Attorney Dragana Djordjevic » "Compensation for damages" (9)

Liquidator

Leave a comment

The liquidation of a company shall be conducted by liquidators. These are the persons who conduct the company’s business during the liquidation, represent the company (legal representatives of the company in liquidation) and they are responsible for the legality of operations of the company.

The Companies Act regulates the appointment and removal of the liquidators, as well as their rights, duties and responsibilities.

Appointment and Removal of the Liquidator

A company appoints a liquidator in the decision on initiating liquidation. The decision on initiating liquidation shall be made Continue reading Liquidator →

Assessment of damage to a motor vehicle

Leave a comment

The methodology of determining the amount of any damage respectivelly damage assessment is very important for an objective and fair compensation for damages.

Assessment of damage to a motor vehicle shall be implemented in several phases, namely:

I phase – determining of the value of the motor vehicle on the day of the damage
II phase – determining the value of the salvaged parts (residues) of vehicle
III phase – determining of the extent and value of the damage to the vehicle
IV phase – calculation of the total damage. Continue reading Assessment of damage to a motor vehicle →

Indemnity for damage for mental anguish suffered due to reduction of life activities

Leave a comment

Reduction of life activities, as a special ground for compensation for mental anguish, include all restrictions on life activities of the person sustaining loss which he realized or would realize in the future certainly by a regular course of things.

Under the restriction means and performing activities with increased efforts or under special conditions.

This type of damage is usually permanent, but money indemnity may be awarded when the reduction of life activities is temporarily, if it is with higher intensity and longer duration or if it is justified by special circumstances Continue reading Indemnity for damage for mental anguish suffered due to reduction of life activities →