debtor

Law of Contract and Torts

General rules of fulfilment of obligations

An obligation shall be terminated after being fulfilled, as well as in other cases provided by law. According to provisions of the Law of Contract and Torts, other cases of termination of obligations are offsetting (compensation), remission of debt, substitution (innovation), integration (merger), the impossibility of fulfilment, flow of time, notice and death. The termination…
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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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Reasons and process for the write-off of receivables

Write-off of receivables making in the National Employment Service

The Rulebook on the Write-off of Claims of the National Employment Service (“Official Gazette of RS”, No. 48/2018) (hereinafter: the Rulebook) regulates in more detail the conditions, method, and procedure for the write-off of claims of the National Employment Service (hereinafter: the National Service) against debtors. A write-off of claims represents the termination of the…
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