IFLR 1000
The Guide to the World's Leading Financial Law Firms

Bosnia

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Steps towards harmonisation with the EU

Dina Durakovic Morankic and Suvad Bakic
Wolf Theiss
Sarajevo

The long-term goal of Bosnia and Herzegovina (BiH) is to become a member of the EU. However, accession will require harmonisation of the legal system with the acquis communautaire, which will entail adoption of and/or amendments to a number of crucial legal acts, including those regulating local market and commercial operations of business entities. BiH made a crucial step in this regard when it signed the Stabilisation and Association Agreement in June 2008, obliging itself to undertake all required measures to secure the free movement of capital, elimination of existing barriers with regard to foreign currency business operations, protection of foreign investments, etc.

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