Manjkavosti srpskog pravnog režima preuzimanja akcionarskih društava

Abstract

Pisac u referatu izlaže pitanja koja nisu uređena u važećem srpskom pravu u vezi preuzimanja privrednih društava. To čini upoređivanjem pravila o preuzimanju akcionarskih društava sadržanih u Zakonu o tržištu hartija od vrednosti i drugih finansijskih instrumenata iz 2002. godine sa odgovarajućim propisima drugih zemalja, koje su tu pojavu celovito i valjano uredile. Nakon objašnjavanja pojma preuzimanja, te njegovih prednosti i mana, pisac izlaže srpski pravni režim preuzimanja društava, da bi potom ukazao na nedostajuća pravila u njemu i na problem koji se stvorio u privatizaciji. U zaključku se posebno razmatra širina primene pravnog režima preuzimanja na ciljno društvo. Pisac zaključuje da je srpski pravni režim preuzimanja privrednih društava blag i da ga je zakonodavac namerno zaveo, radi omogućavanja imaocima krupnog kapitala da lako "pokore" privatizovana preduzeća u Srbiji.

In this conference paper the author explains questions that are not regulated in current Serbian law on takeovers of companies. He does that by comparing the rules on takeover of companies limited by shares in the Securities and Other Financial Instruments Market Act from 2002 with adequate regulations in other countries, which regulate that phenomenon in proper way. After contemplation of the notion of takeover in general, as well as its advantages and disadvantages, the author explains Serbian legal regime on takeovers, pointing to the loopholes within it and to the problem, which it has created in privatization. In conclusion, the author especially contemplates the scope of the takeovers special legal regime regarding to the organizational shape of a target company. Finally, he concludes that the Serbian legal regime on takeover of companies is "mild" one and that the legislator introduced it intentionally in order to enable the holders of large capital to "conquer" easily wealthy Serbian privatized companies.