Measures of protection from unfair competiton according to Foreign Trade Act

Foreign Trade Act (“Off. Herald of RS”, Nos. 36/2009, 36/2011 – other act, 88/2011 and 89/2015 – other act) contains certain protection against unfair competition in a broader sense. In this sense by this law shall be predicted that the Government of the Republic of Serbia may prescribe the following measures of protection:

  1. Antidumping measures
  2. Compensatory measures
  3. Measures for the protection against excessive importing
  4. Measures for the protection of the balance of payments equilibrium.

Antidumping Measures

For the purposes of the Foreign Trade Act (“Off. Herald of RS”, Nos. 36/2009, 36/2011 – other act, 88/2011 and 89/2015 – other act): Continue reading Measures of protection from unfair competiton according to Foreign Trade Act

Order

By the provisions of Articles from 749 to 770 of the Law of the Contract and Torts shall be regulated the notion of the contract of order, obligations of the person accepting the order and the orderer related to performing of order as well as the reasons for termination of the order.

By a contract of order the person accepting the order shall assume the obligation to the orderer to undertake specific transactions for his account. At the same time the person accepting an order shall be authorized to undertake such transactions.

The person accepting an order shall be entitled to remmuneration for his effort, unless otherwise provided by the contract or resulting from the nature of the mutual relations of the parties.

Persons Obliged to Respond to Offering an Order

One professionally engaged in performing other persons’ transactions, or in making public offers to perform such transactions, shall be bound, if unwilling to accept an offered order relating to such transactions, to notify without delay the other party thereof, otherwise he shall be liable for loss sustained by such party. Continue reading Order

Relationship between the joint-stock company and stockholders

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