Banking, finance and capital markets in Croatia

Divjak Topic Bahtijarevic & Krka

Divjak Topic Bahtijarevic & Krka’s market-leading team handles the full range of banking and finance matters, including regulatory and compliance issues, in addition to high-value, cross-border project financing mandates. Key clients include borrowers and lenders, as well as large-scale companies and financial services groups. Practice leader Damir Topić drafts financial agreements and contracts, and advises clients on risk management strategies, ensuring compliance with banking regulations. Marta Hren assists with the financing aspects of infrastructure projects and acquisitions, while Lorena Mičik supports on refinancing deals. Iva Vukoja is another key contact in the group.

Practice head(s):

Damir Topić


Other key lawyers:

Marta Hren; Lorena Mičik; Iva Vukoja


Testimonials

‘Business-oriented, experienced and knowledgeable, and ready to react whenever needed.’

‘Damir Topić provides fast and accurate advice.’

‘Professional lawyers, covering not only legal advisory, but also acting as a representative in execution of transactions. Promptness and accuracy of service.’

Key clients

Deutsche Telekom AG


Ceska Sporitelna and Ceskoslovenska Obchodni Banka


Bank Polska Kasa Opieki


Law Firm Glinska & Miškovic Ltd

Praised for its ‘expertise and stellar reputation’, the team at Law Firm Glinska & Miškovic Ltd represents an impressive range of international and domestic clients. Aleksej Mišković heads the practice, specialising in cross-border debt transactions and bond issuances, among other advisory matters for financial institutions. Beata Glinska has been pivotal to the firm’s work in representing  international investors, lenders and banks in real estate project development and management matters, while Katarina Šarić handles capital markets and regulatory compliance mandates, with an ‘exceptional problem-solving approach’. Tena Jurišić is also recommended for her support in multi-jurisdictional banking transactions.

Practice head(s):

Aleksej Mišković


Other key lawyers:

Beata Glinska; Katarina Šarić; Tena Jurišić


Testimonials

‘Throughout the years, Glinska & Miškovic’s team keep providing expert guidance and support in all our financial matters, confirming their expertise and stellar reputation in the sector.’

‘The team at Glinska & Miškovic shows deep knowledge and experience, and are able to navigate complex transactions with ease, confidence and the attention to detail.

‘Aleksej Mišković excels in providing legal advice. We are always beyond satisfied with his work and dedication. Aleksej provides invaluable insight and legal advice while being attentive to our needs.’

‘Katarina Šarić possesses outstanding expertise and knowledge in complex transactions. She has an exceptional problem-solving approach and consistently demonstrates willingness to go above and beyond.’

‘Tena Jurišić managed the Croatian aspects of an international transaction in a professional and practical manner, and was able to meet a very demanding deadline.’

‘Transparent communication and fast execution.’

‘Beata Glinska is highly involved in the entire transaction and always available for clients and counter-parties.’

‘They are highly accessible, professional and at the same time, flexible. It is easy to establish communication, and business flows smoothly.’

Key clients

Punta Skala d.o.o. and Zadar B.V.


Michlol Growth Ltd


European Bank for Reconstruction and Development


Dechra Pharmaceuticals PLC


Banca IMI S.p.A.


The Boston Consulting Group


Viva Payment Services S.A.


Genera d.d.


Work highlights


  • Advised Michlol Growth Ltd on funding acquisition of a large hospitality company by international hotels group.
  • Advised Punta Skala d.o.o. on obtaining loan for investment and refinance purposes by a consortium of large banks from Croatia and Italy.
  • Advised Dechra Pharmaceuticals PLC as to matters of Croatian law in connection with the GBP 340 million multi-currency revolving credit facility agreement

Madirazza & Partners

Co-led by Josip Madirazza, the team at Madirazza & Partners acts for borrowers, lenders, sponsors, commercial banks and multilateral development finance institutions on financing transactions, with notable expertise in the energy sector. The team also has strong credentials in representing major financial creditors, as well as both public and private companies. Practice co-leader Tatjana Radmilović handles the full range of domestic and international corporate transactions, in addition to securities and debt capital markets mandates. Other key contacts in the group include Tamara Jakšić, who advises on project financing, and Marinka Kovačić.

Practice head(s):

Josip Madirazza; Tatjana Radmilović


Other key lawyers:

Tamara Jakšić; Marinka Kovačić


Key clients

MET Croatia Energy Trade ltd.


Vjetroelektrane Ponikve d.o.o.


ZAGREBAČKI HOLDING d.o.o.


Zagrebačka banka d.d.


Work highlights


  • Advised Zagrebački holding d.o.o., a holding company owned by City of Zagreb, in major EUR 250,000,000 refinancing of ZAGREBAČKI HOLDING d.o.o. by syndicate of Croatian banks.
  • Advised MET Croatia Energy Trade Ltd., in matters of cross-border financing.
  • Advising Vjetroelektrane Ponikve d.o.o., in relation to the cross-border EUR 34,000,000.00 project financing of the Ponikve windfarm by German bank KFW IPEX-BANK GmbH.

Mamic Peric Reberski Rimac Law Firm LLC

Lauded as ‘one of the best legal experts in Croatia’, Luka Rimac leads the team at Mamic Peric Reberski Rimac Law Firm LLC, boasting considerable experience advising major banks, IFIs, leasing companies and other financial institutions in domestic and cross-border financings. The practice acts for lenders and borrowers on financing transactions, as well as advising issuers of financial instruments on public offerings and listing of financial instruments on regulated markets. Capital markets matters and bond issuances also form part of the team’s workload. Frano Belohradsky handles regulatory and financing mandates, and is another key contact in the group.


Practice head(s):

Luka Rimac


Other key lawyers:

Frano Belohradsky


Testimonials

‘Always ready to provide quick, transparent answers.’

‘Luka Rimac is professional, flexible and always tries to find a suitable and acceptable solution. Very experienced.’

‘Top partner in the office is Luka Rimac.’

‘The practice is fast moving and flexible.’

‘Luka Rimac is one of the best legal experts in Croatia with huge experience in different sectors, extremely hard-working and provides excellent guidance.’

‘The service provided is always of high quality, efficient and professional.’

‘Luka Rimac stands out for his knowledge of corporate lending legislation, financial institutions frameworks and capital markets.’

Key clients

Zagrebački holding d.o.o.


Orbico d.o.o.


TANKERSKA PLOVIDBA d.d.


