The bankruptcy law of the Republic of Serbia in times of crisis

Đurić, Đuro (2013) The bankruptcy law of the Republic of Serbia in times of crisis. In: Sciences on the Crossroad / International Scientific Conference on the Occasion of the 55th Anniversary ofthe IES. Institute of Economic Sciences, Belgrade, pp. 127-136. ISBN 978-86-89465-10-5

Preview

Text djdj_2013_01.pdf - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (154kB) | Preview

Abstract

Bankruptcy proceedings have vital significance for the economy of a country. The number of initiated proceedings and their successful outcome represent a crucial indicator of the health of the economy. The economy in the Republic of Serbia has for a long time been stagnant, lagging behind many countries in Europe. For the last ten years, there have been two reforms performed in this area. The first reform radically changed regulations in order to change to modernize and improve process quality. The aim of the reform in 2009 was to eliminate shortcomings of the first one and to increase the efficiency of the bankruptcy proceeding. The progress was especially made in bankruptcy administrators’ training and professionalization. However, all the goals could not have been accomplished due to the conflict of the law regulations with the Constitution. The Law on Bankruptcy of Serbia has in its major part been coordinated with the EU regulations and it is able to respond challenges of economy crisis. However, in order to move economy out of recession it is not enough to have solely modern and efficient bankruptcy law.

Actions (login required)

View Item