On 25th and 26th of April 2014 Partners Serbia conducted a training for Case Managers in Consensual Financial Restructuring procedure (CFR) within a project Support for Effective Implementation of the Consensual Financial Restructuring Law in Serbia. This two-day training was organized with the aim to establish a Case Management Network for managing and referring cases to the Center for Services and Mediaton of the Chamber of Commerce and Industry of Serbia (Center).
The training was attended by 24 participants from 9 regional chambers and Chamber of Commerce and Industry of Serbia (CCIS). Wide participation of the regional chambers provides an equal regional coverage and efficiency in providing the information about the CFR procedure and referring suitable cases to the Center. Participants were able to improve their knowledge in the field of debt restructuring, get familiar with the legal framework for CFR and meliorate their communication skills and techniques. These topics are essential for communication with the potential participants to the procedure, suitability assessment and management of the cases, moreover it is crucial for further promotion of the CFR procedure among the business people in their local communities.
The Law on Consensual Financial Restructuring of Companies (”Official Gazette of RS”, No. 36/11) established the possibility of restructuring of the companies with financial difficulties within the CCIS, as the institutional mediator.
In order to enable efficient and widespread implementation of consensual financial restructuring as a method of re-arranging relationships between the companies with financial difficulties and their creditors, specifically commercial banks, the CCIS is conducting a Project “Support for Effective Implementation of the Consensual Financial Restructuring Law in Serbia”. The project is financed by the European Bank for Reconstruction and Development and is currently being implemented by an international consortium of expert consultants, consisting of Partners Serbia, Law Office Andric, EMA Global (USA), and ADR Center (Italy) with the active participation of the EBRD.
The Assessment of the procedure before the CCIS and its institutional capacity was conducted within the Project. Based on these Assessments certain recommendations for improvement of legal framework and existing practice were made.
The training was based on the Assessments’ recommendation and was being delivered by the debt restructuring, communication, mediation and IT experts – attorney at law Luka Andric, psychologist Dragana Cuk Milankov, attorney at law and mediator Blazo Nedic, and IT specialist Predrag Milenkovic.