One could point out that the modern economy is based on Loan and Credit Agreements. Banking law in Serbia is quite developed. This especially when we speak about foreign lenders as parties securing such credits. Namely, this matter and Banking Law in Serbia becomes particularly interesting in the case of a foreign Loan or Credit […]
Continuing on the previously published news regarding the amendments to the Law on the Procedure of Registration with the Serbian Business Registers Agency (SBRA), whereby it is mandatory for the SBRA to only accept applications for the incorporation of a company in electronic form, we would like to draw attention to several important details of […]
Cybersecurity and the Law: What You Need to Know to Fight Cybercrime Cybersecurity is an issue which goes beyond legal regulation and its proper implementation and use depends on a series of technical, procedural, organizational and legal measures. Critical infrastructure, network and information systems and services, such as e-banking and e-commerce, play a significant role […]
According to the Companies Act (“Off. Herald of RS”, Nos. 36/2011, 99/2011, 83/2014 – other law, 5/2015, 44/2018, 95/2018, 91/2019 and 109/2021) (hereinafter “The Act”) a joint stock company is a company whose share capital is divided in stocks held by one or more stockholders who are not liable for the company’s obligations, except in […]
On 19 May 2021, the Ministry of Justice of the Republic of Serbia (the “Ministry“) published on its official website the Draft Law on Amendments to the Law on Civil Procedure (the “Draft Law“) which brought substantial changes to the provisions governing civil procedure. These amendments have provoked controversies and debate in the Serbian community […]
The National Assembly of the Republic of Serbia adopted the Law on Electronic Invoicing (hereinafter: the Law) which entered into force on 7 May 2021. The Law determines the scope of entities authorized to access and use the data available in the system of electronic invoices, as well as the conditions and manner under which […]
According to the information accessible by the Bankruptcy Supervision Agency, as of the 1st of April 2021, there are 1813 active bankruptcy proceedings in total on the territory of the Republic of Serbia. The average duration of proceedings initiated according to the Law on Bankruptcy is 1 year, 8 months. The draft law on the […]
The COVID-19 virus pandemic continues to have an effect on the hospitality industry, with certain forecasts suggesting that it could take more than five years for this sector to fully recover. The complexity and importance of the hospitality industry and its impact on the economy in general and other local businesses is making it more […]