Banking Secret One of the mandatory principles on which the banking activity is based is “Safeguarding banking secrecy”. The protection of banking secrecy is expressly provided by Article 91 of the Law “On the Bank of Albania”, as well as by Article 125 of the Law “On Banks in the Republic of Albania”.Banking secrecy is…
Banking system activity Albanian legislation does not have a clear theoretical definition regarding the banking system, but even in the literature there is a confusion regarding the inclusion in the notion of “banking system”, which is due to the fact that there is a variety of financial intermediaries who provide few services. a lot of…
Banks in Albania Until the declaration of Independence in 1912, there were only branches of a Turkish bank called “Ottoman Bank” in Albania. The office of this Bank in Albania operated in the centers of the vilayets of Shkodra, Ioannina, Kosovo, Skopje, and Bitola. During their activity, the Bank’s branches were subject to the Ottoman…
What is copyright? For the first time, the importance of protecting intellectual property became recognized at the Paris Convention for the Protection of Industrial Property in 1883 and the Bern Convention for the Protection of Literary and Artistic Works in 1886. Both treaties are administered by OBPI, as dealt with in the previous chapter. Intellectual…
Think for a moment about someone giving a speech or a talk for a precise moment. Someone secretly records it and then quotes the whole statement in another work, let’s say in a book, calling himself the author of it. How can you sue in court when you have no material proof, no document or…
The story of the development and protection Copyright has its beginnings in the history of Ancient Greece and the Roman Empire. At that time, however, it cannot be copyright as it is known today. Economic rights at that time were not recognized. The concern of the authors of that time was to identify them as…
Money laundering is the process by which “money launderers” seek to legitimize the proceeds of crime, illegal acts and their circulation in the financial system. Money laundering is a widespread, increasingly international phenomenon, carried out with sophisticated forms and schemes. It is currently estimated that the amount of money laundered internationally ranges from $ 500…
Competition Law in Albania and its structure Law no. 9121, dated 28 July 2003, entered into force on 1 December 2003. It is applicable to all sectors of the economy, as well as to all private and state-owned enterprises operating in the territory of the Republic of Albania as and for companies which operate outside…
Cartel Legal Framework. The cartel’s rights are created by primary treaty law rules that are: • Council and Commission Regulation; • Decisions of the European Court of Justice; • Commission decisions; • Other mechanisms, such as Tips and Recommendations published by the Commission. Article 3 of the EU Treaty stipulates that the European Union aims…