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…
Click on the link below to read the rest of the Karanovic & Nikolic briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Karanovic & Nikolic
News from The Lawyer
Briefings from Karanovic & Nikolic
Including novelties regarding the technological industrial development zones and amendments to the law on value-added tax
Mandatory VAT registration of foreign entities, and other changes.
Analysis from The Lawyer
‘Exotic’ investors and opportunities for legal work beyond M&A feature in The Lawyer’s high-level roundtable debate on south-east Europe
Croatia is about to enter the EU, but the path to integration may not be smooth for the Balkan states