Mezzanine Partners d.d.


Privredna banka Zagreb d.d.


OTP banka d.d.


Addiko Bank d.d.


Nova Kreditna banka Maribor d.d.


Work highlights


  • Advised Zagrebački holding d.o.o. as the issuer in the largest issuance of bonds in Croatia, i.e. sustainability-linked bonds in the amount of EUR 305 million.
  • Advised TANKERSKA PLOVIDBA d.d. in the takeover and squeeze out of the companies TANKERSKA NEXT GENERATION d.d., a shipping joint stock company with the seat in Zadar and TURISTHOTEL d.d.
  • Advised ORBICO d.o.o.: (i) on amendments and renewal of the agreements concluded with Croatian banks, including the umbrella agreement for an umbrella bank guarantee for its distribution agreements, with a major principal in several jurisdictions (Croatia, Slovenia, Bulgaria and Romania); and (ii) on issuance of new corporate guarantees for its obligations towards the banks with registered seat in Romania.

Šavorić & Partners

Savoric & Partners acts for international banks, other financial institutions and borrowers on syndicated lending and sovereign lending, in addition to other domestic and cross-border lending transactions. Boris Šavorić, who advises on project financing transactions and private equity funds matters, jointly leads the team alongside Mia Lazić, who acts for lenders and borrowers in refinancing deals. Andrea Ruba assists on regulatory matters involving credit institutions and debt purchases in the energy sector, while Nives Kolonić assists on alternative investment fund mandates and cross-border acquisition financings.

Practice head(s):

Boris Šavorić; Mia Lazić


Other key lawyers:

Andrea Ruba; Nives Kolonić


Key clients

Česká spořitelna, Komerční banka, UniCredit Bank


Morgan Stanley


Mezzanine Partners


Morgan Stanley


Citibank


ING BANK N.V.


Feelsgood Capital Partners d.o.o.


PIMCO


Unicredit and IFC


VALCON Group


Work highlights


  • Providing legal services under Croatian law to Česká spořitelna, Komerční banka, and UniCredit Bank Czech Republic and Slovakia on the €751 million refinancing of the Fortuna Entertainment Group.
  • Acted for ING BANK N.V. on the strategically significant EUR 1,700,000,000.00 refinancing of MET Group.
  • Acted for VALCON Group in €500 million refinancing by GLAS SAS.

Žuric i Partneri in cooperation with Kinstellar

Housing a team of ‘highly capable practitioners’, Žuric i Partneri in cooperation with Kinstellar handles the full range of financing matters, in addition to regulatory compliance issues. The team is collectively led by Edin KarakašDuško Žurić, and Mihovil Granić, who handle cross-border private equity mandates, investment advisory work in the energy and infrastructure industries, and high-value debt restructuring transactions. Other key strengths of the practice include borrowing and lending, financial restructuring and distressed transactional work. Tena Pajalić handles cross-border lending service mandates, while Marija Vuchetich assists on acquisition financing structuring deals.

Practice head(s):

Mihovil Granić; Edin Karakaš; Duško Žurić


Other key lawyers:

Tena Pajalić; Marija Vuchetich


Testimonials

‘What sets this office apart from others is the excellent communication and commitment to solving problems, as well as excellent prioritisation.’

‘The team is unique due to its experience, in-depth knowledge of industry and local environment. A team of highly capable individuals.’

‘Duško Žurić is a motivated and strategic thinker.’

Key clients

OTP banka d.d.


OTP Bank Nyrt


Adriatic Structured Equity Fund


Privredna banka Zagreb d.d.


Global Primex Group


EBRD


Đuro Đaković Grupa d.d.


Hrvatska poštanska banka d.d.


Podravska banka d.d.


Kentbank d.d.


Hrvatska banka za obnovu i razvitak


CCC S.A.


Croatia banka d.d.


Isoclima Group


Work highlights


  • Advised OTP banka d.d. on several long-term loans granted to Adria Dental Group, a project company of Adriatic Structured Equity Fund.
  • Advised Đuro Đaković Grupa on financing deal with Raiffeisenbank A.S. and Raiffeisenbank Austria d.d.
  • Advised Adria Dental Group on financing of new acquisitions in Croatia, Italy and Slovenia and on capex and working capital financing.

Babic & Partners Law Firm

Spearheaded by Iva Basarić, the practice at Babic & Partners Law Firm handles a wide range of advisory matters, including refinance loans in the construction industry and employee invective plans in the fintech arena. Basarić handles regulatory, tax compliance and data privacy mandates in relation to cryptocurrency. Assisting on matters regarding Croatian securities law requirements, Lovro Klepac is another key contact in the group.

Practice head(s):

Iva Basarić


Other key lawyers:

Lovro Klepac


Testimonials

‘They are available and always professional.’

‘Iva Basarić is professional and clear in her communication.

Key clients

Selvita S.A.


Optimapharm d.o.o.


TRG Management LP


Bardek, Lisac, Mušec, Skoko in association with CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH (Austria)

Praised as ‘highly specialised and innovative’, Bardek, Lisac, Mušec, Skoko in association with CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH (Austria) houses a team of ‘expert attorneys’ who handle a range of cross-jurisdictional matters on behalf of European clients. Team leader Jelena Nushol Fijačko has considerable experience advising on bank lending and project financing mandates across the real estate, tourism and renewable energy sectors. Relja Rajković acts for credit institutions and investment firms on capital markets and regulatory issues, while Tihana Balagović advises on syndicated loans and concessions financing.

Practice head(s):

Jelena Nushol Fijačko


Other key lawyers:

Relja Rajković; Tihana Balagović


Testimonials

‘Friendly approach, always available for a guidance and help with legal advice. Great understanding of the local legal framework and practices.’

‘Jelena Nushol Fijačko is friendly, direct in response and legal guidance, and a problem solver.’

‘Tihana Balagović is extremely straightforward in providing legal advice, strong in understanding English law specifics, very proactive and business-driven.’

‘CMS is a highly specialised and innovative law firm with a strong focus on delivering exceptional legal services. They prioritise client needs, ensuring tailored legal strategies and outstanding outcomes.’

‘Exceptional lawyers prioritise their clients’ needs and concerns. They are excellent communicators, actively listening to their clients to understand their objectives and providing clear, tailored advice.’

‘Jelena Nushol Fijačko and Relja Rajković embody expertise, client-centricity, problem-solving, integrity, leadership, innovation, and advocacy.’

