How Could Declaring a State of Crisis Affect Companies in North Macedonia?

Author: Metodija Velkov, Polenak Law Firm The adoption of a decision on the existence of a crisis situation by the Government of the Republic of North Macedonia could have implications for the ordinary operations of companies. After the adoption of such a decision, the Government also adopts a decision for the use and management of the resources of other entities in the country for such a crisis. These entities are primarily the bodies of the state administration and the bodies of the municipalities and the city of Skopje. However, the Government may decide to also use the resources of public…

NNDKP Legal & Tax Webinars Series on Your Business in the Online Environment

The COVID-19 pandemic has changed (or in some cases, accelerated), both from an economic and social point of view, the traditional way we do things. In this context, the partial or total relocation or consolidation of the business in the online environment is one of the major challenges that requires a prompt response. Nestor Nestor Diculescu Kingston Petersen, with the support of BusinessMark, is pleased to invite you to a series of webinars designed to provide answers to some of the sensitive legal questions related to how a business operates in the online environment: Your business in the…

Powerful Business Response to Global Health Challenge

Humanity needs from each of us unprecedented contributions to support and enhance healthcare systems’ response to the coronavirus threat.

Tax Exemptions Due to COVID-19 Crisis

In order to help the local businesses, the Government of the Republic of North Macedonia adopted two decrees with legal effect as law, providing tax exemptions primarily for businesses working in most affected sectors, such as tourism, transport and hospitality, applicable to companies and taxpayers which are performing an independent activity.

New Decree Setting Aside the Latest Restrictive Measures on Corporate Law in North Macedonia

Polenak Law Firm’s partner Tatjana Shishkovska provides insight on the latest corporate law changes in North Macedonia, commenting that: "It seems that we are back in business as usual, at least as far as Corporate law is concerned."

Proposal for Act on intervention measures for suppresion of COVID-19 epidemic and mitigation of its consequences for citizens and the economy

On 28 March 2020 the Slovenian government adopted a proposal of the Act on Intervention Measures for Suppression of COVID-19 Epidemic and Mitigation of its Consequences for Citizens and the Economy. Among others, the Intervention Law foresees various measures for the economy.

Is COVID-19 a Force Majeure?

The COVID-19 pandemic has a number of negative economic consequences such as suspension or delay of production and supplies, quarantining of entire countries, closure of borders, cancellation of flights, etc.All these factors affect the performance of obligations under multiple commercial transactions and raise the question of whether a party to a contract can rely on force majeure in order to excuse its failure to perform a contractual obligation without liability.

Certificates for Emergency Situations

The awaited regulation by the Ministry of Economy, Energy and Business Environment on issuance of the Certificate for emergency situations (“CES”) has been adopted through Order 791/2020 relating to the granting of emergency certificates to the economic operators whose activity is affected in the context of SARS-CoV-2 pandemic published on 25 March 2020

To-The-Rescue: Mega COVID-19 Law Proposal

On 24 March 2020 the Slovenian Government presented the main features of the so-called Mega COVID-19 Law that addresses instant help to the economy and the general population.


State Aid in the Time of COVID-19 Crisis

In the face of the COVID-19 pandemic, a number of European countries are taking extraordinary measures in an effort to slow down the spread of infection and cope with the toll that the epidemic is taking on the healthcare sector and economy in general. In addition to being a serious threat to life and health for a large number of people, COVID-19 is hurting the economy through severe disruptions of production, financial markets, supply chains, and workforces.