Civil law liability of bankruptcy trustee and the state in bankruptcy proceedings

A bankruptcy trustee shall be liable with his personal assets for the damage caused with intent or out of gross negligence to the participants in the bankruptcy proceedings, while the burden of proof of such a quilt shall rest on the injured party. In the case when the damage is caused by negligence - the state - the Republic of Serbia - shall be held liable, as a legal person liable for the damage caused by its organ. For the damage caused to the parties in the bankruptcy proceedings with intent or out of gross negligence the bankruptcy trustee and the Republic of Serbia shall be jointly and severally liable. An objection filed in the procedure for the sale of assets does not effect the validity of the concluded sale. It rather serves as a basis for determining the liability of the bankruptcy trustee if the damage has been caused by an act of the bankruptcy trustee in the sales procedure.