COVID-19 Montenegro Update
Tax-Related Measures introduced in Montenegro due to COVID-19 Outbreak
Last Updated on 25 March 2020, 12:00 CET Unlike most of the countries in the region, Montenegro did not yet declare a state of emergency, nor declare an epidemic of COVID-19. Furthermore, the Montenegrin authorities did not introduce many tax-related measures in other to curb the effects of the coronavirus outbreak. In terms of wording, […]
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COVID-19 Bosnia and Herzegovina Update
Changes to Tax Regulations in Bosnia and Herzegovina due to COVID-19 Outbreak
Last Updated on 25 March 2020, 12:00 CET The Government of Federation of Bosnia & Herzegovina (FBH) announced that the Ministry of Finance is working on the reduction of the corporate income tax rate of up to 50% on 16 March 2020, because of the current situation. It has also been announced that all […]
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Privacy in the Time of Corona
As almost the entire world is under a lockdown caused by the COVID-19 pandemic, countries are racing to use any means available to combat the disease and hinder its rapid spreading. Many of them are starting to use innovative technology for this purpose, including digital surveillance tools for monitoring citizens’ whereabouts, which are proving to […]
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New Tax Measures Introduced in Serbia due to COVID-19 Outbreak
Due to the COVID-19 outbreak, Serbia declared a state of emergency on 15 March, and a virus epidemic on 19 March. The authorities have announced specific tax measures aimed at protecting the health and safety of its citizens and curbing the economic impact. Reduction of interest for late payments First specific tax measure during […]
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Force Majeure and COVID-19 in Bosnia and Herzegovina
The current situation regarding the outbreak of the COVID-19 pandemic caused the need for the competent authorities to take certain repressive measures, with the primary objective of protecting public health. However, such measures inevitably influenced the development of economic flows in all countries, including Bosnia and Herzegovina. In this way, the business capacities of many […]
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Employers Guide to Measures Introduced During the COVID-19 Outbreak
As the Serbian Government continually introduces new measures and restrictions in an attempt to control the COVID-19 outbreak, several issues have arisen in respect of employment relations in the past few days. Having in mind the frequent updates and amendments of the situation, and in order to avoid panic at the workplace, the employers should […]
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Employment Situation in North Macedonia During the COVID-19 Outbreak
On 18 March 2020, the President of the Republic of North Macedonia declared a state of emergency due to the Coronavirus (COVID-19) throughout the entire territory of the country for 30 days, with the possibility of extension. During the past week, the Government of North Macedonia (“Government”) adopted several measures listed below that affect the […]
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Government of Croatia Prolongs Tax Payments due to COVID-19 Outbreak
The Croatian Government adopted 66 economic measures due to the COVID-19 outbreak on 17 March, with their main purpose being the preservation of jobs and financial liquidity. In accordance with the measures concerning tax issues, the Croatian Parliament amended the General Tax Act, Profit Tax Act, and the Income Tax Act. The main amendment is […]
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Central Bank of Montenegro Issues Moratorium on Loans and Leasing
As Montenegro had become the latest country in the region to be struck down by the unfortunate developments regarding the COVID-19 outbreak, the Central Bank of Montenegro adopted the Decision on Temporary measures for mitigating the negative effects of new coronavirus on the financial system, effective from 20 March 2020 and available on the official […]
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Government Regulates Deadlines in Court Proceedings During the COVID-19 State of Emergency
Last Updated on 21 March 17:00 CET Five days after the introduction of the state of emergency in Serbia, the Government decided to implement certain measures related to performing certain legal actions in litigations and other court proceedings that are currently being disrupted due to several previous recommendations of the Ministry of Justice on limiting […]
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Moratorium on Loans and Other Financial Measures to Maintain Financial Stability in Slovenia due to COVID-19 Epidemic
Last Updated on 6 April 2020, 21:00 CET In an effort to help businesses due to unfortunate developments with COVID-19 and declaration of epidemic in Slovenia, the Slovenian government has adopted an Act on emergency measures of payment deferral of the borrowers, which shall be valid for 18 months. The aim of this act is […]
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Employment Situation in Slovenia During the COVID-19 Outbreak
After Slovenia closed schools followed by an announcement of an epidemic on 12 March and the Prime Minister called for self-isolation, questions arose regarding what happens to employment relationships and how the businesses should react. Suddenly working from home, where possible, seemed to be the only solution to prevent COVID-19 from spreading. The competent Ministry […]
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Intellectual Property in the Balkans and EU During the Coronavirus Outbreak
Last Updated on 27 March 2020 All countries in the region undertook measures for ensuring the protection of public health due to the COVID-19 outbreak. Personal contact is limited to a minimum, and direct filings before the local IP offices are a rare option. In North Macedonia, the parties, in practice, could communicate with the […]
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Remote Work during COVID-19 Epidemic in Croatia
Croatian Labour Act already provides the possibility for employers to agree to remote (home) work with their employees, following certain requirements (specific content of employment agreements, in addition to standard provisions – such as working hours, required equipment, compensation of work-related costs, etc). Employees working remotely are entitled to the same rights as regular employees […]
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COVID-19 as Force Majeure under Slovenian Legislation
As governments implement ever stricter measures to combat the global COVID-19 pandemic more and more businesses find themselves in the unfortunate position in which they are unsure if they will be able to perform their contractual obligations to their business partners. The Slovenian Government has imposed several measures aimed at slowing the virus spread, such […]
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North Macedonia Introduces Measures to Combat COVID-19 Outbreak
The President of the Republic of North Macedonia declared a state of emergency to combat the outbreak of COVID-19. The measure will initially be in place for 30 days. The Government of the Republic of North Macedonia (“Government“) also announced an initial set of economic measures for mitigating the consequences suffered by the businesses and caused […]
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National Bank of Serbia Introduces Moratorium on Loans and Leasing due to COVID-19 Outbreak
Last Updated on 19 March 2020, 15:00 CET Due to the developments regarding the outbreak of COVID-19 and the declaration of a state of emergency in Serbia, the National Bank of Serbia (“NBS”) undertook emergency measures to facilitate the position of citizens and businesses in servicing debts. The two decisions on temporary measures (the “Decisions”) […]
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Effects of COVID-19 to Contracts – is it Enough to Call it Force Majeure?
Last Updated on March 19, 12:00 CET The current COVID-19 outbreak and severe and numerous preventive and restrictive measures governments are continually introducing are first and foremost a global health concern. However, this situation has already caused significant distortions to businesses and their ability to perform their contractual obligations. The question of all questions seems […]
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Karanovic & Partners’ Approach to COVID-19 Outbreak
In line with the latest developments regarding the COVID-19 outbreak, Karanovic & Partners followed the advice given by the authorities to its maximum extent. With that being said, our team has been instructed to work remotely from home, and our daily operations continue uninterrupted. This measure has been applied in all our cooperating offices. In […]
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Karanovic & Partners Ranked as a Leading Law Firm in Chambers Europe 2020
Karanovic & Partners is proud to announce that we have once again been listed among the leading law firms in Europe in the latest edition of Chambers Europe 2020. In the newest edition of Chambers guide, eight practice areas within Karanovic & Partners legal practice rank Band 1 – including Corporate/Commercial, Banking & Finance, Competition/Antitrust, […]
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