News
Albanian Parliament Enacted the Law on the Central Register of Bank Accounts
The Albanian Parliament recently enacted the Law on the Central Register of Bank Accounts, which constitutes an additional tool in the fight against money laundering and financing of terrorism.
Amendments to Banking Law, Capital Markets Law and Related Laws and Regulations
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.
Serbian Staff Leasing Act - Catching up with Reality
Despite ideological and legal differences between the social partners (employers’ and trade unions) that emerged in the course of its drafting, the Staff Leasing Act (“Act“) was finally adopted on 6 December 2019 and will become applicable on 1 March 2020 (except for the provisions on licensing of the staff leasing agencies, which will become applicable on 1 January 2020).
"Invest in Greece" Law: The highlights
The hotly discussed development bill has been passed by the Hellenic Parliament on 24 October 2019 bearing number 4635/2019 and title “Invest in Greece” (the “Invest in Greece” Law).
Tax Reform to Affect Serbian IT Industry
On 23 September 2019, the Serbian Prime Minister announced a reform of the taxation of self-employed sole entrepreneurs. The new rules are supposed to become effective as of 1 January 2020. If enacted in the present form, they will affect sole entrepreneurs who are engaged in service contracts exclusively with one employer. The largest effect will be on the IT industry.
Serbia: Yet another brush-up of the legislation on enforcement proceedings
The Amendments to the Enforcement Act (“Official Gazette of RS”, No. 54/2019) came into force on 3 August 2019 (“Amendments“) but will, all but one, become applicable only on 1 January 2020.
COVID-19
Corporate Governance and Registration with the Romanian Trade Registry during COVID-19 – Emergency Kit Required
As of 16 March 2020, the day when the state of emergency was declared in Romania, the Government has adopted an impressive number of pieces of legislation aimed at preventing and limiting the spread of the new coronavirus, on one hand, and at reducing the negative impact on the economy of the implemented solutions, on the other hand. To be specific, about 75 acts (primary and secondary legislation) were adopted in the course of approximately one month.
Urgent Administrative Measures to Address the Need to Limit the Spread of Covid-19
Focusing its efforts to assure the sufficiency in means of personal protection and personal hygiene, the new legislative act provides a substantial package of measures in response to the coronavirus threat.
