Article
Jun 10
Back

USE OF MEDIATION IN RESTRUCTURING PROCEEDINGS

Đuro M. Đurić, Vladimir M. Jovanović

10.55836/PiP_23210A
ABSTRACT /

In order to improve business and overcome dificulties, business entities resort to various measures. They can be carried out within or out  of any  of  the procedures established by law. Serbia’s positive law recognizes mediation as a way of resolving disputes. For business entities, the possibility of financial restructuring agreement assisted by institutional mediation is foreseen. Although the legislation does not explicitly provide for it, it is not excluded that the business entity – the debtor, assisted by an individual mediator, reaches an agreement on restructuring with its creditors. In addition, by signing the Singapore Convention on Mediation, Serbia introduced the possibility of cross-border settlement of commercial disputes through mediation. However, in practice, debtors rarely opt for mediation. In the European Union, new preventive instruments are being introduced to prevent insolvency, out of court or in court proceedings. They are intended for honest but insolvent business entities. The purpose of this paper is to analyze the possibility of using the general mediation  framework in the restructuring of business entities according to the existing legislation and to consider the possibility of its formal inclusion in the range of preventive instruments.

DOWNLOAD COMPLETE ARTICLE /
Serbian (cyr)  
REFERENCES /
  1. Bitter Georg, „Sanierung in der Insolvenz – Der Beitrag von Treue– und Aufopferungspfichten zum Sanierungserfolg“, ZGR, Nr. 2–3/2010, 2010.
  2. Walters Adrian, „Giving Efect to Foreign Restructuring Plans in Anglo-U.S. Private International Law“, Nottingham Insolvency and Business Law, Nr. 3/2015.
  3. Wessels Bob, Madaus Stephan, Boon Gert-Jan, „Rescue of Business in Insolvency Law, Instrument of the European Law Institute, Mediation in civil and commercial law matters“, 2017, доступно на адреси: https:// ssrn.com/abstract=3032309, 7. 4. 2023.
  4. Ђурић Ђуро, Јовановић Владимир, „Правни оквири превентивног реструктурирања у Европској унији“, Правни живот, бр. 11/2019. (Đurić Đuro, Jovanović Vladimir, „Pravni okviri preventivnog restrukturiranja u Evropskoj uniji“, Pravni život, br. 11/2019)
  5. Ђурић Ђуро, Јовановић Владимир, „Правна дејства споразума из медијације у стечајном поступку“, Зборник Првог симпозијума Научног друштва за право и економију (ур. С. Словић et al.), 2019. (Đurić Đuro, Jovanović Vladimir, „Pravna dejstva sporazuma iz medijacije u stečajnom postupku“, Zbornik Prvog simpozijuma Naučnog društva za pravo i ekonomiju (ur. S. Slović et al.), 2019)
  6. Ђурић Ђуро, Јовановић Владимир, Правни инструменти решавања корпоративне кризе, Нови Сад, 2020. (Đurić Đuro, Jovanović Vladimir, Pravni instrumenti rešavanja korporativne krize, Novi Sad, 2020)
  7. Ђурић Ђуро, Јовановић Владимир, „Нови институти у немачком стечајном праву“, Страни правни живот, бр. 1/2023. (Đurić Đuro, Jovanović Vladimir, „Novi instituti u nemačkom stečajnom pravu“, Strani pravni život, br. 1/2023)
  8. Esher Jack, „Recent Use of Mediation for Resolution and Efective Management of Large Case Insolvencies“, International Corporate Rescue, Nr. 6/2015.
  9. Лепетић Јелена, Стечај групе привредних друштава, Београд, 2019. (Lepetić Jelena, Stečaj grupe privrednih društava, Beograd, 2019)
  10. Лепетић Јелена, „Оспорена потраживања и медијација у српском стечајном праву – de lege lata и de lege ferenda“, Право и привреда, бр. 3/2020. (Lepetić Jelena, „Osporena potraživanja i medijacija u srpskom stečajnom pravu – de lege lata i de lege ferenda“, Pravo i privreda, br. 3/2020)
  11. Madaus Stephan, „Leaving the Shadows of US Bankruptcy Law: A Proposal to Divide the Realms of Insolvency and Restructuring Law“, European Business Organization Law Review, Nr. 3/2018.
  12. Meidanis Haris‚ „Enforcement of mediation settlement agreements in the EU and the need for reform“, Journal of Private International Law, Nr. 2/2020.
  13. Omar Paul, „The Insolvency Exception in the Brussels Convention and the Defnition of ‘Analogous Proceedings’“, International Company and Commercial Law Review, Nr. 5/2011.
  14. Peters Niek, „The enforcement of mediation agreements and settlement agreements resulting from mediation“, CMJ, 2019, доступно на адреси: www. simmons-simmons.com/en/publications/ckhqemkyj1u3u0976wn2s2g2k/ the-enforcement-of-mediation-and-settlement-agreements, 1. 5. 2022.
  15. Timothy Schnabel, „The Singapore Convention on Mediation: A Framework for the Cross-Border Recognition and Enforcement of Mediated Settlements“, 2019, доступно на адреси: http://dx.doi.org/10.2139/ ssrn.3239527, 8. 4. 2023.
  16. Carballo Pineiro Laura, Fach Gomez Katia, „Comparative and International Perspectives on Mediation in Insolvency Matters: An Overview“, TDM 4 Special Issue, 2017, доступно на адреси: www.transnational-dispute- management.com/article.asp?key=2488#_fn3, 7. 4. 2023.