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…

The Law on the Amendments to the Banking Law and Certain Laws numbered 7222 (the “Amendment Law”) was published in the Official Gazette numbered 31050 and dated 25 February 2020. The Amendment Law introduces novelties to the Banking Law, Capital Markets Law, Law on Financial Leasing, Factoring and Financing Companies and Law on Debit Cards and Credit Cards.