POSITIVE LEGAL ASPECTS OF COMPULSORY INSURANCE OF BANKRUPTCY MANAGERS AND ATTORNEYS IN SERBIAN INSURANCE LAW

The paper deals with a part of legislative reforms in the field of justice in two laws. The Bankruptcy Law from 2009 and the Advocacy Law from 2011 analysed positive legal aspects of introducing compulsory professional liability insurance of bankruptcy managers and attorneys. The author first stated positive legal provisions in each of these two laws, as well as by-laws enacted according to these legal provisions. For each of these two laws, certain elements of compulsory professional liability insurance of bankruptcy managers and attorneys were examined. The conclusion states that the Bankruptcy Law stipulates compulsory and supplementary professional liability insurance of bankruptcy managers and that only some important elements of compulsory professional liability insurance of bankruptcy managers are regulated, therefore, only revision of that part of the Bankruptcy Law was proposed. In relation to the Advocacy Law, it was concluded that the elements of compulsory professional liability insurance of attorneys are regulated and require revision of that law, in accordance with the arguments presented in this paper.

Key words: compulsory professional liability insurance, bankruptcy manager, attorney, law.