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…

Impact of COVID-19 on Holding the General Shareholders Meetings in Romania – New Temporary Measures for Non-listed Companies Only

The long-awaited government enactment on the holding of the general meeting of shareholders in the context of the COVID-19 outbreak was finally passed in the form of the Government Emergency Ordinance No. 62/2020 that entered into force on 8 May 2020.

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.

Update on COVID-19-related Fiscal Incentives and Direct Financial Aid to Corporate Sector in Serbia – Status on 1 May 2020

BDK Advokati provides an update on COVID-19-related Fiscal Incentives and Direct Financial Aid to the corporate sector in Serbia.

Public Call for Loan Applications

The Development Bank of the Republic of North Macedonia announced its second public call for providing interest-free loans to local companies.

Montenegrin Government Adopts Measures to Support the Economy amidst the Coronavirus Epidemic

The Government of Montenegro adopted two sets of measures in order to mitigate the adverse effects of the COVID-19 epidemic on the economy, as well as on the most vulnerable categories of citizens.

Update on COVID-19-related Fiscal Incentives and Direct Financial Aid to Corporate Sector in Serbia

Commercial entities qualify for the fiscal incentives and direct financial aid if they have not reduced their employee headcount in the period from 15 March 2020 until 10 April 2020 for more than 10%

General Assembly and Anti-Covid-19 Measures in Croatia

Companies usually hold their general assemblies at the end of the first quarter of a given year. However, given the current global COVID-19 pandemic and strict national measures introduced with the aim of combating the further spread of the virus, the holding of (mostly already convened) general assemblies has been severely hindered, and their postponement is being increasingly considered.

New Decree on Corporate Governance of Local Companies Passed in North Macedonia

The Government of North Macedonia has passed a new Decree relevant for corporate governance of local companies.