With the entry into force of the Law on the Legalization of Unauthorized Buildings in Montenegro (effective 1 August 2025), a new framework has been introduced to address unauthorized construction and unclear property titles.
North Macedonia has joined the Single Euro Payments Area (SEPA), a European Union project creating a unified zone for euro payments.
On October 22, 2025, the Office of Foreign Assets Control of the United States Treasury (“OFAC”) updated the Specially Designated Nationals (“SDN”) list, which included LUKOIL OAO (“Lukoil”) and 3 more of its subsidiaries, and in this way the USA extended sanctions to Lukoil as well.
Imagine facing a massive iceberg as it rises from the ocean. What we see is only a small part of its size—the largest part, its true mass, is hidden beneath the surface.
On 20 October 2025, in line with the EU’s strategy to completely ban imports of Russian gas and oil, the Council of the EU adopted a proposal for a Regulation on phasing out Russian natural gas imports, improving monitoring of potential energy dependencies and amending Regulation (EU) 2017/1938 (the “Regulation”).
While interim measures are a critical tool for arbitral tribunals, their power remains fundamentally limited by their contractual nature and the lack of powerful authority.
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