After the recent alignment of Romanian state aid law with applicable European law, the procedure for granting state aid in Romania has also been updated as follows:

The new changes of the Company law published on the 21st of April, 2022, introduce the “real” convertible loan institute for the limited liability companies in North Macedonia.

TGS Baltic has advised I Asset Management on obtaining an alternative investment fund manager license under the Alternative Investment Funds Managers Directive, to operate throughout the EU.

Starting from March 23, 2022, Serbian Business Registers Agency (“the SBRA”) has allowed the use of electronic signature in cloud in the Special Information System for drafting and submission of financial statements.

One of Ukraine’s legal responses to Russia’s full-scale aggression was a legislative initiative aimed to confiscate the property of the aggressor state. On 3 March, the Ukrainian Parliament put this initiative into practice by adopting the Law of Ukraine “On Basic Principles of Confiscation of Property Held in Ukraine by the Russian Federation and its Residents” (“Law”), and on 10 March, the Law was signed by the President.

According to the Law on Archival Materials and Services (Official Gazette of RS no. 6/2020) (“the Law”), creators and holders of archival and documentary material shall be obliged, in addition to other obligations set out by the Law and by-laws passed thereunder, to submit to the competent archive a transcript of archive book no later than April 30 of the current year, for documentary material created in the previous year.