Corporate Reorganization in Republic of Serbia - Lessons from EU Praxis
AbstractNew Law on business companies in Republic of Serbia adopted in 2011 gives a opportunity to analyze certain regulations important for business activity of commercial entities. One of such regulations is on reorganization of company or corporation. Although the new law has brought changes in regulation of companies, it did not make important modifications in issues of corporate reorganization. Legislator in Republic of Serbia adjusted legal regulations on companies with the EU legislation in its previous reform in 2004. All EU directives regarding issue of business activity already adopted by the EU Council were adopted in Serbian company law. Corporate reorganization is of great importance for survival and functioning of one company. It shows clearly how its participant’s interests may be different – majority interest, management interest, minority interest, interest of its creditors, interest of state etc. In this paper are analyzed the most present problems in the corporate reorganization operation.
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