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 […]
APPLICABILITY OF THE GDPR IN NORTH MACEDONIA
MAIN OBLIGATIONS OF THE CONTROLLERS The issue of personal data protection has become particularly relevant in recent years, especially with the development of the digital era. The latest regulation adopted by the EU to govern this issue is General Data Protection Regulation (Regulation (EU) 2016/679) (hereinafter: GDPR). Is the GDPR applicable in North Macedonia? GDPR […]
Debt Recovery Strategies for Businesses in North Macedonia
Is your company struggling with clients who consistently delay or refuse to pay their invoices? In this blog post, our Law Firm provides valuable insights into effective debt recovery strategies. While the decision on the best approach ultimately lies with you, these methods are shaped by a commitment to fair business practices and cooperation. Pre-Suit […]
North Macedonia’s Real Estate Buying and Selling Process
The process for purchase and sale of real estate in North Macedonia is one of the safest and most reliable in the whole Europe. Th purchase and sale of real estate in North Macedonia are governed by a structured process involving multiple key actors, including Law firms, Notaries and the Real Estate Cadastre Agency. This […]
Interns Employment and Labor Law Legislation in North Macedonia
The Internship Law (“Official Gazette of the Republic of North Macedonia” number 98/19 and 103/21) introduced a novelty in the labor law legislation of the Republic of North Macedonia, i.e. a clear and precise system was established for the employment of interns, ways of securing them, duration of the employment relationship, amount of compensation that […]
Environmental – Social – Governance (ESG), quick guide
What is ESG? ESG stands for Environmental, Social, and Governance. In the last decade Investors are increasingly applying the above mention non-financial factors as part of their analysis process to identify material risks and growth opportunities. Approximately 72% of global investors in 2022 said they use ESG principles in their investment approach and decision making. […]
Registering a Trademark in North Macedonia with a Law Firm
North Macedonia as successor of Yugoslavia is member of almost all the international conventions regarding the protection of intellectual property rights, which guarantees safety and reliability in this matter. The laws applying in North Macedonia regarding intellectual property are completely harmonized with the international conventions and agreements regulating this matter. North Macedonia is member of […]
