A critical Analysis of the Reprivatization process in practice and Privatization of Apartments in Macedonia - Part 2
| Author | Endri Papajorgji - Greta Alikaj |
| Position | Dean of the Faculty of Law at Tirana Business University College, Tirana, Albania - Ministry of Tourism and Environment |
| Pages | 7-10 |
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l.
5
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o
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3
N
ovember, 201
9
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SSN 2410-391
8
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cces online at www.ii
p
ccl.or
g
7
A
cademic Journal o
f
Business,
A
dministration, Law and Social Sciences
II
PCCL Publishin
g
, Graz-
A
ustria
A critical Anal
y
sis of the Reprivatization process in practice and Privatization
of A
p
artments in Macedonia – Part
2
Assoc. Prof. Dr. Endri Papa
j
org
ji
Dean o
f
the Faculty o
f
Law at Tirana Business
U
niversity College, Tirana,
A
lbania
M
Sc. Greta A
l
i
k
a
j
M
inistry o
f
Tourism and
E
nvironment
Ab
str
a
ct
This paper is a continuation o
f
the
fi
rst part o
f
the analysis o
f
the Reprivatization process
i
n practice and Privatization o
f
A
partments in Macedonia. The choice o
f
reprivatization
procedures and models o
f
privatization in Macedonia should take into account not only the
political and legal developments o
f
recent decades, but also the economic structure. This
m
anuscript is based in the analysis o
f
2 decisions o
f
the Court o
f
First
I
nstance.
I
n addition
t
he main problems o
f
the Privatization o
f
A
partments in Macedonia will be analyzed in a
s
ystematic method. Main objective o
f
this paper is to analyze the problems that accompanied
t
he reprivatization process in Macedonia in practice.
K
e
y
wor
d
s
:
Macedonia, reprivatization, commercial law, property
.
I
ntr
odu
ct
io
n
T
he search
f
or suitable
p
rivatization
p
rocedures and institutions in Macedonia shows
clearl
y
that this
p
rocess de
p
ends on the develo
p
ment o
f
ca
p
ital market institutions
a
nd the availabilit
y
o
f
domestic or
f
oreign ca
p
ital (
E
strin, 1991). These elements were
m
issing in Macedonia. There
f
ore, Macedonia re
f
rained
f
rom radical
p
rivatization
a
nd o
p
ted
f
or a moderate variant
.
D
ecision of the Court of First Instance G ... Nr 28
/
2000 of 23.06.2003
1
A
t the re
q
uest o
f
the insolvenc
y
administrator o
f
the state-owned
A
...
A
G o
f
G ...
a
nd the insolvenc
y
debtor as a user concerning the sale o
f
the state
p
ro
p
ert
y
o
f
the
R
e
p
ublic o
f
Macedonia b
y
international tender sale
p
rocedure,
p
ublished on 26.3.2003,
by
order o
f
the creditor board dated 12.5.2003, the Court o
f
First
I
nstance G ... decided
on 23.06.2003 as insolvenc
y
court as
f
ollows:
I
t is stated that the
p
ro
p
ert
y
o
f
the
i
nsolvenc
y
debtor
A
...
f
rom G ... was sold with the international tender
p
rocedure,
p
ublished on 26.3.2003, and due to the decision o
f
the creditor board o
f
12.5.2003.
T
he
f
actor
y
S ... with an area o
f
40.000 m² was sold
f
or 210.000
E
uro to G .... The bu
y
er
h
as to
p
a
y
the sum o
f
210,000 euros or the corres
p
onding Denar value within 21 da
y
s
a
er the e
ective date o
f
this decision to. The insolvenc
y
administrator is obliged to
t
ake all necessar
y
measures to carr
y
out the sale o
f
the debtor's
p
ro
p
ert
y
as described
a
b
o
v
e.
Mo
t
i
v
a
t
io
n
With court decision No. 28/2000 of 15.2.2002 the insolvenc
y
p
rocedure over the assets
1
Odluka na osnoviot sud Gostivar br. 28
/
2000 na 23.06.2003
.
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