Recent news highlights — corporate and energy and infrastructure
According to recent amendments of the Company Law (2004) in Macedonia, the companies that have not performed any business activities in the last three years, will be declared as inactive by the Central Registry of the Republic of Macedonia and in cooperation of the Public Revenue Office such companies shell be deleted from the administered trade registry. According to the estimations announced in the media, this new amendment will bring an end to approximately 50,000 registered trade companies in Macedonia. The main goal of the amendment is to increase competition on the Macedonian market and to create a clear picture of functional and active firms in the country.
Aside the aforementioned change, the amendments tackle the approval of business deals with interested parties in listed joint stock companies. The amendments broaden the rights of the minority shareholders, enabling them to seek annulment before a competent court in a period of one year since the conclusion of agreements they find unfair and damaging for the company…
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Briefings from Karanovic & Nikolic
Personal data processing — are the operators of public communication networks in compliance with the law?
A procedure of supervision of operators of public communication networks and services has been initiated.
Today, amendments to the Serbian Competition Law entered into force. The key changes are related to the proceedings and statute of limitations provisions.
Analysis from The Lawyer
Although there has been a downturn in M&A work, elections and legislative change have helped keep Serbia’s legal community busy
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