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 […]
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 […]
Obligations imposed by the special forms of placing on the market
The consumer relations are presented as a specific legal issue, whereby they are different from the other obligations. Since the implementation of the first Consumer protection law the Consumers have been recognized as the weaker party in the consumer relations. Considering the fact that Republic of North Macedonia tends towards full implementation of the European […]
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. […]
Annual Leave: Employee Legal Rights vs. Employee Enablement
The Annual leave, as a legal institute of Employment law, is a right that affects EVERYONE, regardless of the industry, regardless of education, and regardless of job position. The right to Paid Annual leave is a FUNDAMENTAL LABOR RIGHT, which the ILO elaborates significantly in its foundations and regulates in particular in the Holidays with […]
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 […]
