BANKRUPTCY IN KOSOVO

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 foster entrepreneurship, reduce the stigma surrounding business failures, and, ultimately, create a more favorable economic environment.