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New Liquidation Proceedings Act of Republika Srpska

October, 2019,
The new legislation on liquidation proceedings in Republika Srpska (Zakon o likvidacionom postupku “Official Gazette of Republika Srpska”, no. 82/19) (“New LPA“) comes into force on 12 October 2019. It...
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Tax reform to affect Serbian IT industry

October, 2019, , ,
On 23 September 2019, the Serbian Prime Minister announced a reform of taxation of self-employed sole entrepreneurs. The new rules are supposed to become effective as of 1 January 2020....
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The National Bank of Serbia on zero-floor Euribor

September, 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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Serbia: Yet another brush-up of the legislation on enforcement proceedings

August, 2019, ,
The Amendments to the Enforcement Act (“Official Gazette of RS”, No. 54/2019) came into force on 3 August 2019 (“Amendments“) but will, all but one, become applicable only on 1...
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Pledge on bank account in Serbia – new confusion

May, 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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Serbia relaxes the procedures for employment of foreigners

May, 2019, ,
Modern business transcends national borders and increasing workforce mobility is a natural consequence. While the conditions for working in Serbia remain the same, the recently adopted amendments to two Serbian...
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Condo hotels in Montenegro

April, 2019, ,
One of the long-term aims proclaimed in the Montenegro’s tourism development master plan is to develop country’s high-end tourism offering. As high-end tourism requires high-end hotels, a number of regulatory...
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New health-related legislation in Serbia

April, 2019, ,
The new Health Protection Act (Zakon o zdravstvenoj zaštiti “Official Gazette of RS“, no. 25/2019) and Health Insurance Act (Zakon o zdravstvenom osiguranju “Official Gazette of RS“, no. 25/2019) have...
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Cross-border ESPPs and ESOPs in Serbia – has anything really changed?

April, 2019 and , ,
Serbian residents are generally allowed to acquire shares in foreign companies. However, the Serbian Capital Markets Act (“CM Act“) prohibits cross-border public offers of shares directed at Serbian residents. Public...
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The impact of Brexit on cross-border financing between the UK and Serbia

March, 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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