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Before the introduction of the latest amendments to the Company Law of the Republic of North Macedonia (Company Law) on April 29, 2022, it stipulated that only loans provided by sole shareholders to their companies may be converted into share capital.  The practice of conversion overseen by the Central Registry of North Macedonia (CRM) was strict. For example, loans taken over by the shareholder from the companies of the same group were considered ineligible for conversion. 

Paksoy, working with Gowling WLG, has advised UK-listed Volex on its acquisition of Turkish complex wire harness manufacturer Murat Ticaret Kablo for a total consideration of up to approximately EUR 178.1 million. Kinstellar and its Turkish affiliate Gen Temizer Ozer advised the Gora family on the sale of 100% of their shares in Murat Ticaret.

The Macedonian real estate market reached its greatest growth and development in the last ten years. As a result of the increased investments in the real estate market, the legislation that regulates the respective matter is constantly changing to meet the amended conditions resulting from the growth, so we can see simplified procedures for obtaining building permits and simplified procedures for the transfer of ownership rights.

A significant number of landmark energy and infrastructure projects are currently materializing in North Macedonia, with foreign direct investment interest constantly growing as well, according to Veton Qoku, Partner and Attorney-at-Law in cooperation with Karanovic & Partners.

The Public Enterprise for Railway Infrastructure Railways of the Republic of North Macedonia – Skopje has published a contract notice for project implementation support and safeguard services for the construction of a new railway section from Kriva Palanka to the border with the Republic of Bulgaria (“Project”). The 24 km section is the last part – the third phase of the railway Corridor VIII to the Republic of Bulgaria.

The recent dismissal of Vesna Dameva from her position as President of the Judicial Council of North Macedonia was both surprising and concerning – and could spell disaster for the country’s judicial system – according to Law Firm Joanidis Partner Aleksandar Joanidis.

North Macedonia introduces a new minimum wage and price-freezing measures, as the country continues to grapple with workforce shortages, including in the legal profession, according to Bachovski Sinkoli Attorneys Managing Partner Robert Bachovski Sinkoli.

As Lexpo – The Legal Innovation Event returns in 2023 after a three-year hiatus, showcasing the latest trends in legal innovation in Continental Europe, CEELM spoke with Dentons Europe Director of Innovation and Member of Lexpo's Advisory Board Andrea Miskolczi to gain an insight into the current state of technology and innovation in CEE, and what the event's attendees have to look forward to.

In February, the Parliament of the Republic of North Macedonia ratified the Agreement on the Conditions for Free Access to the Labor Market in the Western Balkans and the Agreement on the Interconnection of Schemes for Electronic Identification of the citizens of the Western Balkans as part of the Open Balkans initiative.

White-collar crime has mainly been regulated by the Macedonian Criminal Code (“Code”) from 2004. Certain areas of responsibility that may render authorized persons criminally liable are also stipulated by other laws. We will focus on the main rules on white-collar crime provided by the Code, and certain liabilities provided by the Company Law that may trigger criminal responsibility for shareholders.

2022 was a difficult year. To put a more positive spin on things, Rojs Peljhan Prelesnik & Partners Managing Partner Bojan Sporar, Deloitte Legal Senior Managing Associate Ened Topi, Redcliffe Partners Managing Partner Olexiy Soshenko, Drakopoulos Managing Partner Panagiotis Drakopoulos, and Polenak Partner Tatjana Shishkovska share what was, for them, the biggest positive surprise in 2022.

In today's world, businesses realize the importance of incorporating Environmental, Social, and Governance (ESG) factors into their operations for long-term sustainability. This is important not only for running the business but also for investors who consider these factors in their investment decisions. Stock exchanges play a key role in promoting sustainability for both corporations and investors.

Artificial intelligence (AI) technologies are a combined range of technologies, including machine-learning techniques, robotics and automated decision-making systems used to improve prediction, optimize operations and resource allocation, and personalize service.

The government of Republic of North Macedonia recently introduced a new tax law for solidarity, in an effort to address the consequences of the crisis. In response to the difficult economic and energy crisis faced by vulnerable citizens, as well as companies that have experienced significant increases in revenue as a result of the crisis, the government has implemented a series of measures including subsidies, social protection, tax exemptions, and financial support for domestic energy companies.

A significant labor legal landscape overhaul in North Macedonia, with a long-awaited and long-debated new law being adopted, is what is dominating legal discourse in the country, according to Tosic & Jevtic Managing Partner Ana Tosic Cubrinovski.