Debt collection

Mortgage Law

Mortgage agreement

Mortgage Law governs the mortgage, for the purpose of securing and collection of claims. A mortgage is a lien right on real estate, which empowers the creditor, in the event of the debtor’s failure to pay a matured debt, to request the collection of claim secured by the mortgage from the value of the real…
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Legal, contractual and unilateral compensation

Compensation

Compensation is a method of the termination of debts and claims without fulfillment. On the basis of compensation in relation to one person shall be terminated debts and claims which exist towards another person without fulfillment. Compensation may be legal, contractual and unilateral. Legal compensation is compensation which is conducted on the basis of the law,…
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Companies Act

Contract on control and management

According to provisions of the Companies Act a contract on control and management shall be concluded in the case of forming an contractual group of companies. A contractual group of companies consists of a controlling company and one or more controlled companies that have entered into a contract on control and management. A contract on…
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Law on enforcement and security interest

Issuing a payment order

Payment order shall be issued in special proceeding which is governed by the provisions of Articles from 455 to 466 of Civil Procedure Law. Conditions for Issuing Payment Orders When a civil claim is related to a pecuniary claim which is due, this claim shall be proven by a credible document enclosed with the complaint…
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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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Register of Pledges on Movable Property and Rights

Subject matter of the right of security

By the LAW ON RIGHT OF SECURITY UPON MOVABLE OBJECTS FILED IN REGISTRY (“Official Herald of the Republic of Serbia”, Nos. 57/2003, 61/2005, 64/2006 – correction, 99/2011 – other laws and 31/2019) shall be regulated the pledge, without delivering in possession, of movable objects and rights to secure a claim of a creditor, the contract…
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