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Usury Act – BSWW opinions for the Ministry of Justice

Following the legislative process carried out by the Ministry of Justice in connection with the bill on the amendment of the Criminal Code and certain other acts, published with justification on 7 December 2016, and following the fact that as part of the legislative process regarding the bill it has been referred by the Ministry of Justice for review, and the review is pending, BSWW Legal & Tax has submitted two opinions concerning the bill. The opinions concern the text and the consequences of the planned changes which to some extent seem to literally contradict the justification of the amendment. The first of the opinions discusses the bill from the perspective of financial institutions market, in particular, corporate bonds and corporate loans, the second one pertains to the market of loans.

10.01.2017

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