The Legal 500



Legal market overview

Croatia acceded to the European Union as a full member in June 2013, bringing with it hope of EU funding and private investment for future. As of yet, though, Croatia’s economy remains sluggish and new foreign direct investment slow. Debt recovery work is now a staple of practice for many law firms and the recently introduced Pre-Bankruptcy Act added another layer of negotiation and regulation to existing laws, generating substantial mandates to advise clients as creditors or debtors. Firms are hopeful that government plans to privatise or part-privatise state assets could provide substantial mandates; the privatisations of Croatian Post Bank and insurer Croatia Osiguranje are two such examples.

The market remains characterised by small Croatian law firms staffed by a few senior partners with junior support, and the occasional split whereby ambitious younger lawyers form new firms. In 2012, Krehic Lacmanovic Law Office was dissolved and the respective name partners founded new firms, namely Law Office Krehic and Law Office Lacmanovic.

Bogdanovic, Dolicki & Partners, Divjak, Topic & Bahtijarevic, Hanzekovic & Partners, Porobija & Porobija, Savoric & Partners and Zuric i Partneri are among the largest of the local firms. The international law firms CMS, Schoenherr Rechtsanwälte GmbH in co-operation with Croatian Lawyers and Wolf Theiss – Zagreb branch all have offices locally. Karanovic & Nikolic in co-operation with local lawyers’ office, which opened in Zagreb in September 2012, is now a fully functional part of the firm’s regional network across the Balkans, and Eastern European intellectual property firm Petoševic is also present in the market.

The chapter this year includes a new, dedicated Intellectual property section.

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Legal Developments in Croatia

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  • Real Estate 2013. Chapter 11: Croatia

    This guide provides the international practitioner and in-house counsel with a comprehensive worldwide legal analysis of the laws and regulations of real estate. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Real Estate; published by Global Legal Group Ltd, London. ´.
  • Restitution of Property to non-Croatian Citizens – Possible at Last?

    After 14 years from the adoption of the Croatian Restitution Act, restitution to non- Croatian citizens of their nationalised property has become possible after the issuance of a Croatian Supreme Court ruling. Will the remaining restitution proceedings be finalised at last?

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