‘The entire team has a very good knowledge of the matter, always very solution-oriented, pragmatic approaches which banks and clients very appreciate especially if time is critical, always quick and clear responses and pricing quotes are also very fair. Good and user-friendly technical system.’

‘Jelena Nushol Fijačko is supportive, is pragmatic and client-oriented.’

Key clients

B2Holding


LogExpert


Erste&Steiermärkische Bank


Erste Group Bank


IFC


Erste&Steiermärkische Bank


UniCredit Bank


Work highlights


  • Advised a consortium of lenders, including UniCredit’s Zagrebačka Banka, the Croatian Bank for Reconstruction and Development (HBOR), and the European Bank for Reconstruction and Development (EBRD), on a EUR 126 million package to build two onshore wind farms in Croatia.
  • Advised B2Holding, a Norwegian listed financial services provider specialized in the investment and workout of non-performing loans primarily from the banking sector, as well as providing third party debt collection solutions on behalf of clients, in global restructuring.
  • Advising Logexpert, a company that develops, manages, and builds business parks with high-quality construction standards focused on sustainable environmental trends.

Batarelo Dvojkovic Vuchetich Law Firm LLP

Batarelo Dvojkovic Vuchetich Law Firm LLP houses a team of ‘highly knowledgeable specialists’, handling the full range of domestic and cross-border legislative and regulatory matters. Practice leader Vladimir Batarelo advises on syndicated loan agreements, corporate financing mandates and other financial transactions. Focusing on fintech, Marko Bohaček specialises in virtual currency exchange services, in addition to convertible loan agreements and venture capital funds. Other key contacts in the group include Monika Rakitničan, who handles development financing matters, and Tomislav Sadrić.

Practice head(s):

Vladimir Batarelo


Other key lawyers:

Marko Bohaček; Monika Rakitničan; Tomislav Sadrić; Ivan Dvojkovic


Testimonials

‘BDV team offers insight into all relevant aspects of finance and is among the best in the industry. Their advice is extremely sophisticated and demonstrates excellence and deep experience. We have found the team to be very responsive and pleasant to work with.’

‘Vladimir Batarelo is an excellent negotiator and banking and finance lawyer. He has a very pragmatic approach to cases and provides some of the best and most precise comments. Vladimir is also very good at seeing the bigger picture and understanding the business’ needs of our firm.’

‘Ivan Dvojkovic’s experience in gives him the edge over all counterpart legal teams during negotiations. He is knowledgeable in the financial aspects of the transactions, which helps our communication process.

‘BDV is well known for its expertise in the areas of banking and finance. A team of experienced, knowledgeable, and agile professionals, who can quickly adapt to clients’ requests or problems. They are well-informed and are able to explain complex matters to their clients.’

‘Vladimir Batarelo is an exceptional team leader, and successfully combines his extensive experience in banking, and finance-related matters. He is highly analytical, quick to respond and an excellent professional.’

‘As a team, BDV has proven to be an industry leader in banking and financial matters. The team members have excellent organisational and technical skills, as well as excellent communication skills. Providing successful solutions and paying attention to clients’ interests are what make them stand out from the rest.’

‘The BDV team has highly knowledgeable specialists who provide outstanding advice to clients. In addition to being very dynamic, approachable, and easy to work with, they can handle any financing and tax matter that arises. While working with BDV, we were impressed with their level of expertise, and we would not hesitate to recommend them.’

‘Vladimir Batarelo is a leader in his field. He is very competent and efficient in handling cases. He provides precise, high-quality, and timely advice. It is always a pleasure to rely on his expertise.’

Key clients

European Central Bank


Provectus Capital Partners


Croatian Bank for Reconstruction & Development


Windfarm Bruvno


PBZ Croatia osiguranje


Experta Group


57hours


Migros-Genossenschafts-Bund


ISLAND GAS PLC


Cosmetics International


Metro CC


Work highlights


  • Advised the European Central Bank as country rapporteurs for Croatia. The engagement includes assisting ECB in the field of its competences for Croatia.
  • Advised a borrower in the process of financing a Bruvno 50 MW wind farm including negotiations of the €45.3 million Syndicated Facility Agreement (syndicate of PBZ and OTP), and pertaining security package.

Deloitte Legal in cooperation with Croatian lawyers

Deloitte Legal in cooperation with Croatian lawyers’s banking and finance practice is spearheaded by Ozren Kobsa, who handles a wide range of regulatory issues, advising lenders and borrowers, in addition to handling domestic and cross-border financing transactions. Ivan Zoranda assists on bond issuances and debt restructuring matters, while Jelena Kraljević handles a range of advisory work.

Practice head(s):

Ozren Kobsa


Other key lawyers:

Ivan Zoranda; Jelena Kraljević


Testimonials

‘Client-friendly approach, taking care of all the detailed tasks and technicalities, and guiding the client through the complex issues.’

Key clients

EBRD London


Erste Group Bank AG, Austria


Studenac d.o.o., Croatia


Inter Cars Croatia and Inter Cars Poland


Eos Matrix d.o.o.


Pan-Pek d.o.o., Croatia


Association of German Banks


International Swaps and Derivatives Association – ISDA


Bank Polska Kasa Opieki S.A.


Richemont International


Work highlights


  • Advised Studenac on financing deals regarding their local investments and business expansion.
  • Advised Erste Group Bank AG on Croatian ISDA netting and collateral matters.
  • Advised client on its international initial public offering (IPO) in Hungary and other countries, including Croatia.

KOVACEVIC PRPIC SIMEUNOVIC LLC

Noted for its expertise in the aviation industry, KOVACEVIC PRPIC SIMEUNOVIC LLC handles a broad range of cross-border project, asset and structured finance matters. Assisting high-profile banking and energy clients, Martina Prpić jointly leads the team alongside Danijela Simeunović, who specialises in aircraft financing. Dinka Kovačević has experience in banking-related disputes and Ana Novaković Stipaničev is another key contact in the group.


Practice head(s):

Martina Prpić; Danijela Simeunović


Other key lawyers:

Dinka Kovačević; Ana Novaković Stipaničev


Key clients

Croatian Bank for Reconstruction and Development


OTP banka d.d.


EBRD


Privredna banka Zagreb d.d.


Zagrebačka banka d.d.


Professio Energia d.d.


