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Croatia
Schoenherr Attorneys at Law
On 23 April 2020 the Croatian Government adopted a Proposal for an Act on Intervention Measures in Enforcement and Insolvency Proceedings During Special Circumstances.
Schoenherr Attorneys at Law
After almost two years, the extraordinary administration proceedings over Agrokor and 77 of its Croatian group companies is entering its final stage.
Schoenherr Attorneys at Law
Reasoning behind the changes: In the two years that the "new" bankruptcy regime – the Bankruptcy Act of September 2015 (Stečajni zakon; the "BA") – has been in place, the number of pre-bankruptcy procedures initiated in Croatia has plummeted to only 273, with 58 restructuring plans being accepted.
Eurofast
Over the past few months, Croatia's economy focus is primarily set upon the status of its biggest food and retail group, Agrokor d.d.
Schoenherr Attorneys at Law
The Croatian Consumer Bankruptcy Act (Zakon o stečaju potrošača; "ZSP"), which entered into force on 1 January 2016, for the first time introduces the legal concept of consumer bankruptcy into the legal system.
Schoenherr Attorneys at Law
The recently adopted Croatian Bankruptcy Act ("SZ") sets out a new integrated pre-bankruptcy and bankruptcy regime.
Schoenherr Attorneys at Law
Approximately one year ago the new pre-bankruptcy settlement act came into force. Since then first attempts to acquire debtors under pre-bankruptcy settlement were made.
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