New Banking and Financial Leasing Moratorium in Serbia
Author: Jelena Malesevic, BDK Advokati
Obligations subject to the moratorium
Less than a month after the expiry of the first COVID-19-related moratorium on corporate and retail debt, to Serbian banks and financial leasing companies, the National Bank of Serbia has imposed a new moratorium on payment obligations owed to banks under banking products (such as loans, overdrafts, credit cards, hedge instruments such as interest rate swaps, and bank guarantees) and financial leasing companies.
The moratorium does not apply to payment obligations arising under banking services such as payment…
Novelties Brought to Employers by the Slovenian Fourth COVID-19 Act
Authors: Sanda Planinc, Kaja Baskovic, SELIH & PARTNERJI Law Firm
On 9 July 2020, the Slovenian Parliament adopted the Act on Intervention Measures to Prepare for the Second Wave of COVID-19 (hereinafter the Fourth COVID-19 Act). Its provisions entered into force on 11 July 2020, with the exception of provisions regarding the extension of reimbursement of the salary compensation for employees temporarily waiting for work; the latter are applicable retroactively, namely from 1 July 2020.
This article presents a summary of the provisions of the Fourth COVID-19 Act, which are of the highest…
New Safety and Health Measures the Employers Must Take During an Epidemic
Author: Marija Gligorevic, BDK Advokati
The Serbian Ministry of Labour adopted the Rulebook on Prevention of Epidemics of Infectious Diseases (Pravilnik o preventivnim merama za bezbedan i zdrav rad za sprečavanje pojave i širenja epidemije zarazne bolesti, “Official Gazette of the Republic of Serbia” no. 94/2020) (“Rulebook“), which will become applicable on 11 July 2020.
The employers must enact a Plan on Implementation of Measures for Prevention of Epidemics of Infectious Diseases (“Plan“) until 10 August 2020 and, while an epidemic is ongoing, regularly adjust it to the orders…
COVID-19: New Tax Measures Adopted by Law 4690/2020
Authors: Panagiotis Pothos, Ioanna Barmpa, Emmanouela Kolovetsiou, KG Law Firm
The measures introduced by the Legislative Acts of 13 April 2020 and 01 May 2020 in relation to the COVID-19 outbreak were ratified by Law 4690/2020 which was published on the Government Gazette A 104/30.05.2020. Also, a number of additional measures have been introduced by the Greek Government through the new Law, the most important of which are the following:
Extension of the 25% discount for timely payment of assessed tax liabilities and instalments of assessed liabilities as a result of a settlement, with payment…
CEE Legal Matters: Interview with Tatjana Shishkovska, Partner at Polenak Law Firm
Tatjana Shishkovska, partner at Polenak Law Firm talked about North Macedonia’s NATO accession and the green light to opening EU accession talks, which are strong indicators of political stability in North Macedonia, in the latest edition of CEE Legal Matters.
Post COVID-19: Financial Support for Investment Projects in North Macedonia
1. Introduction
On 09 June 2020, the Government of the Republic of North Macedonia (the “Government”) adopted a decree with a legal effect as a law that extends the provision of financial support to companies in the industrial sector by co-financing investment projects in the period between March 2020 and December 2021.
2. Amount of the financial support
Companies may be provided with financial support in the amount of up to 25% of the realized investment project in accordance with the investment plan. Depending on the total revenue in 2019, the companies may apply for:
up to EUR 40,000…
The 'New Normal' of the Reopened Workplace
Authors: Iva Djugumanova and Ivana Slaveska, Polenak Law Firm
The Government of the Republic of North Macedonia adopted the Protocol on preventive measures for all workplaces in order to prevent transmission of COVID-19.
This Protocol is applicable for all workplaces and all people in the workplace, such as employers, employees, managers, contractors, customers and visitors. It includes measures related to personal hygiene and protective equipment, recommendations for respiratory hygiene and physical distancing in the workplace, as well as reducing travel related to work and a separate organisation…
Intervention Measures to Encourage Significant Investments in Slovenia After the COVID-19 Epidemic
Authors: Marusa Polak, Miha Hocevar, Natasa Pipan Nahtigal, SELIH & PARTNERJI Law Firm
On 29 May 2020, the Slovenian Parliament adopted the Intervention Act to Remove Obstacles to the Implementation of Significant Investments to Start the Economy After the COVID-19 Epidemic (hereinafter “Act”). Its purpose is to accelerate kick-start of significant investments in the Republic of Slovenia as soon as possible after the COVID-19 epidemic ends, which should enable accelerated commencement of economic activity and growth in key investment sectors of the Slovenian economy.
The new Act sets…
New State of Emergency
On 30 May 2020 the President of the Republic of North Macedonia declared a new state of emergency, the fourth in a row, for a period of additional 14 days.
