Multilateral compensation is a special type of compensation based on the law of obligations, which appears in termination of three or more mutual obligations between three or more parties. The purpose and economic objective of the mentioned legal institute is to terminate mutual monetary obligations between three or more parties without making the payment in cash.
This master thesis deals with the institute of multilateral compensation as regulated in Slovenian legal system. The introduction is followed by the second chapter which describes the basics of the law of obligations' institute of compensation and a description of other types of compensation. The third chapter presents the institute of multilateral compensation in relation to bilateral compensation, followed by the description of its content, as defined by the Slovenian case law, before the adoption of the Slovenian Act on prevention of late payments. Chapter four describes the issue with late payments and relevant European and Slovenian legislation. Chapter five and six provide a more detailed description of voluntary and mandatory multilateral compensation as governed today by Slovenian law. The seventh chapter is intended to outline some of the key issues regarding multilateral compensation raised after adoption of the Slovenian Act on prevention of late payments. And chapter eight is presenting my conclusions and findings on the question of whether the multilateral compensation is an effective tool to achieve the purpose for which it was established, and whether it has actually contributed to decrease of late payments in Slovenia.
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