NEW BANKRUPTCY LAW ENTERS INTO FORCE IN KOSOVO
- September 5, 2024
On 21 August 2024, Law No. 08/L-256 on Bankruptcy entered into force, replacing Law No. 05/L-083. The new law essentially retains most of the provisions of the previous legislation but introduces several important changes, including the following: 1. Application exclusively to business organizations The previous law contained certain ambiguities regarding its applicability to individuals. The…