Category

Finance

Regulating cryptocurrencies – update

December 25, 2020 and , , , ,
At one of the last sessions this year, the Serbian parliament voted to adopt the Digital Assets Act (Zakon o digitalnoj imovini) intended to regulate, but also enhance, the use...
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New moratorium on loans and financial leasing obligations in Serbia

December 17, 2020, , ,
The National Bank of Serbia has adopted new measures to facilitate loan and financial leasing instalment repayments to corporate clients affected by COVID-19 pandemic, which have come into force on...
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Regulating cryptocurrencies

November 9, 2020, , ,
By the end of this year, Serbia is expected to have a completely new legislation dedicated to cryptocurrencies and other instruments referred to as “digital assets” (digitalna imovina). The draft...
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The new compliance environment for future issuers of ‘Corona’ bonds in Serbia

May 6, 2020, , ,
As a follow-up to the Decree on the Procedure for Issuance of Debt Securities (“Decree“), the Serbian Securities Commission (“SEC“) has enacted amendments to the Regulation on Content of Application...
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State guarantee scheme as a measure to mitigate the consequences of COVID-19 on the economy

April 20, 2020 and , , ,
On 16 April 2020, the Government of the Republic of Serbia adopted a decree establishing a scheme for the issuance of unconditional, on-demand state guarantees to banks for working capital...
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Emergency rules on the issuance of “Corona bonds” in Serbia

April 13, 2020, , ,
The Government of Serbia adopted on 10 April 2020 the emergency Decree on the Procedure for Issue of Debt Securities (“Decree“), which provides for the simplification of the current regime...
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Serbian moratorium on loan and financial lease repayments explained

April 19, 2020, , ,
The National Bank of Serbia has taken steps to preserve financial stability in the wake of the COVID-19 pandemic situation and the associated state of emergency declared in Serbia. Specifically,...
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The National Bank of Serbia on zero-floor Euribor

September 4, 2019, ,
Recently, the National Bank of Serbia (NBS) has refused to certify a report on amended loan agreement between a foreign bank and a Serbian corporate borrower because the original loan...
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Pledge on bank account in Serbia – new confusion

May 22, 2019, ,
The Amendments to the Registered Pledge on Movables Act (“Movables Pledge Act“), which became applicable on 7 May 2019, introduce, inter alia, new provisions on bank account pledge. The change...
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The impact of Brexit on cross-border financing between the UK and Serbia

March 28, 2019, ,
Brexit is not a topic even remotely as hot in Serbia as it is in the European Union. This is not surprising given that Serbia is not a Member State....
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