In the wake of the war in Ukraine and Russia shutting down the gas supply to Europe, Croatia has been forced to take the upcoming potential energy crisis seriously, with several government measures and packages being implemented, according to Savoric & Partners Partner Mia Lazic.
Clifford Chance and Dominkovic & Osrecak have advised Taaleri Energia and Encro on the EUR 126 million senior debt financing package for the construction of the Zadar wind farm in Croatia. CMS reportedly advised the lending consortium.
We can probably all agree that no one likes bad surprises, and the same especially holds truth with respect to unexpected outcomes of legal proceedings. When it comes to civil proceedings before Croatian courts, so-called “surprise” decisions were recently introduced into Croatian legislation by Articles 5 and 367a of the new Croatian Civil Proceedings Act which entered into force on 19 July 2022.
The strategic importance of the energy sector in securing a stable and sustainable energy supply is currently a hot topic across Europe. The global rise of energy prices, supply chain issues, and tackling climate change are some of the major challenges all European countries are currently facing. Croatia is no different. While tackling these global challenges, the Croatian energy sector has been undergoing major legislative and regulatory changes, especially in the field of renewable energy.
Schoenherr, working with Pinsent Masons and Wenger Vieli, has advised Kontron on selling parts of Kontron Group’s IT services business to Vinci Energies during a competitive auction process, for approximately EUR 400 million. Reportedly, Baker McKenzie’s German office advised Vinci Energies. Loloci & Associates advised Kontron on Albanian matters.
In the past decade, the tech industry in Croatia has been growing at four times the rate of the entire Croatian economy, according to research by the Croatian Chamber of Economy. Despite all the obvious positivity of its high growth, the Croatian tech scene has been facing a challenge of its own: talent gaps.
On July 12, four leading lawyers from Croatia, Lithuania, Poland, and Romania sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the latest in ESG developments with a focus on green financing, its regional and local drivers and roadblocks, its impact on non-financial reporting, and what it all means for the legal profession.
On April 28, 2022, CEE Legal Matters reported that Porobija & Spoljaric had advised Croatian tourism company Mon Perin on listing its shares on the Zagreb Stock Exchange. CEE In-House Matters spoke with Massimo Piutti President of the Management Bord at Mon Perin, to learn more about the matter.
Despite economic forecast-related fears, there is plenty to be optimistic about in Croatia, with the country joining the eurozone and Schengen area next year, according to Divjak, Topic, Bahtijarevic & Krka Senior Partner Damir Topic.
EU and national associations representing companies that bring ultrafast digital connectivity in Europe – AOMR (RO), APMS (CZ), AssoTelecomunicazioni (IT), ATI (BG), DigitalES (SP), ETNO (EU), Federation Francaise des Telecoms (FR), and the GSMA Europe (EU), issued a joint statement calling for greater participation of Big Tech and OTTs in infrastructure investments and extending some telecoms regulatory requirements to OTT services.