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The information and technology sector has grown exponentially in Kosovo in the past five years, mainly focusing on the provision of services to international markets. This growth has happened mainly because of two reasons: first, the labor force is cheaper compared to the European market and, second, around 70% of the population is under the age of 35 and has advanced digital skills. The mix of these two has ensured access to international markets and the provision of quality deliverables.

Kosovo’s legal order is based on the principle of separation of powers, whereby the judiciary is governed by the Kosovo Judicial Council. Kosovo’s legal system is based on the continental law tradition, whereby court decisions are generally not considered precedents, although lower courts tend to follow the opinions and rulings of higher courts.

The legal landscape has changed remarkably since 2008 when I made the jump from being an in-house lawyer at the Central Bank of Albania to a legal associate at a law firm. At the time, for a lawyer working in two small-sized non-EU countries such as Albania and Kosovo, work was predominantly focused on the local markets, with no or little exposure to international activities. This started to change as the CEE region became more attractive to foreign investors, who were looking at opportunities often spread across several countries. The legal work in M&A, privatization processes, and energy investments often involved teams from various law firms, both in CEE and in Western Europe or the US, and was my gateway to gaining knowledge of the regional market and understanding the space for growth there.

Another milestone towards the approximation of the legislation with the EU Acquis has been completed by Kosovo. The new Law No. 08/L-056 “On the Protection of Competition”, entered into force on 22 June 2022. The Kosovan legislators in the drafting of the new law benefited from the technical assistance of EU funded project “EU support for the Kosovo Competition Authority and State Aid Commission.

CEE Legal Matters readers will likely be familiar with Patricia Gannon as one of the founders of Karanovic & Partners. Since her withdrawal from the firm (reported by CEE Legal Matters on September 21, 2020), Gannon ran her own "holistic strategic advisory business" (as reported on October 12, 2020) and, recently, she announced she is working on a new social media app for lawyers – Platforum 9. We caught up with her to learn more about her new project.

Recent legislative proposals aimed at combatting corruption and reforming the judicial system, including the establishment of a commercial court are the factors, that could lead to more favorable conditions for foreign investments in Kosovo, according to RZZ Law Partner Engjell Rexhepi.

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