New property transfer tax law

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Related briefings

Amendments to the law on consumer protection in case of consumer credit agreements

The legal protection of consumers when concluding consumer credit agreements is one of the priorities and goals of the Republic of North Macedonia directed towards creating a single market, harmonized with the overall legislation of the European Union. The Law on Consumer Protection in Case of Consumer Credit Agreements (“Law”) already provided that the creditor […]

Further liberalization of capital flows and investment opportunities abroad

By signing the Stabilization and Association Agreement with the European Communities and their Member States (“SAA”), the Republic of North Macedonia committed itself to the free movement of capital, one of the basic principles upon which the European Single Market is based. This principle implies phase liberalization of capital flows. The transition into the second […]

New public procurement law

After the announced reform of the public procurement procedures in 2017, at the beginning of this year the National Parliament adopted the new Public Procurement Law (“Law”). This new piece of legislation embodies the current EU public procurement rules and sets the legal landscape which is expected to result with transparent and efficient spending of public funds. […]

New and enhanced foreign exchange controls

As we previously highlighted, the last changes of the Foreign Exchange Law brought important novelties in the sphere of foreign exchange supervision. Specifically, starting from 1 January 2019 the National Bank of Serbia (“NBS”) assumed the competencies from the Tax Administration for performing foreign exchange control of operations of all types of residents and non-residents. Subject matter […]

The door to employee share schemes in Serbia finally opened?

There are certain new developments related to employee share schemes (“ESS”) in Serbia that could finally lead to enabling of application of foreign companies’ ESS to Serbian employees as well. Foreign companies commonly expressed interest to offer some form of ESS to the employees engaged in their subsidiaries in Serbia, allowing them to profit of […]

Latest Briefings

Significant Beneficial Ownership: MCA Releases Amended Rules

On 8 February 2019, the Ministry of Corporate Affairs (MCA) released the Companies (Significant Beneficial Owners) Amendment Rules, 2019 (New SBO Rules) to revise and amend the Companies (Significant Beneficial Owners), 2018 (Old SBO Rules). The New SBO Rules have once again kick-started the process of requiring significant beneficial owners to start the reporting procedures. […]

Bermuda’s beneficial ownership registers and privacy: status update and further observations

Bermuda companies, limited liability companies and partnerships have until 30 April 2019 to update or verify beneficial ownership information under Bermuda’s ‘beneficial ownership legislation’. Bermuda’s central register of beneficial ownership information is held on the Bermuda Monetary Authority’s (BMA) “Integra portal”, a secure online registration and filing system. Currently, under Bermuda law, the information on […]

Trusts vs. Foundations: What are the deciding factors?

Trusts have been around for a long time. Their use in the context of succession and wealth planning as well as philanthropy is well established. Foundations, on the other hand, are relatively new (certainly to common law jurisdictions such as Jersey) and as a result there are fewer of them. However, they are being increasingly […]

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Staples

Shoosmiths on call as former Staples chain plunges into administration

Shoosmiths has been drafted in on the administration of stationery chain Office Outlet, just six months after it underwent a company voluntary arrangement (CVA). The firm, led by Birmingham-based restructuring partners James Keates, Aaron Harlow and senior associate Charles Williams, is advising Deloitte in the administration process as a new buyer is sought. Richard Hawes and […]

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Clydes doubles female media exposure in profile-raising initiative

Clyde & Co‘s initiative to raise the profile of its female lawyers and staff has resulted in almost twice as many women being quoted in the media than at this stage last year. Since launching the initiative on 7 January, the firm has seen women comprise 38 per cent of all Clydes’ spokespeople quoted in […]

St Pauls Hotel

City firms called in on £1bn hotel deal

A quartet of firms have won top roles on the £1bn sale of four of the Grange Hotel’s London leases, while Allen & Overy and Clifford Chance took the lead on financing matters. Bryan Cave Leighton Paisner (BCLP), Hogan Lovells, Brown Rudnick and Gowling WLG all advised on the sale of the buildings to Queensgate […]

Philip Dayle appears in Privy Council

The Privy Council yesterday (30.01.2019) heard arguments that the Police Service Commission in Jamaica breached fundamental rights by promoting a senior police officer, while serious allegations against him had not yet been investigated. Philip Dayle appeared for the appellant, Jamaicans for Justice, a human rights organisation based in Jamaica. He was led by Hugh Southey […]

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