LEGAL CHARACTERISTICS OF THE RESTRUCTURING PROCEDURE IN THE REPUBLIC OF SRPSKA
LEGAL CHARACTERISTICS OF THE RESTRUCTURING PROCEDURE IN THE REPUBLIC OF SRPSKA

Summary/Abstract: Restructuring is a rather extensive and specific legal institute. In everyday speech, it means to rearrange something. In the legal sense, restructuring can be understood in many ways. In the economic sense, it is about technical-technological changes within the business entity. In the second context, restructuring is any form of change within a business entity, while in the third context, it is a status change specified by business regulations. In addition to the above, restructuring is possible in bankruptcy proceedings, i.e. before the grounds for bankruptcy have been established, then simultaneously with the initiation of bankruptcy proceedings and later through a specified plan by which the debtor will be restructured in a way that even though the grounds for bankruptcy have been met and bankruptcy is started, and the debtor will stay in economic life. The purpose of this paper is to give an explanation of and key differences between all the institutes above. In this paper, we will also make suggestions about the need for a clear demarcation in terms of understanding restructuring, so as not to create doubts in the legal and economic life of the Republic of Srpska

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