Execution for the realization of a monetary claim against the debtor can be carried out on all funds in their accounts at the bank. By the execution order on the monetary funds held in the debtor’s transaction account, the bank is instructed to transfer the monetary amount specified in the execution order from the debtor’s transaction account to the transaction account of the execution creditor or their authorized representative. Execution on a monetary claim belonging to the creditor is determined by instructing the bank, through the execution order, to pay the monetary amount specified in the execution to the execution creditor or their authorized representative after the enforceability of the execution order.
This order has the effect of an execution order specifying the seizure of a monetary claim and transfer for collection. The execution order will determine the debtor’s account number from which the payment should be made, as well as the creditor’s account number or their authorized representative’s account number to which the payment should be made or another method of payment. The bank processes the collection in order, according to the time of delivery of the execution order unless otherwise specified by law. The bank maintains a special record of the order of execution orders by day and time of delivery and issues a confirmation to the execution creditor, upon their request, regarding the place of their claim in that order.
If execution is carried out for the collection of claims in other monetary assets, funds from the debtor’s foreign currency account are converted into those funds at the exchange rate at which the bank, where the account is held, would carry out this conversion upon the request of the debtor. The payment is then made according to the rules of payments from accounts held in those funds.
In a case where this Law Office successfully represented the plaintiffs in a civil proceeding No. 61 0 Ps 015317 23 Ps, the District Commercial Court in East Sarajevo, case number 61 0 Ps 015317 23 Ps, on June 19, 2023, issued a Judgment obliging the defendant to pay the plaintiff 195.583,00 KM for the principal debt, an amount of 29.223,50 KM for the agreed interest, and to reimburse the plaintiff for the costs of the court proceeding in the amount of 6.716,08 KM, all within 15 days.
Based on the mentioned final and executed judgment, a proposal for execution on a claim on the account at the bank in Bosnia and Herzegovina – Execution on a claim on the account at the bank was submitted. Subsequently, the District Commercial Court in East Sarajevo, on September 29, 2023, ordered the proposed execution and issued an Execution Order number 1 0 Ip 015673 23 Ip. Based on this Execution Order, the execution creditor successfully collected 224.806,50 KM for the debt and 6.716,08 KM for the costs of the court proceeding.
If you need advice on the execution of a claim on an account at a bank in Bosnia and Herzegovina – Execution of a claim on an account at a bank, whether as an individual, company, shareholder, director, or founder, or if you need a Corporate lawyer for your company or business idea, then you are in the right place with us. You can contact our Corporate lawyers directly via phone (+387 62 342 463), WhatsApp, Viber, or email (rasid@haracic.ba).
