Bankruptcy

Law on Bankruptcy

The Petition for Initiating Bankruptcy Proceedings

The Law on Bankruptcy (“Off. Herald of the Republic of Serbia”, Nos. 104/2009, 99/2011 – other law, 71/2012 – decision of the Constitutional Court, 83/2014, 113/2017, 44/2018, 95/2018, and 44/2025 – decision of the Constitutional Court) shall govern the manner and conditions of initiating and conducting bankruptcy proceedings against legal entities. Bankruptcy proceedings, within the…
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Law on Responsibility of Legal Entities for Criminal Offences

Responsibility of Legal Entities for Criminal Offences

The Law on Responsibility of Legal Entities for Criminal Offences (“Official Herald of the Republic of Serbia”, No. 97/2008) regulates the conditions of responsibility of legal entities for criminal offences, the criminal sanctions that may be imposed on legal entities, and the rules of decision-making procedure in matters of responsibility of legal entities, imposing of…
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Law on performing payment of legal persons, entrepreneurs and natural persons

Collection of receivables from debtors in the blockade

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…
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Law on Banckruptcy and the Law on Enforcement and Security

Reorganisation plan as a enforceable document

Bankruptcy proceedings, within the meaning of the Law on Bankruptcy, shall be insolvency or reorganisation. Insolvency shall mean creditor satisfaction through the sale of entire assets of the bankruptcy debtor, or the sale of the bankruptcy debtor as a legal entity. Reorganisation shall mean creditor satisfaction accomplished under the adopted plan of reorganisation by redefining…
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