With the amendment dated November 24, 2021 to the Bankruptcy and Enforcement Code No. 2004 [“BEC”] the sale of seized assets was to be conducted fully in an electronic environment. However, it was provided that the implementation of this provision would begin with the adoption of the relevant regulation.
Nauris Grigals Joins Sorainen as Partner
Former TGS Baltics Partner Nauris Grigals has joined Sorainen as Partner and Co-Head of the firm’s Corporate and M&A practice.
Ales Lunder Joins Senica & Partners
Former CMS Partner Ales Lunder has joined Senica & Partners as Partner.
Stefan Frank and Georg Wabl Make Partner, as Angelika Pallwein-Prettner Named to Management Board at Binder Groesswang
Former Counsels Stefan Frank and Georg Wabl have been promoted to Partner at Binder Groesswang. Partner Angelika Pallwein-Prettner is set to join the firm's Management Board.
Serbia: Bankruptcy Compensation as a Way of Resolving Debt-Credit Relations
Offsetting of claims (compensation) is one of the ways of termination of obligations, regulated by the Law of Contract and Torts. Certain procedural and legal rules, referring to the offsetting objection and the compensatory counter-claim, are also contained in the Law on Civil Procedure. The institution of offsetting claims is especially important when one of the parties in the obligatory relationship is in bankruptcy, in which case the special bankruptcy rules are applied. The importance of this topic is further enhanced by the changed business conditions in the world after the COVID-19 pandemic, with economic entities being increasingly forced to settle their obligations with compensation for the time being, until new sources of growth yield positive effects on liquidity.
Path Augustyniak Hatylak and Partners Joins Forces with Kielian and Partners
Path Augustyniak Hatylak and Partners has joined forces with Kielian and Partners. From now on, the law firms will operate under one brand – Path Law Hatylak Kielian and Partners.
Nebojsa Vitez and Luka Porobija Make Equity Partner at Porobija & Spoljaric
Nebojsa Vitez and Luka Porobija have been promoted to Equity Partners at Porobija & Spoljaric as of January 1, 2022.