Individual person – this term finds application in the area of Law of Contract. There it refers to the figure of a person, who performs legal actions in his personal capacity as a physical person. In other words, the term…

Insolvency claim – the insolvency claim is a method for bringing universal forced execution on the assets of the debtor. The goal is to satisfy the creditors of the debtor. Creditor lodges insolvency claim in a situation when the debtor…

Itinera – this term describes the area of the legal jurisdiction of one court.

Issue preclusion – this term refers to the legal non-possibility of a plaintiff to enter new claim on the same legal bases, namely in cases where the particular case have been already previously resolved with court decision.

Issued share capital – used mostly in the area of the Corporate Law, the term refers to the shares of a local corporate body, which shares have been transferred towards shareholders who have bought shares.

Issue – it means to start legal proceedings in court, in relation to pursuit of a claim.

Islamic Law – also known as “The Law of Sheriya”, this is the law according to the Muslim religion and as interpreted from the Koran religious book. Islamic law is probably best known for deterrent punishment, which is the basis…

Irreparable injury – used mostly in Tort Law, this legal term describes a type of injury that cannot be repaired; only compensated with financial satisfaction. The term can be used to describe a damage too – irreparable damage or harm.

Irredeemable debt – for example, this term refers to a debt towards the Government or towards the Municipality and which can not be liquidated with expiration of any deadlines; it is always due. The Contracts and Obligations Law in many…

Invoice file – in Business Law, this term refers to the list with vat-receipts, issued by a local corporate body.