The Future of Law firms with the Emergence of AI
The rise of artificial intelligence (AI) and its application across various industries has inevitably raised questions about its impact on the legal profession. How will AI affect law practice? Will it reduce law firms’ revenues? Will it limit career advancement for lawyers? How will it impact opportunities for legal interns and associates, and how will […]
Convertible Loans: A Win-Win for Investors and Startups
With the recent amendments to the Companies Law, legislators introduced the institute of convertible loans—an eagerly anticipated option for investors and startup companies in North Macedonia. In 2022, through amendments to the Companies Law, lawmakers provided investors (third parties) with the ability to convert provided loans into shares. This conversion process involves increasing the company’s […]
Sustainable Development of the Mining Sector in North Macedonia
Overview Despite being a relatively small country, the Republic of North Macedonia has a significant history in the exploitation of mineral resources. In the past year 2022, data indicates that the top 5 mining companies alone generated a total revenue of nearly 270 million euros, with a net profit of around 68 million euros. While […]
Transfer of Mineral Resources Exploitation Concession
The holder of a concession for the exploitation of mineral resources – the Concessionaire, during the duration of the concession granted by the state – the Grantor, may transfer the concession to another legal entity, respecting the procedure prescribed in detail by the law. The procedure for transfer of exploitation concession of mineral resources is […]
WHY THE NDA CLAUSE IN THE EMPLOYMENT AGREEMENTS?
PART 2 – The NDA clause in North Macedonia In the legal framework of Macedonia, particularly within employment law, there exists a fundamental legal obligation concerning the preservation of business secrets. This obligation is of utmost importance and is treated with significant gravity by the legislator in the realm of legal relationships between employees and […]
WHY THE NDA CLAUSE IN THE EMPLOYMENT AGREEMENTS?
PART 1 WHAT EXACTLY IS AN NDA CLAUSE? Generally, non-disclosure agreements, commonly called NDAs, serve as legally binding contracts between involved parties, with the primary purpose and the core meaning of those agreements being to safeguard the confidentiality of specific and sensitive information. Its sensitivity comes from the fact that the information is the company’s […]
DIVORCE LAWSUIT- one of the ways to terminate a marital union
Divorce is significant and sensitive issue that affects families worldwide, and North Macedonia is no exception. In recent years, divorces in North Macedonia have seen a notable increase, reflecting evolving social and economic factors that influence martial relationships. In accordance with the Family Law of North Macedonia, marriage is legally regulated union of life between […]
Labor Law Regulation of Management Agreements in Macedonia
Management agreements as an institute are always subject of interest and discussion and are especially tempting for Managers and Companies who want to give their mutual relationship special characteristics, individually defined rights, benefits, obligations and responsibilities. In the Macedonian legislation, the Management agreement is stipulated in the Labor Law and the Companies Law, both offering […]
Macedonian Law: Video Surveillance and Personal Data Protection
INTRODUCTION The processing of personal data via video surveillance in North Macedonia is generally subject to the Law on Personal Data Protection (Official Gazette of Republic of North Macedonia no. 42/20 and 294/21) (hereinafter as the Law) and the by-laws adopted by the Personal Data Protection Agency. The Macedonian legislation in this area is aligned […]
Investment opportunities in North Macedonia
Tax incentivizes for the investors in Technological Industrial Development Zones and in accordance with the Law on the Financial Support of Investments Investment Opportunities in North Macedonia and How Our Law Firm Can Assist In 2007, the Republic of North Macedonia, a developing country, enacted the Law on Technological Industrial Development Zones (TIDZ) to encourage […]
