This article prepared by Dajana Drljević, Associate in JPM Podgorica office, highlights several key changes for the most common business form, the Limited Liability Company (LLC), including:
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Electronic Incorporation: The possibility to establish a company entirely online without physical presence.
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Enhanced Minority Protection: Stronger rights for shareholders, particularly concerning the valuation of non-monetary contributions.
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Clearer Governance: Mandatory content for company statutes and clarified rules for share transfers and management bodies.
Companies will have a three-month transition period from the effective date to align their operations with the new requirements. This reform aims to bring greater legal certainty, clarity, and protection for all market participants.
Stay informed with JPM & Partners as we continue to provide expert analysis on these important developments.
