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Sep 23
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THE SHAREHOLDER’S RIGHT TO COMPENSATION FOR REFLECTIVE LOSS: COMPARATIVE-LEGAL AND POSITIVE-LEGAL ANALYSIS

Jovana Veličković

10.55836/PiP_23307A
ABSTRACT /

The subject of the analysis is shareholder’s right to compensation for reflexive loss that occurs in its property due to the deterioration of the action taken against the company. While most rights adopt the so-called principle of prohibition of compensation for reflexive loss, this right is recognized in investment arbitration disputes. The paper aimed to determine the position of Serbian law concerning the observed conflict of rights. In Serbian law, the shareholders may have the right to claim compensation for reflexive loss if such a claim follows the principle of integral compensation for damages. In this respect, Serbian law is more favorable to the approach of tribunals in investment arbitrations than national laws. The approach of Serbian law should be maintained, taking into account all criticisms of the course that recognizes this right of shareholders to achieve the functions of tort and company law ultimately.

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