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

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

General rules of fulfilment of obligations

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