The golden rule and one of the basic principles when it comes to the issue of a capital company is that members i.e. founders of the company are not liable for the debts of the same. Therefore in such companies the capital (stake) determines the company and sets limits of liability of its members, where the same will be liable only if the entire contracted stake is not entered or paid and then liability is up to the amount of […]
For most people, the biggest dilemma is whether to take Heineken, Tuborg, Jelen, Lav or homemade Nektar. For some it is a question of crucial importance, either to take dark or light beer. Of course, only a few will not know the correct answer to the question that it is related to “His Majesty”, the beer. Brewing industry occupies an important place in the world, especially in countries which achieve a large portion of their income just with production and […]
Reading the laws, court decisions, case law, etc. in the field of law and justice, we have to deal with the terms “substantive law” and “procedural law”. Readers, “non-lawyers” often are not clear on the distinction between these two terms, as well as their importance and role in the legal system of a country. Therefore, we will try to clarify the meaning and connections between these two laws in order to break the prejudice that the legal science is only […]
Saving is a type of service that banks provide to their customers (individuals or legal entities). The current market economy, the economic power of individuals and recent memories, raise an issue of what would be the way to attract citizens to entrust their money to some of financial institutions for “safekeeping” In the period behind us, we witnessed that a large number of citizens still did not manage to collect their savings entrusted to banks, which they hardly acquired mainly […]
A man named Mario Costeja Gonzales, who in the nineties got into financial troubles and came to the list of debtors, where the same was published in the written media, and then on the Internet, decided to be forgotten. Apparently, he has decided to request that the information about his personality and his debts are removed from the Internet, and he firstly tried to accomplish it before the competent court in Spain, where he requested that Google should remove the […]
In order to start a story related to domestic violence primarily we need to define what is covered under this violence. In this sense we can say that domestic violence is violence that occurs within the private sphere of life. In certain cases, violence within the private sphere of life refers to violent acts between family members living together – domestic violence, and in other cases it refers to violence that one intimate partner makes against the other partner – […]
The Law on Lawyer’s Profession of the Republic of Srpska, adopted in September 2015, stipulates that for damage (presumably referring to their clients) a lawyer shall be liable in accordance to general rules on liability for damage, and lawyers shall also be obliged to take out insurance on professional indemnity. The lowest sum insured per individual case is 250,000.00 BAM for a lawyer or 500,000.00 BAM for a law firm. The deadline for the conclusion of the insurance contract, in […]
The famous magazine The Economist in one of their texts in 2011 announced that the modern legal practice becomes more a business than a profession and that today this profession is facing many challenges, dilemmas and questions which had not been present earlier or actually were expressly forbidden. Although many people think that the change of the position and role of legal practice in the modern business was largely influenced by the global recession of the economy caused by the […]
Why is it necessary for BiH to intensify its efforts and adopt standards of FATF in accordance with the recommendations of MONEYVAL?
The word “condition” is one of the words that due to its frequent use in public lost a bit of the effect that it usually produces, but it can still, in the midst of political spin, affect the fate of the majority. In the sea of conditions and various authorities who set up the same – state, non-state, national, international etc. (not necessarily in that order, and often with a clear distinction) there are also conditions set by MONEYVAL. A […]
Decision of the BIH Constitutional Court to cancel the celebration of the Day of the Republic of Srpska – is it a legal or a political decision?
The Constitutional Court of Bosnia and Herzegovina on November 26, 2015, issued a decision declaring the provision of Article 3 b) of the Law on Holidays of the Republic of Srpska as unconstitutional, where according to the same January 9 – the Day of the Republic of Srpska, was declared as a republic holiday. Namely, acting upon the request of Bakir Izetbegovic, a member of the Presidency of Bosnia and Herzegovina from the rank of Bosniak people, to review the […]