Alta Banka Bankruptcy: Large Companies Have No Deposit Insurance — What They Can Do
Payout of insured deposits of Alta Banka a.d. Beograd began on 13 November 2026. For individuals, entrepreneurs and micro, small and medium-sized companies this means recovery of up to EUR 50,000 without waiting for the outcome of the bankruptcy. For large legal entities there is no payout at all: the entire balance on accounts and […]
Filing creditor claims in the Alta Banka bankruptcy: deadline, content and procedure
On 3 November 2026, the Commercial Court in Belgrade opened bankruptcy proceedings against Alta Banka a.d. Beograd, and the Deposit Insurance Agency was appointed bankruptcy administrator. For every creditor whose claim is not covered by deposit insurance, the key step is a timely and complete filing of the claim — without it, the right to […]
IVVK Lawyers Secures Umbrella AIF and Sub-Fund Licences for STAR FINANCE
We are pleased to announce that, in a licensing procedure led by IVVK Lawyers, the Securities Commission of the Republic of Serbia has issued a decision granting our client, the alternative investment fund management company STAR FINANCE AD Beograd: Umbrella fund structures are still a novelty on the Serbian market. They allow several sub-funds, each […]
Alta Banka Bankruptcy: What Companies and Entrepreneurs Should Do
Alta Banka is in bankruptcy: how companies and entrepreneurs collect the insured deposit, file creditor claims above EUR 50,000 and keep the business running.
Alta Banka Bankruptcy: How to Recover Your Money
On 30 October 2026, the National Bank of Serbia (NBS) revoked the operating license of Alta Banka a.d. Beograd, following supervisory measures and a previously imposed interim measure. At the same time, the NBS found that the conditions for opening bankruptcy proceedings were met, and management of the bank was transferred to the Deposit Insurance […]
Tokenization in Serbia: A Legal Guide for Investors and Businesses
Why is Serbia one of the most attractive jurisdictions for tokenization in Europe? In 2021, Serbia became one of the first countries in Europe to adopt a comprehensive legal framework for digital assets — the Law on Digital Assets (Official Gazette of the Republic of Serbia, No. 153/2020). This law established the legal certainty and […]
How Foreign Investors Can Inject Capital Into Serbian Subsidiary: A Complete Guide
Picture this: Your Dutch company has a subsidiary in Belgrade. Business is going well, but you need EUR 500,000 for a new project. The local director says he needs the money by month-end. Your CFO in Amsterdam asks: “How do we inject capital into Serbian subsidiary without making a tax mistake?” We hear this question […]
Alternative Investment Funds: Navigating Legal Challenges for Seamless Incorporation
In recent years, the Republic of Serbia has adopted a set of laws on Alternative Investment Funds (“AIFs”) to harmonize its legal landscape with the European Union (“EU”) and attract more investors into the country, thus enabling an additional way of capital inflow into the country. The reason for AIFs surge in popularity can be […]
Stricter Procedures for Loans Between Natural Persons Introduced
Protection against financial crime and fraud is at the core of the legal framework regulating financial transactions. While legal entities are often the primary focus of these regulatory measures, natural persons also require attention in the context of informal financial transactions. Recent amendments to the Law on Public Notaries that came into force on 6 […]
Corporate Bonds – an Investment Opportunity Created by Naftna Industrija Srbije
Naftna Industrija Srbije (NIS), the largest oil and gas producer in Serbia, has launched a unique investment opportunity in the Serbian market. The company’s shareholders have decided to issue five-year corporate bonds valued at approximately EUR 50 million. This method of fundraising is not that often pursued by corporations in Serbia, making it particularly attractive to […]