Law on Obligations

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 Obligations

Cession of claims by contract

Cession of claims by contract is governed by the provisions of Articles 436 to 445 of the Law on Obligations and resulting in a substitution of creditor in obligations. Subject of Contract A creditor may carry out the cession of his claim by a contract entered into with a third person, except a claim whose…
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The basis for the establishment of annuity claims

Definition and characteristics of annuity

In obligation law the annuity is understood as a form of compensation for damages whose total amount is not known at the time of making the request and it shall be paid periodically in predetermined amounts. Typically material damage that will be realized in the future is compensated by annuity. The basis for the establishment…
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The Law of Contract and Torts and Liability for damage

Liability for damage of enterprises and other legal persons to third party

Liability for damage of enterprises and other legal persons to third party shall be regulated by the provisions of articles from 170 to 172 of The Law of Contract and Torts. Liability for damage of enterprises caused by an employee while working or in relation to work, to a third person and liability of a…
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Introduces the definition of administrative contract

Administrative contract

The Law on General Administrative Procedure, which will apply from June 01, 2017, for the first time in the Serbian legal system introduces the definition of administrative contract. The mentioned law regulates basic issues related to all administrative contracts (conclusion, the contracting parties, changes due to changed circumstances, termination and legal remedies – objection and…
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Objective criteria and subjective characteristics

Indemnity for damage for mental anguish suffered due to disfigurement

A disfigurement represent permanent change of the external appearance of a person that shall be manifested in the loss of a limb, indignity of aesthetic appearance, indignity of a body part or the impairment of a bodily function. Disfigurement as a ground for the payment of non-material damage Ground for indemnity of non-material damage is…
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