: (i) to obtain authorisation from the competent authority for the issuance of crypto-assets, and (ii) to publish a...
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Definitions of crypto-assets under the Serbian Digital Assets Act (“DAA“) and MiCAR are for the most part similar: both instruments define crypto-assets as a “digital representation of value” that can...
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Serbia has been among the pioneers of crypto-asset market regulation. When the Digital Assets Act (Zakon o digitalnoj imovini, Official Gazette of the Republic of Serbia no. 153/2020) (DAA) was...
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On 5 February 2025, the Constitutional Court of the Republic of North Macedonia annulled the 2023 Solidarity Tax Act. The decision was published on 13 February 2025 in the Official...
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According to the Labor Act, an employee has the right to a reimbursement of the costs for commuting to and from work, in accordance with the employer’s Work Rules/Collective Agreement...
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