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The Two Corporate Governance Systems in the New Serbian Companies’ Act

September 2012 - Corporate & Commercial. Legal Developments by Schönherr.

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The pivotal moment for the business environment in Serbia is February 2012: the moment when the new Companies’ Act (the Act) comes into force. The new law, reflected in around 600 articles in the Act, will be the cornerstone for all companies in Serbia, whether LLC, JSC, partnership, or entrepreneur. The Act introduces two new, intricate, distinctive systems of corporate governance.

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