This paper discusses the privatisation and the process of the privatisation in Bosnia-Herzegovina and analyses the relevant factors which had an influence on the failure of this process.The privatisation as a subject is very wide and encloses apart from the juridical-economic aspects also the social and purely economic ones. This paper only refers to the juridical-economic aspects of the privatisation in Bosnia-Herzegovina.The first part of this paper describes the concept of the social ownership in former Yugoslavia as well as the anchorage of the Law on Social Work in the Constitution of former Yugoslavia. Further on, the paper compares the concept of the ownership in a capitalistic free market economy with the concept of the ownership in a centrally planned economy. The concept of the social ownership is being discussed, because it is this formerly socially owned property that is being privatised today.The second part of the paper shows the legal and institutional framework of the privatisation.The third, empiric part, introduces and discusses the relevant and representative cases law regarding the privatisation process in Bosnia-Herzegovina. This part investigates the problems encountered with the application of the law. The interviews with professionals dealing with the relevant cases support the argumentation of this third part. The following description and discussion of the factors, that in my opinion had a major influence on the privatisation process, represents an analysis of the problems hindering the process of the privatisation.Taken into consideration that the legal questions linked with this subject are complex and numerous, this paper addresses only the most essential and from my point of view the most important ones.