Presence and operations in Serbia for over 6 years with a staff of 5 collaborators in Belgrade
Legal proceedings very slow and complex
Out-of-court activities with various levels of pressure are preferred which usually lead to mediation or a repayment plan
ENTRUST YOUR OUTSTANDING RECEIVABLES IN SERBIA TO INVENIUM
In Serbia, the limitation period is 3 years. The limitation period is interrupted only by the introduction of a ruling against the debtor.
Acknowledgement of the debt in writing is equivalent to renunciation by the debtor to the limitation period.
Unfortunately, in Serbia it is not possible to initiate an order for payment procedure since Serbia is not part of the European Union.
The summary proceeding is reserved for collecting receivables between economic entities based in Serbia. It is based on documentary evidence and generally has an average duration of 30 to 45 days.
The decision of the judge cannot be appealed against and constitutes an enforcement order. Legal proceedings are initiated by submitting an application to the Court with the related documents and evidence.
The Court carries out a preliminary examination and notifies the defending party within 15 days. The debtor has 30 days to object. The average duration of proceedings is 2-3 years.
From the late 90s Invenium is one of the largest organizations specialized in the management and collection of receivables, both in Italy and worldwide. Invenium has developed a network of 117 legal partners in 105 countries.
Years of experience
Clients around Europe
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