Economic Interest Group Croatian Banking Association


BKS Bank AG, Glavna podružnica Hrvatska


Aero Capital Solutions, Inc


Aircastle (Ireland) Limited


National Westminster Bank plc


Erste & Steiermärkische Bank d.d.


UMB Bank, N.A.


Work highlights


  • Advised Professio Energia d.d. and its subsidiary, Liburana d.o.o., on financing provided by syndicate of banks, Privredna banka Zagreb d.d. and Erste & Steiermärkische Bank d.d., for the construction of the wind farm MAZIN 2.
  • Advised syndicate of banks, Privredna banka Zagreb d.d. and OTP banka d.d., on financing provided to Vjetroelektrana Bruvo d.o.o. and related bank guarantees for the financing of construction of the wind farm Bruvno.
  • Advised syndicate of banks, Zagrebačka banka d.d. and Erste & Steiermärkische Bank d.d., on financing provided to Tankerska plovidba d.d. for takeover of TURISTHOTEL d.d.

Macesic & Partners LLC

With a focus on project financing and capital markets, Macesic & Partners LLC's ‘excellent practice’ handles a board range of domestic and cross-border matters in the energy and technology sectors. Zrinka Buzatović spearheads the practice and handles advisory work for banking clients, particularly syndicated loans and loan agreements. Antea Muschet assists with regulatory and risk management issues.

Practice head(s):

Zrinka Buzatović


Other key lawyers:

Antea Muschet


Testimonials

‘An excellent practice and highly professional.’

‘Zrinka Buzatović is very professional in her work.’

Key clients

Erste & Steiermärkische bank


Addiko Bank


Raiffeisen Bank


Work highlights


  • Advised major Croatian banks in refinancing and restructuring deals.

Orehovec, Vinter, Kiš, Šimunovic

Praised for its ‘exceptional expertise’, Orehovec, Vinter, Kiš, Šimunovic handles the full range of advisory work, with demonstrable experience in litigation, banking disputes and debt collection cases. Team leader Martina Simunovic Leposa handles project finance restructuring matters and loan repayment issues, while Tomislav Orehovec frequently assists with lending mandates, including corporate NPLs. Irena Vinter Gregorić is another key contact in the group.

Practice head(s):

Martina Šimunović Lepoša


Other key lawyers:

Tomislav Orehovec; Irena Vinter Gregorić


Testimonials

‘The support of the team is fast and customer-centric.’

‘The firm is one of the best in Croatia.’

‘Tomislav Orehovec is one of the best lawyers we have worked with. He is organised, diligent and reliable.’

‘This esteemed firm has consistently demonstrated its exceptional expertise.’

‘What truly sets Orehovec, Vinter, Kiš, Šimunović apart is their unwavering commitment to efficiency. They approach each case with a sense of urgency, recognising the importance of timely resolutions. Their ability to swiftly navigate complex legal matters while maintaining a high level of precision is commendable.’

‘Orehovec, Vinter, Kiš, Šimunović’s hallmark is their dedication to delving deep into the heart of the problem. They leave no stone unturned in their quest to understand the intricacies of each case. This meticulous approach enables them to provide clients with a comprehensive understanding of their legal situation and, more importantly, concrete and practical solutions.’

‘Tomislav Orehovec possesses an extraordinary combination of legal expertise, insightfulness, and genuine kindness that truly sets him apart in the legal profession.’

‘Tomislav Orehovec’s approachable and empathetic nature creates a comfortable and reassuring environment for those seeking legal guidance. He is not just a lawyer; he is a trusted advocate who genuinely cares about the well-being of his clients.’

Key clients

INA Group


Zagrebački holding d.o.o.


Vodoopskrba i odvodnja d.o.o.


JANAF d.d.


NLB InterFinanz AG


Grand auto d.o.o.


Hyundai Croatia d.o.o.


Lola RIBAR d.d.


PRO Kolekt d.o.o.


Granarium d.o.o.


Optima leasing d.o.o.


Podravska banka d.d.


Moneo d.o.o.


Work highlights


  • Representing NLB InterFinanz, a Swiss-based financial company (subsidiary of NLB d.d.) in a dozen debt collection, insolvency and enforcement proceedings against its debtors, including complex litigations related to the Act on Nullity of the Loan Agreements with international elements.
  • Representing Podravska banka d.d. in a dozen debt collection, insolvency and enforcement proceedings against its debtors.

Ostermann Ivancic Attorneys-at-Law LLP

Noted for its expertise in banking and financial disputes, Ostermann Ivancic Attorneys-at-Law LLP’s team advises on a range of advisory and regulatory mandates. Litigation expert Mojmir Ostermann, who handles dispositions and dispute cases, jointly leads the practice alongside ‘unparalleled’ Vjekoslav Ivančić, who acts for both international and domestic clients on project financing matters in the real estate and energy sectors. Marijana Soldo Kubat advises on cross-border capital markets mandates, while Marta Jelaković handles contentious work.

Practice head(s):

Mojmir Ostermann; Vjekoslav Ivančić


Other key lawyers:

Marijana Soldo Kubat; Marta Jelaković


Testimonials

‘Ostermann Ivancic’s team make us feel that we are in safe hands.’

‘An extreme willingness to continue learning and growing.’

‘A very responsive and diligent team.’

‘Vjekoslav Ivančić is one of the great experts in the field. Extremely knowledgeable, yet very approachable and pragmatic. He is the one that peers call for advice in the most complex of financing transactions.’

‘Ostermann Ivancic has extensive experience in banking, finance and capital markets, and have demonstrated this in a number of transactions time and time again. They are always up to speed on all new market developments, are business savvy and have in-depth local market knowledge that always proves useful.’

‘Vjekoslav Ivančić  is unparalleled in his quest to solve even the most complex issues. He always goes above and beyond, has a very quick turnaround.’

Key clients

J.S. Hamilton Poland sp. z o.o.


Intesa Sanpaolo International Value Services


Blue Iris Resolution (former Heta Asset Resolution)


BLT ENERJI Elektrik Enerjisi Toptan Satiş Sanayi Ve Ticaret Anonim Şirketi


Work highlights


  • Advised a syndicate of eight banks related to refinancing of EUR 300 million revolving club credit facility agreement by INA Industrija Nafte d.d.

Porobija & Porobija

The team at Porobija & Porobija is led by Željka Rostaš Blažeković, whose practice focuses on project financing, syndicated loans and securities offerings, and is ‘well-respected as an expert in the field‘. The practice has gained considerable traction in refinancing matters, security packages, and capital markets. Filip Dogan assists Blazekovic in advising on financing matters, acting for borrowers and lenders.

