Baker McKenzie, Divjak Topic Bahtijarevic & Krka, and Marek Partners have advised the Migros Group and its start-up incubator Sparrow Ventures on their investment in Revendo. Baer & Karrer advised Revendo's founders.
Lovric Novokmet & Partners Advises on Sale of Koncar-Elektricni Uredaji to Koncar-Aparati i Postrojenja
Lovric Novokmet & Partners has advised the Koncar Group on the sale of Koncar-Elektricni Uredaji to Koncar-Aparati i Postrojenja.
Croatia: How the Pricing of Generics Affects Originators – A Case Study
The total consumption of medicines increased by 5% in 2021 compared to 2020. In financial terms, that is an increase of HRK 9.88 billion (or 17.4%) compared to 2020. Prescription-only medicines accounted for 92.9% of all consumption, while over-the-counter products accounted for 7.1%.
Market Snapshot: Renewable Energy in Albania
During the past decade, the Albanian energy sector has benefited from a wave of domestic and foreign investments in hydro-power generation. Photovoltaic and wind energy generation has lagged behind for a long time. Increasing environmental concerns over the excessive use of water resources and the continuous reduction in technology costs are now shifting the government’s focus toward photovoltaic and wind energy generation.
Know Your Lawyer: Nina Radic Kuzik of Savoric & Partners
An in-depth look at Nina Radic Kuzik of Savoric & Partners covering her career path, education, and top projects as a lawyer as well as a few insights about her as a person outside the office.
Data Protection News and Views from Croatia
So, what has the Croatian Personal Data Protection Agency (AZOP) been up to lately?
New Chapter for Croatian Platform Workers
The start of the 21st century has seen the biggest changes and developments in employment law since its birth in the flames and smoke of the industrial revolution. The norm of the second half of the 20th century, comprising eight-hour shifts and nine-to-five office jobs, is now being dismantled. From remote working, flexible hours, compressed workdays and workweeks, all the way to platform work, the spectrum of employment law has never had so many colors. Even though Croatia represents a small jurisdiction, worldwide trends are certainly not bypassing it.
Parallel Enforcement of EU and Croatian Competition Law after The New EU Vertical Block Exemption Regulation
On June 1, 2022, Commission Regulation (EU) 2022/720 on the application of Article 101(3) of the Treaty on the Functioning of the European Union (TFEU) to categories of vertical agreements and concerted practices (EU VBER) entered into effect in all EU member states. The new EU-level rules were adopted, inter alia, to align the existing framework with the specifics of the online platform economy which plays an important role in the distribution of goods and services across the whole EU. Still, although the new VBER has significantly changed the rules on the application of Article 101(3) TFEU to vertical agreements, the existing Croatian Regulation on Block Exemption of Vertical Agreements between Undertakings (Croatian VBER) has not (yet) undergone a similar revision.
Legal Aspects of the Introduction of the Euro in Croatia
On 1 January 2023, the Republic of Croatia will enter the eurozone and replace the Croatian kuna (HRK), the existing national currency, with the euro. Although the change has been welcomed by most stakeholders, it also leads to increased demands for regulatory compliance and additional expenses.
The Croatian Banking Sector – A Bittersweet Symphony
Nothing worse than something spoiling your party. Croatia had a perfect tourism season, with plenty of guests staying at hotels, resorts, camps, or yachts. Other industries are doing great as well. On top of everything – Croatia is admitted to the eurozone as of January 2023, and the National Bank reduced the required reserve ratio and abolished the minimum foreign currency liquidity, strongly increasing banks’ cash resources! Everything was ready for a 2023 party – plenty of funds within the banks, industry in its upward trend, the real estate sector developing, new unicorns ahead of us – it seemed like financing possibilities would be all around, with low interest rates and plenty of opportunities!
A Paradigm Shift in Providing Legal Services in Croatia
Legal markets, much like other markets, are susceptible to global tendencies and changes shaping the industry. CEELM sat down with Divjak Topic Bahtijarevic & Krka Partner Ema Mendjusic Skugor to discuss the Croatian legal market and its growing pains in keeping up with global trends.
Croatia’s Euro-Vision
On January 1, 2023, Croatia will finally gain a much-coveted place in the eurozone club. Making the switch is a massive undertaking that will impact every person living and working in the Adriatic country. Eight Croatian legal experts share their insights on how the market will adapt, how the legislative framework will change, and who will stand to gain the most.
Lovric Novokmet & Partners Advises Koncar Digital on Acquisition of Kodeks Sistemske Integracije and Exa Globe
Lovric Novokmet & Partners has advised the Koncar Group on Koncar Digital’s acquisition of Kodeks Sistemske Integracije and Exa Globe.
Vukmir & Associates Advises on Zagrebacka Banka Bond Issuance
Vukmir & Associates has advised Zagrebacka Banka on the issuance of internal MREL notes to its majority shareholder UniCredit.
Ilej & Partners and Dominkovic & Osrecak Advise on MYTY Group Acquisition of 404 Group
Ilej & Partners, in cooperation with Karanovic & Partners, has advised the MYTY Group on its acquisition of the 404 Group. Dominkovic & Osrecak advised the seller.
BDK Advokati Advises Degordian on Acquistion of Majority Stake in Shopycode
BDK Advokati has advised Croatia's Degordian on its acquisition of a 51% stake in Serbian e-commerce software development company Shopycode.
New Year, New Clubs, and New Assets To Trade for Croatia: A Buzz Interview with Miroslav Plascar of Zuric i Partneri
Aside from Croatia entering the Euro and Schengen zones, there have been numerous other legislative updates of note – primarily in the spheres of labor and land rights – according to Miroslav Plascar, Co-Managing Partner of Zuric i Partneri in cooperation with Kinstellar.
Kinstellar Advises Angelina Yachtcharter on Acquisition of Jadranka Yachting
Kinstellar’s Croatian affiliate Zuric i Partneri has advised Angelina Yachtcharter Holding on its acquisition of 85% of the shares of Jadranka Yachting from Jadranka d.d. and Arman Percinlic.