REASONABLE TIME FRAME IN BANKRUPTCY ROCEEDINGS: Analysis of Cases from the Judicial Practice of the Commercial Court in Niš Cover Image

РАЗУМНИ РОК У СТЕЧАЈНОМ ПОСТУПКУ: АНАЛИЗА ПРЕДМЕТА ПРИВРЕДНОГ СУДА У НИШУ
REASONABLE TIME FRAME IN BANKRUPTCY ROCEEDINGS: Analysis of Cases from the Judicial Practice of the Commercial Court in Niš

Author(s): Aleksandar Mojašević, Aleksandar Jovanović
Subject(s): Law, Constitution, Jurisprudence, Law on Economics
Published by: Правни факултет Универзитета у Нишу
Keywords: reasonable time; bankruptcy; efficiency; protection of rights

Summary/Abstract: The Act on the Protection of the Right to a Trial within a Reasonable Time, which took effect in 2016, has created the conditions in our legal system for the protection of the right to a trial within a reasonable time, as one of the fundamental rights guaranteed by the Constitution of the Republic of Serbia and related international documents. Although the legislator does not explicitly provide for the application of this Act in the context of bankruptcy proceedings, it has been used in judicial practice as a mean for the bankruptcy creditors to obtain just satisfaction in cases involving lengthy bankruptcy proceedings and a violation of the right to a fair trial within a reasonable time. The subject matter of analysis in this paper is the right to a trial within a reasonable time in bankruptcy cases. For that purpose, the authors examine the case law of the Commercial Court in Niš in the period from the beginning of 2016 to the end of 2019, particularly focusing on the bankruptcy cases in which complaints (objections) were filed for the protection of the right to a fair trial within a reasonable time. The aim of the research is to examine whether the objection, as an initial act, is a suitable instrument for increasing the efficiency of the bankruptcy proceeding, or whether it only serves to satisfy the interests of creditors. The authors have also examined whether this remedy affects the overall costs and duration of the bankruptcy proceeding. The main finding is that there is an increasing number of objections in the Commercial Court in Niš, which still does not affect the length and costs of bankruptcy. This trend is not only the result of inactivity of the court and the complexity of certain cases but also of numerous external factors, the most prominent of which is the work of some state bodies.

  • Issue Year: 2021
  • Issue No: 90
  • Page Range: 97-118
  • Page Count: 22
  • Language: Serbian