The Parliament of the country has proposed adapting the Civil Code to European standards for regulating private relations. This initiative is part of the Parliament’s efforts to modernize the legal framework and enhance cooperation with international partners. The proposed changes aim to align domestic laws with those of the European Union, ensuring consistency in private law and promoting mutual recognition of legal decisions.
The adaptation of the Civil Code is seen as a significant step toward integrating the country’s legal system with European norms. Legal experts believe that this move will facilitate smoother cross-border transactions and reduce legal uncertainties for businesses operating in the region. However, there are concerns about the potential challenges in implementing such extensive reforms, including the need for legislative coordination and public consultation.
Deputy Minister of Justice emphasized the importance of aligning with European standards to enhance the country’s attractiveness for foreign investment. The proposal has been welcomed by legal professionals and business communities as a positive development, although some critics argue that the process may take time and require careful planning to ensure successful implementation.