Practice head(s):

Željka Rostaš Blažeković


Other key lawyers:

Filip Dogan


Testimonials

‘Željka Rostaš Blažeković is excellent. She is well-respected as an expert in the field, and she has an excellent work ethic.’

‘Reliable, accommodating and understands and addresses commercial concerns.’

‘Prompt and accessible.’

Key clients

CEBF S.a.r.l.


RUNE Group S.A.


Powszechna Kasa Oszczędności Bank Polski S.A.


ERSTE&STEIERMÄRKISCHE BANK d.d.


UniCredit group – Zagrebacka banka d.d.


Citigroup Global Markets Europe AG


Morgan Stanley Europe SE


Work highlights


  • Advising PKO Bank Polski on financing and related security package for Press Group debt, as well as additional tranches.
  • Advising EIB on security package matters related to a debt of a Croatian bank.

Schoenherr in cooperation with Croatian lawyers

Schoenherr in cooperation with Croatian lawyers handles a wide range of cross-jurisdictional matters, focusing on core banking and finance work, including derivatives and financings. Team leader Krešimira Krušlin Ćurić advises on structured debt financing and investment fund mandates, in addition to acting for lenders in syndicated loans. Lea Mužić spearheads the regulatory practice, focusing on restructuring and project financing in the renewable energy industry.

Practice head(s):

Krešimira Krušlin


Other key lawyers:

Lea Mužić


Testimonials

‘The team at Schoenherr Croatia responded quickly and provided supportive legal advice in complex banking matters.’

Key clients

Nexi S.p.A.


OTP Bank Plc.


ISDA


Work highlights


  • Advised NEXI S.p.A., a leading European PayTech company, on purchase from Privredna banka Zagreb d.d. and PBZ Card d.o.o., Croatian companies indirectly controlled by Intesa Sanpaolo S.p.A., PBZ Card’s merchant acquiring business in the Croatian market
  • Advised CAREL INDUSTRIES S.P.A and the investors in connection with the issuance and sale to the purchasers of €20,000,000 Senior Notes, Series A, due 2032 and €20,000,000 Senior Notes, Series B, due 2032, in connection with Private Shelf Facility to be entered into with PGIM, Inc.
  • Advised the ISDA counsel for Croatia and is the author of all of the published Croatian industry opinions.

Vidan Law Office

Praised for its ‘stellar reputation in banking and finance’, the team at Vidan Law Office handles a broad range of advisory work. Practice leader and ‘legal luminary’ Hrvoje Vidan advises on matters concerning domestic and cross-border project financing and capital markets, while Petra Tolj acts on shared asset transactions and stock exchange-related mandates. Ivona Stričak is another key contact in the group, who assists with regulatory work in the fintech industry.

Practice head(s):

Hrvoje Vidan


Other key lawyers:

Petra Tolj; Ivona Stričak


Testimonials

‘Team members are reliant and show in-depth knowledge of the sector, they provide remarkable legal services and ensure the outstanding guidance throughout the whole procedure.’

‘Hrvoje Vidan provides exceptional legal support with our inquiries, shows great understanding of our business model and provides tailor-made legal solutions.’

‘The team has a vast expertise in the regulation of the financial instruments, as well with cryptocurrencies.’

Key clients

Generali Investments


Crowdestor


Citrus Systems d.o.o.


Magnus Kapital d.o.o.


Empwr BV


Enea Software


Saubermacher AG


Intercapital d.d.


Inspire Investments d.o.o.


Sinitech Industries


Work highlights


  • Advised Generali Investment on the combined share asset deal with respect to qualifying shares and AIFs and UCITS, while providing full support in restructuring as well as tax, financial and regulatory areas of the transaction.
  • Advised companies publicly trading on the New York Stock Exchange, on the global grants of restricted stock units and restricted stock awards to service providers in Croatia and related prospectus and reporting requirements, including exchange control issues.
  • Advised Citrus Systems d.o.o. on the regulatory framework on crypto-assets as digital representations of value or rights, as well as guidance on provision of providing exchange services between virtual currencies and fiat currencies.

Vukmir & Associates

Praised for its ‘knowledge, responsiveness and dedication’, the team at Vukmir & Associates acts for international clients on capital markets mandates, in addition to financing transactions and regulatory issues. Tomislav Pedisic, who focuses on regulatory issues arising out of the banking and finance arena, jointly leads the team alongside Ivan Ćuk, who counts banks, international financial institutions, energy companies, food industries and construction companies among his key roster of clients, and Sanja Tkalec Kovac. Tea Cerinski is another key contact in the group.

Practice head(s):

Sanja Tkalec Kovač; Ivan Ćuk; Tomislav Pedišić


Other key lawyers:

Tea Cerinski


Testimonials

‘My go-to team for Croatia.’

‘Tomislav Pedišić is responsive and great to work with.’

‘Constructive and proactive, solution-oriented approach, great track record of knowledge and experience.’

‘Knowledge, experience and dedication’

‘Tomislav Pedišić is responsive and a true team leader. He is approachable and always happy to discuss new developments in the field.

Key clients

ZB Invest


Hrvatska udruga banaka – HUB


Zagrebačka banka d.d. (part of Unicredit group)


Erste&Steiermärkische Bank d. d.


International Finance Corporation


INTESA SANPAOLO


UBS


HSBC Bank plc


Citibank, N.A.


State Street Bank and Trust Company


The Bank of New York Mellon


JP Morgan Chase Bank


The Northern Trust Company


BKS Bank AG


Royal Bank of Canada


BNP Paribas Securities Services


UniCredit Bank AG


Brown Brothers Harriman & Co


HAMAG BICRO


BNP Paribas Wealth Management


LCX AG Y


21Shares / 21.co


Work highlights


  • Advised Zagrebačka banka d.d. (part of UniCredit Group) in relation to EUR 200 million issuance of MREL notes to its majority shareholder.
  • Preparing a local legal opinion on the Clearing Framework Agreement and Collateral Addendum of the Association of German Banks for UniCredit Bank AG.
  • Advised one of leading Croatian asset management companies in relation to take-over of management over a number of UCITS and AIF funds from two different asset management companies in Croatia.

