Two seminars on commercial law for judges and notaries

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Published: May 27, 2021

IRZ organised two online seminars on commercial law topics together with the Judicial Training Centre (JTC) for judges and public prosecutors in Podgorica:

• "The new law on commercial companies and European corporate law” on 19 May 2021 and
• "Intellectual property – copyright and related rights" on 20 May 2021.

The background to the first event was the new Companies Act passed in 2020, which initiated a paradigm shift. The previous law followed the Anglo-Saxon model of deregulation, which resulted in many loopholes. This is because in Montenegro, unlike in the US, there is no case law as a supplementary source of law. This has now been taken into account through increased regulatory density.

In copyright law, the legal situation largely corresponds to that in Germany. However, similar to the USA, punitive aspects are also taken into account when sentencing for damages due to copyright infringement, so that much higher damages are often awarded than in the case of pure compensation for a reduction in assets on the part of the injured party. 

The speakers at both events were German and Montenegrin judges, as well as professors from Montenegro and Serbia who work in comparative law and have gained extensive research experience in Germany, among other places. This not only enabled an exchange between practising legal experts and academics, but also ensured that the perspectives of different national rights as well as that of European supranational law were covered.

In both events, the speakers presented the participants a wealth of materials, further information and case studies. The intensive discussions and questions afterwards prove the considerable need for training in this area.