Comparative approach to the legal regulation of Joint-stock companies in the Republic of Kosovo, North Macedonia and Albania
Session
LAW
Description
The aim of this paper is to give a comparative account of the normative organization of joint stock companies in the Republic of Kosovo, Macedonia, Albania, as the personification of capital trading companies, and as one of the most important forms of business management.
In three laws on commercial companies, the concept that a joint-stock company is a special form of a commercial company is accepted. What is important to note is the fact that joint-stock companies, as a special form of commercial companies, in the three countries that are the subject of the work's analysis, were created as a result of an "unnatural" economic process. Considering the socio-economic conditions, joint stock companies in all three countries were created in the process of transformation of social capital.
On the other hand, by reviewing the professional literature in the field of company law, all scientific works that deal with this form of company point to the conclusion that the joint-stock company was created at the time of colonialism and the industrial revolution and the general opinion that modern capitalism cannot develop unless there is a joint stock company.
The predecessors of joint stock companies gather in the first banks in Italy. The first forms of joint stock companies are large overseas colonial companies that were founded from 1600 onwards. In relation to the issue of introducing a normative system for the regulation of trading companies, England took the lead with its Companies Act in 1862.
Today, under the influence of European integration, the process of coordination and harmonization of significant differences in the national legislation of the member states in relation to the development and legal solutions for joint-stock companies has begun. The Council of Europe adopted a series of directives related to the harmonization and unification of the organization and operations of joint stock companies.
Keywords:
capital, company, shares, dividend, corporate governance.
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-550-95-6
Location
UBT Lipjan, Kosovo
Start Date
28-10-2023 8:00 AM
End Date
29-10-2023 6:00 PM
DOI
10.33107/ubt-ic.2023.134
Recommended Citation
Nuredini, Bashkim and Dodevska, Vesna Paunkoska, "Comparative approach to the legal regulation of Joint-stock companies in the Republic of Kosovo, North Macedonia and Albania" (2023). UBT International Conference. 12.
https://knowledgecenter.ubt-uni.net/conference/IC/LAW/12
Comparative approach to the legal regulation of Joint-stock companies in the Republic of Kosovo, North Macedonia and Albania
UBT Lipjan, Kosovo
The aim of this paper is to give a comparative account of the normative organization of joint stock companies in the Republic of Kosovo, Macedonia, Albania, as the personification of capital trading companies, and as one of the most important forms of business management.
In three laws on commercial companies, the concept that a joint-stock company is a special form of a commercial company is accepted. What is important to note is the fact that joint-stock companies, as a special form of commercial companies, in the three countries that are the subject of the work's analysis, were created as a result of an "unnatural" economic process. Considering the socio-economic conditions, joint stock companies in all three countries were created in the process of transformation of social capital.
On the other hand, by reviewing the professional literature in the field of company law, all scientific works that deal with this form of company point to the conclusion that the joint-stock company was created at the time of colonialism and the industrial revolution and the general opinion that modern capitalism cannot develop unless there is a joint stock company.
The predecessors of joint stock companies gather in the first banks in Italy. The first forms of joint stock companies are large overseas colonial companies that were founded from 1600 onwards. In relation to the issue of introducing a normative system for the regulation of trading companies, England took the lead with its Companies Act in 1862.
Today, under the influence of European integration, the process of coordination and harmonization of significant differences in the national legislation of the member states in relation to the development and legal solutions for joint-stock companies has begun. The Council of Europe adopted a series of directives related to the harmonization and unification of the organization and operations of joint stock companies.