A reputable international business journal once described Croatia as an “economic and political basket-case.” Nowadays, it is becoming increasingly difficult not to agree with this impression. Open any newsfeed or any business journal, or Google top stories related to Croatia, and chances are you’ll stumble across at least one article about Agrokor. The headlines are something along the lines of “To house 15,000 creditors for the largest creditor’s meeting ever, Agrokor considers renting a stadium in Zagreb.“
“The business sector is definitely calming down in Croatia after the Agrokor scandal shocked the whole region last year,” says Partner Mario Krka of Divjak, Topic & Bahtijarevic. “Investors are regaining their confidence and the market is getting back to its old self, while the economy is being boosted by infrastructural and tourism investments already ongoing or planned for this year.”
In The Corner Office, we invite Managing Partners at law firms from across the region to share information about the strategies they employ to keep their teams motivated, effective, and focused. For this issue, we asked them to reveal what sorts of firm retreats and activities they host and/or organize for their lawyers.
CMS (on M&A) and DLA Piper (on financing) have advised Erste Group Immorent on the sale of the five-star hotel and apartment complex Radisson Blu Resort & Spa, Dubrovnik Sun Gardens to Chinese investor ADC GmbH. Savoric & Partner advised the buyer on the deal.
The relative success of the center-right Croatian Democratic Union in the September 11th extraordinary parliamentary election in Croatia “should be good for Croatia and good for business" reports Boris Savoric, Senior Partner at Savoric & Partners in Zagreb, if the party succeeds in forming a government with one of the minority parties in the country.
Women’s Day is behind us, but the subjects of gender equality and equal opportunity are of year-round concern. This, the first part of a special two-part CEE Legal Matters article on women in private practice in CEE, provides the numbers and percentages from leading law firms across CEE, as well as a more thorough snapshot of one representative market. Part II of the report, in the June issue, will pull back the curtain even more, providing feedback and perspectives from lawyers across the region.