Similarly to the facilitation of the general meetings of shareholders or partners through teleconference, new paragraph 3 of article 33 of the Legal Act dated 20.03.2020 permits the adoption of resolutions by board of directors of private law legal entities through teleconference and by using any telecommunication means that can facilitate the participation for all or some of their members, as well as decisions adopted without a meeting taking place, where all members of the board of directors have signed the relevant decision.

In all cases mentioned above, the signatures of the members of the body can be replaced with the exchange of correspondence either by exchanging e-mails or other electronic means. This provision is applicable from 30 March 2020 (date of publication of Legal Act dated 30.03.2020 which amends Legal Act dated 20.03.2020) until 30 June 2020.