One of the most important documents governing the structure and operation of a company is its Articles of Association. However, in Kosovo, many shareholders and business owners often pay little attention to reading and reviewing this document. In most cases, shareholders focus on specific matters, such as ownership, and rarely examine the other provisions of…
Taxpayers in Kosovo are facing a serious problem: the disproportionate imposition of tax liens by the Tax Administration of Kosovo (TAK). In many cases, for an outstanding tax debt of EUR 100,000, TAK may impose a lien on property worth several times more, for example, EUR 5 million. Such a measure fails to respect the…
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…
Law No. 06/L-085 on the Protection of Whistleblowers aims to facilitate the reporting of violations in both the public and private sectors and to protect whistleblowers from detrimental actions. Under this law, private employers with more than 50 employees are required to appoint a responsible officer for whistleblowing. Furthermore, private employers must establish, through an…
Author: Valmir Haziraj Healthcare, education, sales, procurement, and governance are some fields that will significantly benefit from using electronic signatures. With the advancement of technology and digitalization, our daily lives have changed, making electronic signatures increasingly important. They not only enhance efficiency and security in electronic transactions but also simplify many administrative and legal procedures. Given…
Our colleague Valmir Haziraj is participating in a four-day Sustainable Governance Empowerment program organized by the Business Consultants Council in Pristina, with support from the EBRD and the European Union. In this program, Valmir is deepening his expertise in Corporate Governance and ESG, recognizing their critical role in fostering a sustainable business and economic environment….
Meaning, procedures and consequences of failing to submit a request for authorisation of a concentration to the Kosovo Competition Authority Authors: Florin Lata & Urtina Shkreli The Republic of Kosovo, through its Constitution and legislation, has adopted a market economy based on free competition as its economic model. State institutions must ensure that free competition…
We are pleased to announce that Vokshi & Lata law firm has been reconfirmed as a “recommended law firm” in the field of “leading firms” by one of the most prestigious sources in the world, Legal 500. Legal 500 has also individually assessed our lawyers with the highest ratings: Mr. Adem Vokshi has been rated…
Author: Senat Elshani On 28 January 2024, Law No. 08/L-257 on Tax Procedure Administration entered into force in the Republic of Kosovo. The new law establishes a comprehensive legal framework governing tax obligations, rules, and procedures in Kosovo. Repeal of Previous Legislation With the entry into force of the new law, the following laws have…
Artificial Intelligence (AI), one of the most significant and rapidly evolving technological developments of recent years, is being regulated at the European Union level for the first time. The European Parliament and the Council of the European Union have reached an agreement to establish a comprehensive legal framework governing Artificial Intelligence, as well as to…