Recent news highlights — corporate and energy and infrastructure

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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.