Commercial law in Macedonia after 1990

With the Declaration of Independence of 17.11.1991 and the entry into force of the Constitution on 20.11.1991, Macedonia was free to draft its own legislation. But the difficult internal and external situation, the unofficial imposition of the Greek embargo since the end of 1991, and the UN embargo...

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Published inTribuna Juridică Vol. 9; no. 19; pp. 276 - 282
Main Authors Tahiraj, Rezarta, Papajorgji, Endri
Format Journal Article
LanguageEnglish
Published Societatea de Stiinte Juridice si Administrative 2019
Society of Juridical and Administrative Sciences
Subjects
Commercial Law
Law and Transitional Justice
Law on Economics
Law, Constitution, Jurisprudence
reform
commercial law
Macedonia
free market economy
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Summary:With the Declaration of Independence of 17.11.1991 and the entry into force of the Constitution on 20.11.1991, Macedonia was free to draft its own legislation. But the difficult internal and external situation, the unofficial imposition of the Greek embargo since the end of 1991, and the UN embargo on Yugoslavia, which brought losses of US $ 80 million a month to the new state, had a negative impact on the legislative process. The 1990 (!) amended Yugoslav company law of 1988, which replaced the Organization of Associated Labour as a basic economic subject with the "commercial companies" as a new legal concept, organized the economic life in public companies and limited liability companies. All Art.s that regulated the economic organizations in Yugoslavia were abolished. This amendment was in force until 30.5.1996. In this sense, main objective of this manuscript is the analysis of the commercial law reforms in Macedonia after the fall of communism towards a free market economy and EU membership.
ISSN:2247-7195