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Legislation Update: Albania
Albania Aligns Its Payment Services Law with the EU: Key Changes from 1 January 2027
On 22 October 2026, Parliament adopted Law No. 108/2026 amending Law No. 55/2020 “On payment services” (the “Amending Law“), which enters into force on 1 January 2027 and fully aligns Albanian law with PSD2, EMD2, the DORA amending directive and the Instant Payments Regulation. It affects banks, payment and e-money institutions, fintechs and any business […]
Read moreLandmark Financing for North Macedonia's Largest Wind Farm
Qoku & Partners in cooperation with Karanovic & Partners Advises Lenders on Financing of North Macedonia’s Largest Wind Farm
Our colleagues from Qoku & Partners, in cooperation with Karanovic & Partners, advised the European Bank for Reconstruction and Development, the International Finance Corporation (IFC), the private sector arm of the World Bank Group, Erste Group Bank AG and Sparkasse Bank AD Skopje on the financing of approximately EUR 129 million for the first phase […]
Read moreLegislation Update: Albania
Albania Overhauls Its Copyright Law: New Rules for Collective Management Organisations, Online Platforms and Creators
On 22 October 2026, the Albanian Parliament adopted Law No. 110/2026 amending Law No. 35/2016 “On Copyright and Related Rights” (Amending Law). The Amending Law brings Albanian copyright law into line with 14 EU instruments, including the Digital Single Market Directive (EU) 2019/790 and the Collective Rights Management Directive 2014/26/EU. The Amending Law has not […]
Read moreBanking and Finance Update: Serbia
ALTA Bank Loses Its Licence: What Clients and Creditors Need to Know
In announcements published on 31 October 2026, the National Bank of Serbia (“NBS“) confirmed the revocation of the operating licence of ALTA banka a.d. Beograd (“Bank“), following a significant deterioration in its financial position and concerns over liquidity. The NBS also determined that the conditions for bankruptcy were met, transferred management to the Deposit Insurance […]
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