Attorney Dragana Djordjevic » Blog (22)

Relationship between the joint-stock company and stockholders

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According to provisions of the Companies Act relationship between the joint-stock company and stockholders shall be defined with rights and obligations as follows:

  • Right to a dividend
  • Limitations on payments to stockholders
  • Pre-emptive subscription right of the stocks
  • Financial Support of the company in acquiring stocks
  • Withdrawal and cancellation of stocks due to failure to pay or enter the contribution.

It is also important to emphasize that all shareholders are treated equally under the same circumstances. Continue reading Relationship between the joint-stock company and stockholders →

General rules of fulfilment of obligations

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An obligation shall be terminated after being fulfilled, as well as in other cases provided by law. According to provisions of the Law of Contract and Torts, other cases of termination of obligations are offsetting (compensation), remission of debt, substitution (innovation), integration (merger), the impossibility of fulfilment, flow of time, notice and death.

The termination of the principal obligation shall also extinguish the pledge, mortgage, and other accessory rights.

Who can fulfill obligations and expenses of the fulfillment of obligations?

An obligation may be fulfilled not only by a debtor but also by a third person. A creditor shall be bound to accept fulfilment by every person having a legal interest in fulfilling the obligation, even should the debtor be opposed to such fulfilment. Continue reading General rules of fulfilment of obligations →

License for the work of Temporary Employment Agencies

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A temporary employment agency is a company or entrepreneur which is registered with the competent authority in the territory of the Republic of Serbia, which shall establish an employment relationship with the employee for his temporary assignment to the employer in the area of the Republic of Serbia to perform work under his supervision and management.

Conditions for the work of temporary employment agencies are regulated by the provisions of the Law on Agency Employment (“Official Gazette of RS,” No. 86/2019) and the Rulebook on the conditions for issuing a license for a temporary employment agency and taking the professional exam for work of that agency (“Official Gazette of RS,” No. 96/2019), which were applied to start from March 1, 2020, except for the provisions of the Law on Agency Employment (“Official Gazette of RS,” No. 86/2019) which regulate working conditions of agencies that applies from January 1, 2020. Continue reading License for the work of Temporary Employment Agencies →