Law on Business Companies

Companies Act

Acquisition and disposal of high-value assets

The concept of acquisition and disposal of high-value assets, the procedure for acquisition, i.e. disposal of high-value assets, as well as the consequences of breaching provisions on the disposal of high-value assets, are regulated by the provisions of Articles 470 to 473 of the Companies Act. The cited provisions of the Companies Act apply to…
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Employment Act

Contract with a director who is a foreign national

In certain specialised industries that are focused on international or specific foreign markets, companies often choose to appoint a foreign national to the position of director. Some of the most common questions that arise when making this decision include: Can I freely decide whether the director will be a domestic or foreign national? What are…
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Companies Act

Status change – spin-off by incorporation

Status changes refer to reorganisations within a company that, due to their significance and complexity, are specifically regulated by the Companies Act (“Official Gazette of the Republic of Serbia”, nos. 36/2011, 99/2011, 83/2014 – other law, 5/2015, 44/2018, 95/2018, 91/2019, 109/2021 and 19/2025) (hereinafter: the Companies Act). A status change involves the reorganisation of a…
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Companies Act

Legal aspects of the contract of the company members

The contract of the company’s members is a named corporate law contract. Unlike the founding act, a mandatory document of every company, the members’ agreement is optional. However, the absence of a legal obligation to conclude a contract for the members of a company, the complexity of relations in multi-member companies, and the great practicality…
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Companies Act

Entry of a new member into the limited liability company

Following the provisions of the Companies Act, a third party can become a new member of a limited liability company based on the transfer of shares by registered members of the limited liability company, as well as based on the accession of a new member with a simultaneous increase in the share capital. Transfer of…
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Companies Act

Protection of interests during implementation of status change

During the implementation of the status change, it is possible to endanger the rights and interests of different categories of persons. The interests of the members of the transferring company (shareholders), the interests of the creditors of the companies participating in the status change, and the interests of third parties that do not fall into…
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