Wolf Theiss

Wolf Theiss continues to gain traction across a range of financing, restructuring and lending matters, and counts domestic and international banks and corporates among its key roster of clients. Luka Tadić-Čolić leads the practice and advises on financial transactions and minority shareholder issues, while Lucia Močibob assists on cross-border financing and capital markets projects. Mateja Jelačić, who advises on bilateral and syndicated lending and regulatory requirements issues, is another key contact in the group.

Practice head(s):

Luka Tadić-Čolić


Other key lawyers:

Lucia Močibob; Mateja Jelačić


Testimonials

‘Wolf Theiss is able to provide quick, tailor-made and highly professional advice.’

‘Luka Tadić-Čolić is a top professional. Easy to approach and pragmatic.’

‘Lucia Močibob has always been available to provide highest level of advice within often very tight deadlines. Very detailed and professional.’

‘Knowledgable and efficient.’

Key clients

Raiffeisen Bank International


Erste Group Bank


Blackstone


Citigroup


J.P. Morgan


Morgan Stanley


CVC Credit Partners


European Fund for Southeast Europe (EFSE)


Finance in Motion


Work highlights


  • Advising Raiffeisenbank Austria d.d. on the update and increase of the EUR 1 billion Medium Term Note Programme (previously EUR 500 million), as well as international placement of the notes eligible for satisfaction of the regulatory capital requirements of the bank as minimum requirement for eligible liabilities (MREL).
  • Advising Erste & Steiermärkische Bank d.d. in the process of update of the Erste Group Multi-Issuer EMTN Programme involving also Erste Group credit institutions from Austria, Romania, Czech Republic, Hungary and Slovakia and the Preferred Senior Notes Retail Programme and issuance thereunder, both programmes structured for issuance of MREL eligible notes.
  • Advising HPS Investment Partners and Blackstone Alternative Credit Advisors as lenders in connection with a senior facilities agreement provided to SB Group, for the acquisition of a Belgian company, NGG.

Law Firm Andelovic, Siketic & Tomic

Petra Siketić spearheads the banking and finance team at Law Firm Andelovic, Siketic & Tomic, handling advisory matters on behalf of Croatian banks, in addition to financing transactions arising out of the tourism sector. Marko Tomic assists on day-to-day advisory and regulatory matters concerning the Zagreb Stock Exchange.

Practice head(s):

Petra Siketić


Other key lawyers:

Marko Tomic


Testimonials

‘The team is our go-to firm when it comes to handling cross-border transactions. AST is always responsive and client-focused.’

‘Petra Siketić has impressive knowledge and experience. Her advice is clear and precise, she is hard-working and dedicated to always finding the best solution for the client.’

‘AST Law Firm has truly set itself apart in the realm of banking, finance, and capital markets. The depth of their expertise, combined with their proactive approach, makes their practice unique and highly commendable.’

‘AST’s dedication to ensuring that their clients remain at the forefront of the industry is unparalleled. Their blend of seasoned experts and young, dynamic professionals brings a harmonious balance of experience and innovation.’

‘Petra Siketić is truly a cut above the rest. Her unparalleled blend of legal expertise and genuine empathy distinguishes her in the competitive landscape. What’s remarkable is her ability to deftly navigate complex issues, all while ensuring her clients feel understood and valued.’

‘Petra Siketić  is knowledgeable and approachable.’

Key clients

UniCredit S.p.A.


Zagrebačka banka d.d.


ENS d.o.o.


Work highlights


  • Advised Italian bank UniCredit S.p.A. and the largest Croatian bank Zagrebačka banka d.d., acting as lenders, to Croatian company Punta skala d.o.o.
  • Advised Tekstilpromet d.d. is a Croatian giant in production, distribution and sale of clothes and other textile products.

Law Firm Babic, Brborovic & Partners

Jointly led by Siniša Babić and Tamara Brborović Vuletić, the team at Law Firm Babic, Brborovic & Partners counts public authorities, domestic companies and banks among its key roster of clients. The practice handles a broad range of advisory and regulatory matters, in addition to advising on project and financing transactions. Other key contacts in the group include Ivo Eškinja and Iva Pranjić.

Practice head(s):

Siniša Babić; Tamara Brborović Vuletić


Other key lawyers:

Ivo Eškinja; Iva Pranjić


Testimonials

‘Siniša Babić is knowledgeable and an honest attorney.’

‘Full of enthusiasm and ambition, this firm is committed to resolving each and every issue. Our collaboration has always been excellent.’

‘Siniša Babić and Tamara Brborović Vuletić are both committed and always find the best solution for every matter.’

Key clients

University of Zagreb


Solana Pag


Sol Naturalis Ltd.


Slatinska banka jsc


Siemens Healthcare Ltd.


Zepter Zest Ltd.


City of Sisak


MBT Svet Ltd.


Faculty of transport and traffic sciences


Croatian Standards Institute


Pik Vrbovec plus Ltd.


Ossard Ltd.


Tissa & Partners Ltd.


Karlovačka banka jsc


Multibet Consulting Ltd.


Multibet24 Ltd.


Bonum Grupa Ltd.


IT Cube Ltd.


Bradvica Maric Wahl Cesarec

Bradvica Maric Wahl Cesarec offers ‘high quality advice’ on a range of fund-related matters, including capital markets, bond issuances and mezzanine financing mandates. The team is jointly led by Branko Skerlev, who specialises in alternative investment funds and private equity, and Ivan Luetić, who is dual-qualified in New York and Croatia. ‘Standout professionalMatea Miljuš Beranek is praised for her ‘meticulous approach’ when assisting with asset management and pre-bankruptcy restructuring matters.

Practice head(s):

Branko Skerlev; Ivan Luetić


Other key lawyers:

Matea Miljuš Beranek


Testimonials

‘Branko Skerlev takes the time to listen, comprehend, and tailor solutions accordingly. He stands out for a client-centric approach.’

‘Matea Miljuš Beranek’s approachability is one of her defining characteristics. We always feel comfortable reaching out to her with questions, concerns, or ideas. She fosters an environment where open communication is encouraged, making her an invaluable asset to her team.’

‘BMWC team members, Branko Skerlev, Ivan Luetić, and Matea Miljuš Beranek, are renowned for their innovative and creative thinking. They consistently approach complex matters within banking, finance and capital markets practice with fresh perspectives, finding innovative solutions that other firms may overlook.’

