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Companies Act

Incorporation of a joint stock company

A joint stock company is a company whose share capital is divided in stocks held by one or more stockholders who are not liable for the company’s obligations, except based on piercing the corporate veil in the cases prescribed by Article 18 of the Companies Act as well as in the case of deletion of…
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Companies Act

Simplified procedure for implementing a status change

According to the provisions of the Companies Act, a merger by acquisition is a status change whereby one or more companies are merged into another company through the transfer of all assets and liabilities to that company, as a result of which the acquired company ceases to exist without undergoing liquidation. A merger by acquisition…
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Companies Act

Acquisition and disposal of high-value assets

The concept of acquisition and disposal of high-value assets, the procedure for acquisition, i.e. disposal of high-value assets, as well as the consequences of breaching provisions on the disposal of high-value assets, are regulated by the provisions of Articles 470 to 473 of the Companies Act. The cited provisions of the Companies Act apply to…
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Law on Resolving Conflicts of Laws with the Regulations of Other Countries

Conditions for the recognition and enforcement of a foreign court judgment in the Republic of Serbia

A foreign court judgment takes legal effect in the Republic of Serbia after the recognition procedure has been completed by the competent authorities of the Republic of Serbia. The procedure for the recognition and enforcement of foreign court judgments shall be conducted in accordance with: a bilateral treaty, where the procedural rules are contained in…
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Law on Endowments and Foundations

Establishment of endowments and foundations

The Law on Endowments and Foundations (“Official Gazette of the Republic of Serbia”, No. 88/2010, 99/2011 – other law and 44/2018 – other law) (hereinafter: the Law on Endowments and Foundations) regulates the establishment and legal status of endowments and foundations, their assets, internal organisation, registration and deletion from the register, activities, status changes, supervision…
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