Forms of work engagement in Serbia

14. 06. 2018. Dragana Đorđević Leave a comment

The Labor Law provides ways of the working engagement of persons in the Republic of Serbia, which are the legal and statutory methods of the working engagement. Overall in the Republic of Serbia, persons may be engaged in work as much the employer will establish employment relationship with them, or they will be engaged outside employment relationship, on one of the ways prescribed by the provisions of the Labor Law.

Employment Relationship

Employment relationship for a indefinite period of time is the basic form of the employment relationship, but not the only form of the employment relationship. Besides it there are other forms of the employment relationsip, as follows:

Employment relationship with a probation work
Employment relationship for a definite period of time
Employment relationship for performing higher-risk jobs
Part-Time employment relationship
Employment relationship for performing jobs outside the employer’s premises
Employing household help and
Employment relationship with trainee.

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Collection of receivables from debtors in the blockade

28. 05. 2018. Dragana Đorđević Leave a comment

Under conditions of the global financial crisis increases the risk of debt uncollectability. The risk of this type primarily depends on the individual claims, payment terms, economic and political conditions in the country, as well as the solvency and creditworthiness of the debtor.

The occurence of the debtor’s inability to fulfill its financial obligations due to blockage of business accounts is one of the biggest risks, whose implementation may result in a debtor’s bankruptcy, but in some cases may represent a cause of the creditor’s bankruptcy.

Answers on some questions, concerning with the possibility of the collection of receivables from a debtor who has in the blockade you can find in this article.

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Legal consequences of a blocked accounts are regulated by the Law on performing payment of legal persons, entrepreneurs and natural persons who do not perform activities. Continue reading Collection of receivables from debtors in the blockade →

Reduction of share capital of the limited liability company

15. 05. 2018. Dragana Đorđević Leave a comment

A limited liability company’s share capital may be reduced by the resolution of the company’s general meeting, but not below the minimum share capital, which amounts to at least RSD 100, unless a special law provides a higher amount of the share capital for companies dealing in certain business activities.

Decision to reduce the share capital of a limited liability company below the minimum share capital may be passed only under a condition that an increase in share capital is simultaneously carried out, so that, as a result of such reduction and increase the company’s share capital becomes at least equal to the minimum amount of share capital, which amounts to at least RSD 100, unless a special law provides a higher amount of the share capital for companies dealing in certain business activities.

If the limited liability company fails to simultaneously pass a decision on increase of share capital and fails to carry out such increase, the decision on reduction of share capital is null and void. Continue reading Reduction of share capital of the limited liability company →