Key clients

Maverick Partner


Maverick Wealth Management


Quaestus Private Equity


H2 Advisory


Prosperus Invest


Five Islands Capital Limited


PIK ESOP


SPAČVA


VIRO Group


Work highlights


  • Advised a UK-based company on formation of an investment company and e-money institution in Croatia.
  • Advised Valinge on the acquisition of a controlling stake (84%) from majority shareholders and subsequent acquisition of additional shares from minority shareholders in the public company Spin Valis d.d.
  • Advised on filling of the takeover bid for the company DI Spačva and subsequent process before the Croatian financial authorities.

BUTERIN&PARTNERS

BUTERIN&PARTNERS handles a broad range of loan-related matters, including syndicated, bilateral, and convertible lending, in addition to advising on the restructuring and refinancing of existing loans, and financing transactions. Expert litigator Zvonimir Buterin jointly leads the team alongside Joško Perica, who handles advisory work relating to domestic and cross-border investment projects. Another key contact in the group includes Matea Tkalčić, who acts for banking institutions on financial and corporate matters.


Practice head(s):

Zvonimir Buterin; Joško Perica


Other key lawyers:

Matea Tkalčić; Lada Ćustić; Marko Paulinović


Testimonials

‘Zvonimir Buterin has great experience.’

‘Professional and our prime supplier of legal services in Croatian market.’

‘They have excellent lawyers and collaboration with them is great. They have good knowledge about enforcement, bankruptcy and litigation in general.’

‘Zvonimir Buterin, Lada Ćustić and Marko Paulinović are excellent lawyers. They have good knowledge of enforcement, bankruptcy and litigation. Collaboration with them is great.’ 

‘They are knowledgeable, professional, result driven and reliable. They are one of the best offices in Croatia.’

Key clients

Gorenjska banka d.d.


ECM Partners Inc.


Maverick Wealth Management d.o.o.


ALFI PD for ALFI PD


PRVA Skladi for PRVA


ALFI for PE ALFI I


VOC Ekologija d.o.o.


Agroindustrijsko komercijalna banka


CIM Banque S.A.


Erste &Amp; Steiermärkische Bank d.d.


B2 Kapital d.o.o.


Primorska banka d.d.


B2 Portfolio d.o.o.


ECM Adria d.o.o.


Raiffeisenlandesbank Kärnten


Gideon Brothers d.o.o.


Work highlights


  • Advised a syndicate of lenders including ECM investment funds on development and financial restructuring of a coastal tourist and commercial real estate project.
  • Advised Maverick Wealth Management on financing the acquisition of shares in a leading food production company.
  • Advising Gorenjska banka on project financing of development of a large residential complex.

GOSPIC PLAZINA STOJS LAW FIRM LTD

Praised for its ‘vast experience in banking, finance and capital markets’, GOSPIC PLAZINA STOJS LAW FIRM LTD handles a range of financing projects and matters concerning the issuance of shares, in addition to compliance issues relating to capital markets work. Lana Štojs ‘has profound knowledge and strong business acumen’, and jointly leads the team alongside Matea Gospić Plazina, who is commended as ‘professional, highly responsive and a dedicated lawyer’. Anja Maljković is another key contact in the group.

Practice head(s):

Lana Štojs; Matea Gospić Plazina


Other key lawyers:

Anja Maljković


Testimonials

‘Matea Gospić Plazina and Lana Štojs are knowledgeable, diligent, proactive, have the ability to approach matters from strategic and business perspective and are very pleasant to work with.’

‘Matea Gospić Plazina is an outstanding professional. She is smart, hard-working, and problem solving-oriented.’

‘Gospić Plazina Štojs has vast experience in banking, finance and capital markets.’

Key clients

HEP Jsc


Auro Domus Ltd


Positive Equity Ltd


Hotel Osijek Ltd


Aroma Global 3 Ltd


Končar Group


Work highlights


  • Advised the company Hotel Osijek Ltd on issuance of bonds in the amount of EUR 6 million.
  • Advised HEP in refinancing of a club loan facility agreement amounting to EUR 400 million and revolving club loan facility agreement amounting to EUR 600 million.
  • Advised high-growth food company Aroma Global 3 Ltd in a series of investments and the Joint Venture Agreement.

Gugic, Kovacic & Krivic law firm

Noted for its expertise in non-performing loans, Gugic, Kovacic & Krivic law firm is ‘exceptionally adept’ in handling loan sale agreements, due diligence mandates and receivable acquisitions. The team is jointly led by ‘exceptionally professionalLovro Kovačić  and Damjan Krivic, who handle the full range of day-to-day advisory work, in addition to business regulation related to highly regulated financial institutions in Croatia. Inga Paripović is another key contact in the group.

Practice head(s):

Lovro Kovačić; Damjan Krivić


Other key lawyers:

Inga Paripović


Testimonials

‘The individuals I have worked with at this firm truly stand out due to their unparalleled dedication and professionalism. Their approach is not just about providing legal services but forging partnerships with clients, nurturing a relationship built on trust and respect.’

‘The team is exceptionally adept offering clients a seamless and efficient experience.’

‘Damjan Krivić is very skilled in NPLs and financing structures of it.’

‘Lovro Kovačić is a brilliant tactician.’

‘Lovro Kovačić is always calm and solution-oriented.’

‘Damjan Krivić and Lovro Kovačić proved to be exceptionally professional, reliable, and accessible at every stage of the given project. Their approach to the work was highly professional and composed, demonstrating a sense of reliability and confidence on their part.’

‘Lovro Kovačić is very approachable, is trustworthy and has great knowledge.’

‘A great team, who are proactive.’

Key clients

AxFina Croatia d.o.o.


KentBank d.d.


LCL Securities I S.à r.l.


LCL Opportunities SV.


TRIGLAV OSIGURANJE d.d.


DDM INVEST III


AxFina Austria GmbH


Lynxcapgroup AG


ERSTE&STEIERMÄRKISCHE BANK d. d.


Hrvatska poštanska banka d.d.


Erste Group Bank AG


Allianz ZB d.o.o.


Croatian Insurance Bureau


Work highlights


  • Advised AxFina Croatia d.o.o., a pan-European debt servicing provider, in the acquisition of 2400 receivables from a leasing company undergoing liquidation.
  • Advised KentBank d.d., as the first-time seller of a portfolio, in the sale and purchase of a diverse portfolio comprising non-performing loans and other receivables from various entities.
  • Advised LCL Securities I S.à r.l., a securitization company that acquired a Non-Performing Loan (NPL) portfolio from Raiffeisenlandesbank Kärnten – Rechenzentrum und Revisionsverband, Registrierte Genossenschaft mit beschränkter Haftung, which included a claim towards a corporate debtor in bankruptcy.

