The Government of the Republic of Serbia amended the Decision Declaring Covid-19 Disease Caused by Sars-Cov-2 Infectious Disease.
Love them or hate them, conferences are a fundamental part of the successful commercial lawyer’s calendar. But time is precious. Those calendars are full. It’s vital for conference organizers to get them right, and critical for lawyers to choose wisely in determining which events to attend and which to skip.
The Government of the Republic of Serbia has adopted new Regulation on extending the deadlines for holding a company’s regular General Meeting session and submission of the annual and consolidated financial statements of the companies, cooperatives, other legal entities, and entrepreneurs, as well as deadlines for filing the corporate income tax return and tax return for the income of entrepreneurs, revalidation of certified auditors’ licenses and licenses for real estate valuation that expire during the state of emergency due to COVID-19 Pandemic caused by SARS-CoV-2 virus (hereinafter: “the Regulation”).
The worldwide pandemic of the COVID-19 has forced governments to undertake actions in order to fight the rapid spread of this infectious disease. Since March 15, 2020, Serbian authorities have been imposing various kinds of measures for the purpose of protecting its citizens and preventing the spread of the COVID-19.
Like many other states throughout the World, the Republic of Serbia (henceforth: the Republic) has proclaimed the state of emergency due to the epidemic of the infectious disease COVID-19 on the whole territory of the Republic (henceforth: the State of Emergency) by rendering the Decision on Proclamation of the State of Emergency.
The National Bank of Serbia announced moratorium on all debts towards banks and finance lease providers as a measure to preserve stability of the financial system of Serbia. The measure is part of actions undertaken by Serbian authorities during the declared state of emergency to fight the coronavirus.
The state of emergency due to COVID 19 pandemic was proclaimed in the Republic of Serbia on March 15th 2020, and the Decree on Measures during the State of Emergency („Official Gazette of RS“, no. 31/2020 dated March 16th 2020) and the Decree on Organization of Work with the Employer during the State of Emergency („Official Gazette of RS“, no. 31/2020 dated March 16th 2020), both aiming to regulate in more detail the effects of introduced state of emergency, followed right after. Decrees do not regulate the duration of the state of emergency, whereas the Constitution of the Republic of Serbia prescribes that the state of emergency may last up to 90 days, and it may be renewed under the same conditions upon the expiry of the 90 day deadline.
History has taught us that after all great tragedies, such as the one affecting the World currently, the age of revival arrives, as well as that during the extraordinary circumstances, no matter how serious they are, life finds its path. We at JPM are trying to spend our time working and making efforts so that our common work and goals does not suffer any or suffer minimal damage during the time that the restrictive measures imposed by all governments are in force.