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Montenegro launches its citizenship by investment program

December, 2018,
A long awaited regulation for the Montenegrin program of citizenship by investment is set to enter into force on 1 January 2019. The investment threshold for citizenship depends on the...
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Mandatory licensing for all construction and designing companies in Serbia

November, 2018,
The latest amendments of the Planning and Construction Act,[1] effective as of 6 November 2018, introduce the requirement for all construction and designing companies (including solo entrepreneurships) to obtain licenses...
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Amendments to the Serbian Companies’ Act enhance shareholders’ protection and impose new obligations on corporates

June, 2018,
Only three months are left until the latest amendments to the Serbian Companies’ Act become applicable. The amendments bring about many changes to the corporate governance rules that the companies...
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Serbian Financial Collateral Act – a disappointingly narrow legislation

June, 2018,
The long-awaited financial collateral legislation in Serbia, the Financial Collateral Act, has been finally adopted and will become applicable on 1 January 2019. Within its narrow scope of application, the...
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GDPR finally comes into effect and will have an impact on Serbian, Montenegrin and Bosnian businesses

May, 2018, ,
After two years of keen anticipation, the day on which the EU General Data Protection Regulation (GDPR) becomes effectively applicable (25 May 2018) has finally arrived. Although GDPR is an...
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Serbia: Amendments to the Insolvency Act

January, 2018,
Long-awaited amendments to the Insolvency Act, proposed back in October 2016, were finally adopted by the Serbian Parliament, and came into force on 25 December 2017. Improvement of the position...
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Serbia: When linguistics interferes with law

December, 2017,
By adopting on 14 December 2017 an authentic interpretation of Article 48 of Enforcement Act, the Serbian Parliament has put an end to a year-long ban on forced collection of...
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Montenegro: New Legislation on Financial Leasing, Factoring, Purchase of Receivables and Microcredit and Credit-Guarantee Operations

November, 2017,
The Montenegrin Parliament adopted the Act on Financial Leasing, Factoring, Purchase of Receivables, Microcredit and Credit-Guarantee Operations on 25 October 2017. The new legislation will come into effect on 11...
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Serbia to Abolish Full Blown Withholding Tax on Non-Resident Service-Providers and Simplify Conditions for Tax Deductibility of NPL Write-Offs for Serbian Banks

December, 2017,
The Serbian Ministry of Finance has published draft amendments to the Corporate Income Tax Act (CITA), which were formally approved by the Government on 1 December 2017 and sent to...
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Serbia: Serbian Business Registers Agency started compulsory liquidation procedures

November, 2017,
The Companies Act introduced in 2011 the obligation of the Serbian Business Registers Agency (SBRA) to institute compulsory liquidation over companies for failure to comply with legal obligations under the...
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