On 22 May 2025, the Republic of Serbia was officially included within the geographical scope of the Single Euro Payments Area (“SEPA”) payment schemes, becoming its 41st member.
Montenegro’s proposed Law on Mediation in Real Estate Sales and Leases seeks to formalize the sector by requiring intermediaries and agents to register through an official system, ensuring only authorized entities—including qualified EU/EEA businesses—can operate.
The Institute of Settlement, within the scope of misdemeanors, was introduced into Macedonian legislation by the Misdemeanor Act in 2019 as a modern tool for efficient legal sanctioning of legal entities.
The Extension of Time (EoT) mechanism is widely used in construction contracts to account for delays beyond the contractor’s control.
Serbia’s new Law on the Central Register of Beneficial Owners, effective March 2025, introduces stricter transparency measures aligned with anti-money laundering regulations.
When a company is formed during marriage using joint funds, Montenegrin law grants ownership rights only to the formally registered spouse, even if the investment came from shared marital assets.
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