Ilej & Partners, in cooperation with Karanovic & Partners

Providing ‘high-level legal advice on banking and finance matters’, Ilej & Partners, in cooperation with Karanovic & Partners counts European banks, equity funds and gaming companies among its key roster of clients. Franka Baica jointly leads the team alongside Ivana Sverak, who advises domestic and international clients on project finance mandates, security arrangements and capital markets work. Other key contacts in the group include Barbara Bilić and Petra Marijanovic.

Practice head(s):

Ivana Sverak; Franka Baica


Other key lawyers:

Barbara Bilić; Petra Marijanovic


Testimonials

‘Good team with commercial approach, good availability, and are proactive.’

‘The team is well-equipped to provide high-level legal advice on banking and finance matters, including highly complex cross-border deals.’

‘Ivana Sverak has great knowledge of local law specifics and always aims to come up with commercially apt solutions. It is always a pleasure having Ivana on your side.

‘Barbara Bilić is an associate to watch.’

‘This practice is well-established. Team members are experts in their field, they understand commercial aspect of advice and are always approachable and responsive.’

‘Responsive and solution-oriented.’

‘Both Ivana Sverak and Barbara Bilić are excellent experts; their engagement and commitment to the transaction was exceptional.’

‘Client-oriented, experienced and knowledgeable.’

Key clients

UniCredit, Intesa


Fortuna Entertainment Group


Pearl Infrastructure Capital


International Capital Market Association


aosphere LLP


VÖB-Service GmbH


Wilmington Trust


ADP International Services B.V.


Work highlights


  • Advised the mandated lead arrangers in connection with the restructuring of the existing facilities granted for the Istrian Y concession motorway project, in the amount of EUR 1,1 billion.
  • Advised betting and gaming operator Fortuna Entertainment Group N.V. and its Croatian subsidiary Hattrick-PSK d.o.o. on a top-up financing totalling up to EUR 751 million facility for the group.
  • Advised Pearl Infrastructure Capital, a Luxembourg-based alternative investment fund operating in renewable energy industry, in the refinancing of debt of three of its newly acquired companies with OTP bank Croatia and OTP bank Hungary.

Lovric Novokmet & Partners

Led by Martina Kalamiza Grozdek, the team at Lovric Novokmet & Partners acts for financial and credit institutions, and private equity funds in debt restructurings, non-performing loan transactions and project finance mandates. Mate Lovrić advises on cross-border financing transactions, while Pavo Novokmet handles securities and capital markets work.

Practice head(s):

Martina Kalamiza Grozdek


Other key lawyers:

Mate Lovrić; Pavo Novokmet


Testimonials

‘Martina Kalamiza Grozdek has great experience advising international clients on finance matters.’

Key clients

International Finance Corporation


EOS Investment HR GmbH


Work highlights


  • Advised International Finance Corporation (IFC) in a sustainability-linked finance transaction. As the anchor investor, IFC took a subscription of EUR 72.5 million of the EUR 305 million bond issuance of Zagrebački Holding d.o.o.
  • Advised EOS Investment GmbH, part of EOS Group which is a leading international, technology-driven expert in receivables management. EOS Group is part of Otto Group, a globally operating e-commerce and service group.

M&S Partners

Noted for its expertise in banking and financial litigation, M&S Partners provides ‘top-level professional services’ to domestic financial and credit institutions. Andrej Šooš Maceljski, wh0 has experience in EU and regulatory frameworks, jointly leads the practice alongside Kristina Banić. Potjeh Kurtović is another key contact in the team.

Practice head(s):

Andrej Šooš Maceljski; Kristina Banić


Other key lawyers:

Potjeh Kurtović


Testimonials

‘M&S Partners provides top-level professional services.’

‘Strategic mindset, understanding of your needs beside the technical aspects of the legal issue, understanding of the client’s needs as company with a complex organisation.’

‘Andrej Šooš Maceljski and Kristina Banić are both communicative and hard-working. Their enthusiasm for the profession is visible in every and each step of our collaboration.’

‘They are always available and provide us with great support. Not only the partners, but each member of their team was very professional and knowledgeable.’

‘Exceptional professionalism, excellent knowledge of the subject matter and recent practice, transparency and complete dedication to the client.’

Key clients

PRIVREDNA BANKA ZAGREB Inc.


PBZ Card Ltd.


PAAFRD


Prime Tourist Resorts


Agrochem Maks


IMEX BANKA PLC.


Water Supply and Drainage Ltd.


Oracle Hrvatska ltd.


Marohnic, Tomek & Gjoic, Law Firm

Advising on regulatory and transactional matters, Marohnic, Tomek & Gjoic, Law Firm has demonstrable experience in investment fund activities and acquisition financing. 'Dedicated and always ready to go the extra mile', Tonka Gjoić Tomić and Tena Tomek jointly lead the practice. Josip Marohnic handles refinancing and due diligence mandates and Marin Curić is another key contact in the group.

Practice head(s):

Tonka Gjoić Tomić; Tena Tomek


Other key lawyers:

Josip Marohnic; Marin Curić


Testimonials

‘Always focusing on commercial and deliverable solutions.’

‘Tonka Gjoić Tomić and Tena Tomek are dedicated and always ready to go the extra mile to fulfil their clients’ needs.’

‘A cooperative team.’

‘Always available and willing to take the initiative, as well as work under intense pressure to deliver.’

Key clients

LCN Capital Partners


Stop Shop d.o.o.


Poslovni Park Zagreb d.o.o.


Vjetroelektrana Bruvno d.o.o.


Desol d.o.o.


Inspire Investments d.o.o.


Projekt Srebrnjak d.o.o.


Lunar Ventures


ENET Energy SA


Feelsgood Capital Partner d.o.o.


Work highlights


  • Advised LCN Capital Partners in financing of development of built to suit manufacturing facility in Osijek for Jabil, securing 1500 new workplaces and making it one of the largest investments in Croatia.
  • Advised a fund management company in a competitive process of acquisition of another fund management company with more than 10 UCITS and AIF under management.
  • Advised a client in a takeover of a Croatian leasing company, part of the larger financial group in Slovenia.