Changes of the Law on associations and foundations

Prompted by the current developments in the Republic of North Macedonia, and with the focus of more precisely regulating the mechanism and mission of the functioning of citizens associations and foundations, in the Official Gazette of the Republic of North Macedonia no. 239/2022 of 08.11.2022 have been published amendments and...

New Law on Payment Services and Payment Systems

On April 12, 2022, the new Law on Payment Services and Payment Systems was adopted, and it entered into force on January 1, 2023. With the adoption of this Law, domestic legislation is harmonized with the directives of the European Union in relation to payment services ("PSD2" directive), which enables...

Reporting of concentrations under the Law on protection of the competition

It is evident that the current business environment requires companies to constantly diversify their offer in order to remain competitive in the market. Diversification for companies presupposes the expansion of its portfolio. Often, this means that the company is willing to acquire or merge with another company that has a...