Competence for conducting enforcement

11. 03. 2019. Dragana Đorđević Leave a comment

According to the provisions of the Law on Enforcement and Security Interest competence for conducting enforcement is divided between court and public enforcement officer.

Court has exclusive jurisdiction for the enforcement of joint sale of real estate and movable property, acts, omissions or sufferance and the enforcement of enforceable documents in connection with family relations and reinstatement of an employee.

Public enforcement officers has exclusive jurisdiction for the enforcement of other enforceable documents, writs of enforcement based on a credible document, writs on adopting the motion for counter-enforcement and writs on enforcement of writs on enforcement of the court-imposed penalties. Continue reading Competence for conducting enforcement →

Investor rights

18. 02. 2019. Dragana Đorđević Leave a comment

This Law on Investments regulates the general legal framework for investments in the Republic of Serbia, the bodies that support investments by providing efficient services to investors, the establishment and operation of the Council for Economic Development, and the establishment and operation of the Development Agency of Serbia.

According to the provisions of the Law on Investments investor is a legal or natural person who acquired the investment on the territory of the Republic of Serbia, in accordance with the law.

Investment in terms of the Law on Investments are:

Direct investment i.e.investment in material and non-material assets of the company
Indirect investment i.e. acquiring shares or stocks in the company. Continue reading Investor rights →

Liquidation of the Association

31. 01. 2019. Dragana Đorđević Leave a comment

The association’s liquidation procedure shall be regulatied by provisions of the Law on Associations. The provisions of the law regulating liquidation of business companies shall apply accordingly to any issues having to do with the association’s liquidation procedure that are not regulated by the Law on Associations.

Liquidation of the Association – Reasons and Procedure

Liquidation of the association and association’s deletion from the Register of Associations of the Serbian Business Registers Agency (hereinafter referred to as the Register) shall only take place upon completion of the association’s liquidation procedure:

if the number of members declines below the number of founders required for its establishment and the association’s competent body fails to take a decision to admit new members within thirty (30) days
if the term for which the association has been established expires, when an association has been established for a definite period
if the association’s competent body takes the decision to terminate activities
if it is established that the association has not been pursuing the activities to achieve its statutory goals or has not been organized in line with its statute for over two (2) years without any interruptions or if the time that has elapsed has been double that specified by the statute for holding the assembly session and the session has not taken place
if the association’s activities have been banned. Continue reading Liquidation of the Association →