Moravcevic Vojnovic and Partners in cooperation with Schoenherr has advised Integral Venture Partners on its acquisition of a controlling stake in Chips Way alongside co-investor and industrial partner Nelt Group. Vukina & Partners advised sellers Jagoda Bajevic, Dobroslav Barbaric, Ivana Vujcic, Matko Dropuljic, Vlatko Barbaric, Djordje Dragicevic, Ivana Einfalt, and Tomislav Bajevic.
DTB, CMS, and Tus & Grzic Advise on PPD and INA Sale of TMF to Yildirim Group
Divjak Topic Bahtijarevic & Krka and Tus & Grzic have advised Prvo Plinarsko Drustvo and INA, respectively, on the sale of their stakes in joint-venture company Terra Mineral Fertilizer to the Yildirim Group. CMS advised the Yildirim Group.
Electronic Signatures, Contracts, and Archiving in Croatia
Contributed by Ostermann.
BDV Advises Provectus Capital Partners on Dentum Dental Clinic Investment
Batarelo Dvojkovic Vuchetich has advised Provectus Capital Partners on the investment – through its Adria Dental Group subsidiary – in the Dentum Dental Clinic in Zagreb. Pavlicek Ergarac Medved reportedly advised the sellers.
TMT Leading the M&A Charge for Croatia: A Buzz Interview with Tarja Krehic of Krehic & Partners
High levels of M&A activity in Croatia, originating from both domestic companies and foreign investors, are reshaping a number of sectors – primarily IT and media – according to Tarja Krehic, Managing Partner of Krehic & Partners in cooperation with Deloitte Legal.
Harmonized EU Digital Internal Market is Finally Here. To Stay.
Harmonized rules ensuring smooth functioning of the EU Digital Internal Market finally have finally come into existence. Instead of 27 different legal requirements there will be only one set of rules regulating digital market and services in the EU –namely, the Digital Markets Act and the Digital Services Act.
Drakopoulos Among Plethora of Firms Advising European Commission on Directive 2018/2001 Transposition Review
Drakopoulos has advised the European Commission's Directorate-General for Energy on reviewing the transposition process of Directive 2018/2001 (RED II) on the promotion of the use of energy from renewable sources into the Greek legal framework. Dimitrov Petrov & Co, Kirm Perpar, Wardynski & Partners, and Kinstellar Croatian affiliate Zuric i Partneri advised on the transposition review in Bulgaria, Slovenia, Poland, and Croatia, respectively. CLM Bitai & Partners and Vojcik & Partners also reportedly advised the European Commission.
Croatia: The Supreme Court Implements Ex Officio Control of Unfair Contract Terms
The position of consumers has been strengthened by a recent Supreme Court resolution by which the courts are obligated, within enforcement proceedings initiated against consumers, to examine, of their own motion (ex officio) whether an enforceable title contains unfair provisions. The resolution only relates to enforceable titles that have not been previously reviewed by a court, primarily agreements concluded in the form of directly enforceable notarial deeds.The resolution of the Supreme Court represents a further step in the protection of consumers with regard to unfair clauses as regulated by Council Directive 93/13/EEC on unfair terms in consumer contracts (UCTD). It is in line with the Guidance on the interpretation and application of the UCTD and the respective decisions of the Court of Justice of the European Union (CJEU).
CMS Advises Zagrebacka Banka, HBOR, and EBRD on Financing EUR 126 Million Wind Farm Projects in Croatia
CMS has advised a consortium of Zagrebacka Banka, the Croatian Bank for Reconstruction and Development, and the EBRD on financing Taaleri Energia and Encro's EUR 126 million project to build two onshore wind farms near Zadar.
DTB Advises Allianz on Bancassurance Transactions with UniCredit in Croatia
Divjak Topic Bahtijarevic & Krka has advised Allianz on the sale of its 11.72% stake in Zagrebacka Banka to the UniCredit Group and on Allianz Holding Eins’ purchase of Zagrebacka Banka’s 16.84% stake in insurance company Allianz Croatia. Schoenherr reportedly advised UniCredit on the transactions.
Kinstellar Advises Robin Powered on Flow and Form Acquisition
Kinstellar Croatian affiliate Zuric i Partneri has advised Robin Powered on its acquisition of Flow and Form. Sole practitioner Marko Kapetanovic reportedly advised the seller.
Vukmir & Associates Advises on Belvedere Restructuring
Vukmir & Associates has advised the majority creditors and bankruptcy administrator on the restructuring and exit from the bankruptcy of Dubrovnik-based Belvedere.
Boyanov & Co Among Plethora of Firms Advising on BioIVT’s Acquisition of Fidelis Research
Boyanov & Co has advised BioIVT on its acquisition of Fidelis Research. Divjak Topic Bahtijarevic & Krka, BDK Advokati, Nestor Nestor Diculescu Kingston Petersen, and Kolcuoglu Demirkan Kocakli have advised BioIVT on Croatian, Serbian, Romanian, and Turkish law-related matters, respectively. Hristov & Partners advised Integrity Capital Investments on the sale. Penkov Markov & Partners advised the other sellers.
Kinstellar and BMWC Advise on Angelina Yachtcharter’s Acquisition of Ultra Sailing
Kinstellar’s Croatian affiliate Zuric i Partneri has advised Angelina Yachtcharter Holding on its acquisition of an 85% stake in Ultra Sailing. Bradvica Maric Wahl Cesarec advised the seller.
Dealing with Energy and Sanctions in Croatia: A Buzz Interview with Mia Lazic of Savoric & Partners
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 Advise on EUR 126 Million Financing for Zadar Wind Farm
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.
Surprise! Surprise! No More Surprise Decisions!
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.
Kinstellar Advises on Incorporation of Employer Associations in Croatia
Kinstellar’s Croatian affiliate Zuric i Partneri has advised on the incorporation of two employer associations in Croatia: the Association of Trade and Logistics and the Association of the Processing Industry and Technology.