Review article
https://doi.org/10.3935/zpfz.72.12.14
Capital Companies and Institutions as Bearers of Market-Oriented Activities of General Social Interest
Ratko Brnabić
; Faculty of Law, University of Split, Split, Croatia
Marko Ivkošić
; Faculty of Law, University of Split, Split, Croatia
Abstract
The realization of fundamental human rights and freedoms guaranteed by the Constitution of the Republic of Croatia and international treaties is inconceivable without the establishment, organization and performance of activities or services which are considered to be of general social interest. Such activities may or may not be market-oriented. Market-oriented activities are those whose performance is aimed at making a profit or economically assessable benefits, while if this is not the case, the activity is considered non-market-oriented. Market-oriented activities of general social interest are most often performed by institutions and capital companies. The paper discusses the internal and external relations of these legal entities, in particular their structure, management, management supervision, assets, liability for obligations, and representation. Joint stock companies and limited liability companies are considered in contrast with “ordinary” and public institutions. After comparing these types of legal entities, an attempt is made at answering the fundamental question: which legal form is more appropriate for performing market-oriented activities of general social interest?
Keywords
joint stock company; limited liability company; institution; economic activity; assets; liability for obligations
Hrčak ID:
280143
URI
Publication date:
1.6.2022.
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