SERTIC: New bankruptcy regulations in the pipeline

The Serbian government plans to introduce new bankruptcy regulations in a bid to make bankruptcy proceedings a cure for business revival of companies, Serbian Economy Minister Zeljko Sertic said Wednesday (15 April 2015).

According to a release issued by the Economy Ministry, Sertic said this at a meeting he and Labor, Employment and Social Policy Minister Aleksandar Vulin had with the management of the Association of Independent Trade Unions of Serbia (SSSS).

Sertic said that the privatization process in Serbia was impeded by inherited problems and obstruction by executives at certain companies.

He pointed out that all these problems would be solved, stressing that that required cooperation with trade unions.

Ministarstvo privrede Republike Srbije

Vlada Republike Srbije

Ministarstvo za rad, zapošljavanje, boračka i socijalna pitanja Republike Srbije

Savez samostalnih sindikata Srbije

Zeljko Sertic

Aleksandar Vulin

SSSS

bankruptcy

companies undergoing reorganization

bankruptcy regulations