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Introduction The Montenegrin Act on the Use of Energy from Renewable Sources (Renewables Act) came into force on 31 August 2024. This legislation aims to promote the production and use...
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The Serbian Parliament has approved the amendments to the Payment Services Act (“PSA“) which are meant to mirror PSD2 and introduce open banking driven services to Serbian market. The amendments...
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The amendments to the Geological Research Act of Republika Srpska, sub-sovereign entity within Bosnia & Herzegovina, took effect on 24 July 2024. This Act regulates the conditions for exploration of...
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In a recent decision, the Supreme Court of Serbia invalidated a non-compete clause from an employment agreement because it prohibited the employee from entering into an employment relationship with the...
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Problems in practice We wrote in March 2024 on the new Act on Prevention of Money-Laundering and Financing of Terrorism in Bosnia & Herzegovina (“AML Act“) and its dubious provisions....
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The Parliament of Bosnia and Herzegovina (“BiH“) has adopted a new Act on Prevention of Money-Laundering and Financing of Terrorism (“AML Act“). New obligors under the AML Act The new...
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Serbia’s capital markets are underdeveloped and businesses rely predominately on bank financing. However, there are strategies and initiatives by the Serbian government and the World Bank in place, aimed to...
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The second half of 2023 brought about significant changes to the Serbian waste management regulations affecting the real estate and infrastructure developers. The approval to the waste management plan is...
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Last year we have discussed the prospects for Republika Srpska to regulate for the first time the issuance and the use of electronic money. The wait is over – the...
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Minimum salary in 2024 As of 1 January 2024, statutory minimum net salary in Republika Srpska amounts to BAM 900.00 (approximately EUR 460.00), which is an approximately 28.5% increase from...
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