BIAS AND PREDICTABILITY IN JUDICIAL DECISIONS INVOLVING CORPORATE RESTRUCTURING: EVIDENCE FROM SERBIA Cover Image

BIAS AND PREDICTABILITY IN JUDICIAL DECISIONS INVOLVING CORPORATE RESTRUCTURING: EVIDENCE FROM SERBIA
BIAS AND PREDICTABILITY IN JUDICIAL DECISIONS INVOLVING CORPORATE RESTRUCTURING: EVIDENCE FROM SERBIA

Author(s): Branko Radulović, Marko Radović
Subject(s): Civil Law, Commercial Law
Published by: Правни факултет Универзитета у Београду
Keywords: Judicial bias; Predictability; Pre-arranged reorganization plan; Bankruptcy;

Summary/Abstract: The paper empirically assesses evidence of bias among bankruptcy judges and predictability of judicial decision making in Serbia. For this purpose, we devised three hypothetical cases that were distributed to judges that preside over bankruptcy cases in Serbia. While the results do not indicate a consistent bias towards either the debtor or the creditor, they show concerning unpredictability of judicial decision making, hence leading to a high level of legal insecurity. Based on responses we observed high heterogeneity among Serbian bankruptcy judges in their interpretation of the bankruptcy laws. This makes allocation of cases to the particular judge a significant determinant for how the debtors and creditors will be treated and how the law will be applied.

  • Issue Year: 68/2020
  • Issue No: 2
  • Page Range: 80-99
  • Page Count: 20
  • Language: English
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