Q:
A:
Reform of commercial courts in interest of all Serbian citizens
Belgrade,
30 May 2006
Serbian Minister of Justice Zoran Stojkovic stated today that it is in the interest of all Serbian citizens, and not only domestic and foreign investors, to conduct reforms in commercial courts and establish objective parameters for the assessment of judges' efficiency.
Zoran Stojkovic
Author:
Tanjug
At a roundtable discussion, themed "Commercial Courts: To Reform or To Dissolve", organised by the Ekonomist Media Group, Stojkovic stressed that the entire commercial court system cannot be assessed on the basis of individual cases. He also said that in the last few years, there has been improvement in the efficiency of these courts.
US Ambassador to Belgrade Michael Polt pointed out that commercial courts are an indicator of whether a country is a safe place to do business. He advised the Serbian commercial courts not to avoid applying new bankruptcy regulations according to which only licenced trustees in bankruptcy can be in charge of bankruptcy cases.
Polt recalled that the United States Agency for International Development (USAID) invested $12.8 million in the Commercial Court Administration Strengthening Activity (CCASA) reform project that began in March 2004. The project has already contributed to positive changes in the work of commercial courts, he added.
President of the Higher Commercial Court Radomir Lazarevic advocated the subspecialisation of judges in commercial courts, adding that the Higher Commercial Court has formed procedure committees specialising in certain fields.
Supreme Court judge Slobodan Spasic said that in more than 80% of cases, the Supreme Court confirmed the sentence pronounced by commercial courts, which shows that commercial courts are a higher quality portion of the judicial system.
US Ambassador to Belgrade Michael Polt pointed out that commercial courts are an indicator of whether a country is a safe place to do business. He advised the Serbian commercial courts not to avoid applying new bankruptcy regulations according to which only licenced trustees in bankruptcy can be in charge of bankruptcy cases.
Polt recalled that the United States Agency for International Development (USAID) invested $12.8 million in the Commercial Court Administration Strengthening Activity (CCASA) reform project that began in March 2004. The project has already contributed to positive changes in the work of commercial courts, he added.
President of the Higher Commercial Court Radomir Lazarevic advocated the subspecialisation of judges in commercial courts, adding that the Higher Commercial Court has formed procedure committees specialising in certain fields.
Supreme Court judge Slobodan Spasic said that in more than 80% of cases, the Supreme Court confirmed the sentence pronounced by commercial courts, which shows that commercial courts are a higher quality portion of the judicial system.
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