Skip to content
Skip to content
Tsg
  • About us
    • Values
    • Clients
    • What we do
    • Social Responsibility
    • Career
    • German Desk
    • Go International
  • Expertise
  • Team
  • News
    • Practice & News
    • Newsletter
    • Seminars & Events
    • Publications
    • COVID-19
  • Contact
  • EN
    • SR
    • DE
    • RU
TSG
  • About us
    • Values
    • Clients
    • What we do
    • Social Responsibility
    • Career
    • German Desk
    • Go International
  • Expertise
  • Team
  • News
    • Practice & News
    • Newsletter
    • Seminars & Events
    • Publications
    • COVID-19
  • Contact

Menu

  • Home
  • About us
  • Expertise
  • Clients
  • Team
  • News
  • Contact
  • Seminar & Event gallery
  • Clients

Find us on

Facebook

Instagram

Linkedin

Contact

TSG Law Office Belgrade

Carice Milice 3,
11000 Belgrade, Serbia

Tel/Fax: +381 (0)11 3285 227,3285 208, 3285 153
office@tsg.rs

Back to Newsletters

Insolvency – What is new?

Newsletter 66

The long-awaited changes to the regulations governing bankruptcy have been introduced under the Law on Amendments to the Bankruptcy Law, published in the “Official Gazette of RS” No. 83/2014.

The new solutions that will have the greatest practical impact on the bankruptcy and reorganisation proceedings cover the following areas:

1. Secured creditors and pledge creditors

The amendments introduce a new category of creditor in the bankruptcy proceedings – the pledge creditor.

A pledge creditor is defined as creditor “holding a security interest over the assets or rights of the bankruptcy debtor registered in public registers or books, however not having any monetary claims against the bankruptcy debtor secured under such security interest”.

In spite of the obvious similarity between the secured creditor and pledge creditor , the difference is fundamental – the pledge creditor does not have a monetary claim against the bankruptcy debtor, but only the right of pledge over a certain asset or right that is part of the bankruptcy estate.

A pledge creditor would exist in case of agreements creating a pledge to the benefit of a third party, i.e. in cases where the bankruptcy debtor (as pledgor) has pledged any of its assets or rights to serve as security for a claim which the pledge creditor (pledgee) has against a third party (as principal debtor), rather than against the bankruptcy debtor.

Neither secured nor pledge creditors are deemed to be bankruptcy creditors.

Read the full article in the PDF file »
« Newsletter 67 - 58th World Congress of the International Association of Lawyers Newsletter 65 - TSG seminar - Amendments to the Labour Law »

TSG Lawyers

  • Disclaimer
  • Privacy Policy
  • Cookie Policy

© 2025 TSG. All rights reserved. Powered by Digital2

TSG

  • About us
  • Contact
  • Expertise
  • Teams
  • Actualités