“Vokshi & Lata” has once again been ranked in the prestigious World Trademark Review 1000 (WTR1000), one of the leading international authorities for assessing law firms and professionals in the field of trademarks and intellectual property. This international recognition highlights our continued commitment to delivering high-quality trademark legal services in Kosovo, as well as our…
For years, in Kosovo’s tax practice, the monthly carry-forward of excess VAT has been treated as a claim for tax credit. The same approach continues to be applied today, even though this practice is legally incorrect. As a result, this tax position has been considered subject to the three-year procedural limitation period provided for in…
In everyday practice, we are increasingly observing situations where citizens and businesses face freezing of funds/transactions by financial institutions, even though their financial actions are entirely legitimate. These cases are related to the way transactions are assessed by the financial monitoring system, which today operates on strict legal principles aimed at preventing money laundering and…
Bankruptcy in the Republic of Kosovo is governed by Law No. 05/L-083 on Bankruptcy, serving as a pivotal legal process that provides businesses with a path to relief from financial obligations when they are unable to meet them, as they lose their solvency. This legal framework plays a crucial role in Kosovo’s legislation, aiming to…
Kosovo’s financial sector is experiencing remarkable growth and resilience, reflecting the nation’s commitment to economic stability and development. As of December 2022, the total assets of Kosovo’s financial system surged to an impressive 9.89 billion euros, marking a substantial annual in crease of 10.7% compared to the previous year, as detailed in the CBK’s annual…
Consumer protection’s main regulation in Kosovo is the Law No 06/L-034 on Consumer Protection (Law on Consumer Protection). It is in line with EU Directives regarding commercial law. It aims to regulate the market conditions in business-to consumer relations, the consumers’ rights in relation to contracts and the protection of their interests. Among its many…
Data protection is regulated in Kosovo by The Law on Protection of Personal Data No.06/L- 082 (“Law on Data Protection”) entered into force on 13 February 2019. It transposes the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 (GDPR) on the protection of natural persons with regard to…
In an era where employment and labour law are continuously evolving, employment and labour law plays a pivotal role in safeguarding the rights and interests of both employees and employers. Kosovo, a dynamic andemerging country, is no exception to the global need for a robust legal framework that governs the complex relationship between workers and…
On November 22, 2024, Kosovo took a major step toward regulating the crypto-asset market by adopting Law No. 08/L-295 on Crypto-Assets. This law establishes the first legal framework for a sector that had so far operated without clear oversight and often in the shadow of the financial regulatory system. At its core, the law stipulates…
With a “starting a business score” of 95.9/100, the World Bank ranked Kosovo 12 over 190 countries in regard to its procedures, time, cost and paid-in minimum capital requirement necessary to open a business in Kosovo. Foreign companies can conduct business in Kosovo without any specific restriction: the opening process is the same for local…