When investors think of attractive and developed capital markets, Croatia’s is probably not the first to come to mind. Can that be changed?
Divjak, Topic & Bahtijarevic has helped Globe Trade Center obtain stage two financing from Erste & Steiermarkische Bank for the construction of the Matrix Office Park, a project consisting of “two highly-efficient buildings, designed and constructed in line with LEED Platinum certification for green construction,” according to DTB.
“Croatia has had a wave of NPL transactions which have left behind a need for more lawyers to manage the sold loan portfolios as case managers,” says Ivna Medic of Kallay & Partners in Zagreb. She reports that the Croatian businesses have recognized the need for lawyers as compliance officers and that more and more lawyers are accepting such positions.
When it first appeared, the compliance field seemed little more than “regulatory” in new clothes – a fancy name for making sure a company stayed within the ambit of provisions set out in the laws of a country. As time passed, however, more and more companies started treating compliance as a practice in its own right, and as a field of law … that is much more than just law. Compliance became an area of interest not only to seasoned lawyers, but also to scholars, consultants, and in-house counsels – all levels of legal practice became aware of its significance.
Use of Artificial intelligence is growing rapidly. Some of the world’s largest industries are using AI as frequently as any other business tool. Still, there are industries which seem to be more risk averse. Pharma integrates AI at the rate of 31% in the service operations sector, 31% in the product/service development sector, and 27% in the marketing sector. Does that mean that pharma is lagging in implementing AI?
By outsourcing production of major parts of car components, carmakers have also outsourced a substantial amount of their financing needs and associated risks to their suppliers. Still, despite rather slim margins, the prospect of a fairly stable cash flow over a number of years has made the automotive supplier business viable in the past. However, this viability is becoming questionable. This is visible in the number of struggling or even insolvent suppliers, the German group Eisenmann being a very recent example.
Ante Sucur has been the Head of Legal Affairs and Company Secretary at Mercury Processing Services International Ltd (formerly Intesa Sanpaolo Card Ltd) since 2009. Before joining Mercury, he worked for five and a half years at Privredna Banka Zagreb d.d. (which is also part of the Intesa Sanpaolo Group).