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Montenegro, Corporate & Commercial: New Late Payment Act

July, 2014,
The Act on Deadlines for Settlement of Monetary Obligations (“Late Payment Act”) entered into force in Montenegro on 12 July 2014. This piece of legislation is inspired by the EU...
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Bosnia & Herzegovina: Public Procurement

July, 2014,
New Law on Public Procurement Bosnia & Herzegovina has new Law on Public Procurement. The law, adopted in April 2014, will become applicable in November this year, thus replacing the...
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ECJ Rules in Bollacke that Heirs of Deceased Employee are Entitled to Compensation for Unused Holiday – What Would be the Outcome under Serbian Law?

July, 2014,
Scroll down for Serbian version/srpsku verziju možete videti ispod On 12 June 2014, the European Court of Justice (ECJ) ruled in Gülay Bollacke v K + K Klaas & Kock B.V....
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Amended incentives for hiring new employees and social security contribution rates

June, 2014, ,
Starting 1 July 2014, a new set of rules regulating tax and social security incentives for employers hiring new employees will apply. Novelties were introduced by the Amendments to the...
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Serbia: Amendments to the Law on Civil Procedure/New Law on Mediation

June, 2014,
On 23 May 2014, the National Assembly of Serbia adopted amendments to a set of laws in the area of civil procedure, specifically the Law on Civil Procedure[1] (“LCP”) and the...
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Serbia: Moratorium on enforcement of claims against companies in privatization restructuring extended

May, 2014,
The Serbian Parliament adopted in urgent proceedings the Amendments to the Law on Privatization extending the existing moratorium on enforcement of creditors’ claims held against the companies in privatization restructuring....
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Employment Bureau of Montenegro Freezes Issuance of Employment Permits

May, 2014,
According to the media reports and further clarifications BDK has obtained from the Employment Bureau of Montenegro, this authority has frozen any further issuance of employment permits. Employment permit is...
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New Law on Payment Transactions in Montenegro

April, 2014,
The Montenegrin Parliament has adopted the Law on Payment Transactions, which is due to become applicable on 8 January 2015. By that time, the Central Bank of Montenegro is expected...
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New General Collective Agreement concluded in Montenegro

April, 2014,
Montenegro has recently obtained a new General Collective Agreement (GCA), after almost 18 months of a hiatus. The GCA came into force on 30 March 2014, as a result of...
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Amendments to Foreign Exchange Law in Republika Srpska

March, 2014,
The latest amendments to the Foreign Exchange Law will come into effect on 27 March 2014. The amendments moderately liberalize the foreign exchange regime applicable in Republika Srpska. Foreign deposits...
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