Regulatory Alerts2006-01-13
Added · Updated
Law on the Settlement of Obligations of the Republic of Serbia Arising From Economic Development Loan
The Republic of Serbia enacted this law to settle EUR 56 million in outstanding obligations arising from previous foreign currency savings and bonds by issuing new euro-denominated bonds. The Ministry of Finance is responsible for publishing a call for claims, which must be filed within 60 days, while a special Government committee determines the exact claim amounts for eligible persons. The resulting bonds serve to repay citizens and can be used for specific medical, property, and tax payments, or traded on the foreign exchange market.
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