201601.12
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PROPERTY VALUATION

Property valuation in Croatia is regulated by the law on property valuation, which was adopted on July 3rd 2015 and has been in force since July 25th 2015. The valuation of the property must be carried out with dilligence and by professionals, while taking into consideration all available evidence so that the result remains sustainable…

201512.02
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Promoting investment in the Republic of Croatia

The Act on Investment Promotion and Development of Investment Climate was passed in 2012. This Act contains incentive measures for investment and for the timely implementation of necessary investment activities. The Act determines the method and deadlines for completing all required investment activities with a view to implementing a successful investment project within the statutory…

201509.22
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CHANGES IN BANKRUPTCY LAW

New provisions of the Bankruptcy Act will enter into force from 1 September 2015 which aim to strengthen the protection of creditors and the transparency of the process. In Croatia there are 14 thousand companies without any employees, owing nearly 15 billion kuna. Croatian law provides two possible procedures to insolvent companies – pre-bankruptcy proceedings…

201410.09
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OPTANTS AND THEIR PROPERTY

After the end of the World War II and after conclusion of Peace Treaty between former Yugoslavia and Italy in 1947, massive emigration started from the territory over which the former Yugoslavia had established its sovereignty (Istria, Rijeka, and parts of Dalmatia). There were three ways of those emigrations: through the so called options, release…

201409.15
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MERGERS AND ACQUISITIONS OF LIMITED LIABILITY COMPANIES IN THE REPUBLIC OF CROATIA

Status changes of limited liability companies that arise from mergers and acquisitions are governed in Croatia by the Companies Act. Merger Merger means that one or more limited liability companies merge with another limited liability company without conducting a winding up process, indeed through a transfer of whole assets of merged companies to another company-…

201408.09
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INSOLVENCY PROCEEDINGS

The main goal of the insolvency proceedings is primarily to settle the creditor’s claims, and further on to ensure normal operating conditions for the debtors. Initiation of insolvency proceedings should be useful for debtor’s creditors as well as for the debtor himself; however, in a large number of cases this proceeding is initiated too late,…

201407.07
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TEMPORARY EMPLOYMENT AND JOB PLACEMENT

The difference between temporary employment and job placement is that with temporary employment, the employer is also the mediator, while with the job placement the employee enters into employment contract directly with the third party, who becomes the employer, while the mediator only connects the employer with the employee. Temporary employment Activities regarding temporary employment…