Law on Financial Leasing, Factoring, Purchase of Receivables, Microcredit and Credit-Guarantee Operations has been adopted

The new Law on Financial Leasing, Factoring, Purchase of Receivables, Microcredit and Credit-Guarantee Operations has been published on the 03, November 2017 in the ,,Official Gazette of Montenegro“ No.73/17 and has entered into force on 11, November of the same year, and shall apply after the expiration of a period of six months from the date of entry into force and on 11 May 2018.

The laws aims is to regulate financial leasing, factoring, debt recovery, microcredit and credit and guarantee operations, as well as the establishment, operation and control of the business of companies engaged in these operations.