NSTLAW provided assistance to the EBRD in preparing the Business Re-organisation Assessment for Montenegro.
This assessment focusses on the re-organisation procedure according to Montenegrin legislation. In this way the Bank and investors are informed about what they can expect when investing on a company in reorganization. According to the assessment, average duration of business reorganization in Montenegro is from six to nine months. Further, according to the data available from the website of the Commercial Court in 2020 there were 437 initiated bankruptcy proceedings, while there is no indication of the number of initiated re-organisation proceedings.
For more information please visit https://www.ebrd-restructuring.com/