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Editorial

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  1. Commercial, corporate and M&A
  2. Leading individuals
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Who Represents Who

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Babic & Partners Law Firm’s three-partner team provides a ‘highly professional’ service to international corporates on the local aspects of their corporate transactions in Croatia, as well as outbound work. Senior partner Boris Babić, who has a strong reputation, recently acted alongside Iva Basarić to advise GlobalLogic on the acquisition of Polish company REC Global. The ‘personable and practical’ Marija Gregorić provides ‘clear and focused advice’.

Led by ‘knowledgeable and experienced’ corporate head Saša Divjak and head of M&A Damir Topić, the team at Divjak, Topic & Bahtijarevic provides a ‘proactive and business-sensitive’ service to clients, notably including a number in heavily regulated industries such as energy and insurance. Divjak is the key relationship partner of Heineken for all of its corporate and commercial work in Croatia and recently advised said client on the acquisition of a Croatian subsidiary of Laško Brewery, the largest Slovenian brewery. The deal also involved competition law advice, which was provided by the ‘very smartMario Krka. Senior associate Ema Menđušić Škugor is ‘one of the best in the market for corporate law’.

Mamic Peric Reberski Rimac Law Firm LLC provides a ‘flexible and responsive’ service to domestic and international clients across day-to-day corporate and commercial services, as well as M&A. Recent highlights include advising European construction company Technital on establishing a presence locally. Vladimir Mamic has ‘wide experience’ and heads the team, which also includes ‘very professional and reliable’ associate Nikola Kokot.

Porobija & Porobija provides an ‘excellent service’ across a wide array of transactional and corporate matters. Recent highlights include advising private equity fund Ambienta on its €120m buyout of Calucem and continuing to represent the concessionaire in the corporate restructuring of Zagreb Airport. Team head Dražen Grubišić-Čabo is recommended.

Šavoric & Partners has ‘very knowledgeable partners, as well as a deep bench of junior lawyers’, and is well placed to handle a significant volume of domestic and international transactions. Lana Štojs and Branko Bulat recently advised Polish Enterprise Fund VII on the local law elements of its acquisition of leading Balkan sporting goods retailer Intersport. Boris Šavorić is regarded as ‘a very safe pair of hands’.

Wolf Theiss – Zagreb branch provides ‘a very responsive and professional service’ to international clients on domestic deals, as well as mandates throughout Central and Eastern Europe (CEE), where it can tap into its broader network of offices. The Croatian office has a strong reputation for advising on financial services M&A, as was recently underscored by its representation of Advent International and Bain Capital on the €1.04bn acquisition of Intesa SanPaolo’s Setefi payment processing division. Managing partner Luka Tadić-Čolić led the matter and is a key member of the team, which also includes Saša Jovičić.

Žuric i Partneri has a strong record in NPL disposals for numerous financial institutions and has also developed a reputation for advising on consolidation within the financial services sector, where it is praised for its ‘very proactive approach’. In addition to transactional work, the team also handles day-to-day corporate and commercial matters as well as advising foreign corporates on setting up Croatian subsidiaries. Miroslav Plašćar provides ‘direct and honest advice founded on in-depth knowledge and experience’. Tomislav Tus and Duško Žurić are also recommended.

In addition to advising on purely local transactions, Bardek, Lisac, Mušec, Skoko in association with CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH (Austria) is also frequently involved in multi-jurisdictional deals in the CEE region, where it is able to leverage its international network. In conjunction with colleagues in Vienna, the ‘detail-oriented and precise’ Hrvoje Bardek advised private equity firm Odien Group on its buyout of Le Meridien Lav Hotel in Split. Vienna-based Gregor Famira spends a considerable amount of time in the Zagreb office and was recently responsible for establishing a regional start-up initiative, aimed at supporting the venture capital industry. The ‘very user-friendly’ Tamara Jelić Kazić provides the tax structuring input on international transactions.

Bogdanovic, Dolicki & Partners is regularly instructed by foreign corporates on their Croatian investments and also receives a pipeline of referral work through its close ties to Hogan Lovells International LLP. Tin Dolicki is recommended.

Headed by the ‘proactive and responsive’ Aleksej Mišković, Law Firm Glinska & Miškovic Ltd’s three-partner team provides ‘in-depth transactional expertise’ to domestic and international corporates. Beata Glinska advised Homair Group on the local law aspects of its acquisition of European Camping Group. Lea Pogarčić Mataija regularly advises international clients on establishing offices in Croatia and on subsequent commercial needs.

Praised for its ‘combination of industry knowledge together with high international standards’, Law Office Krehic, Stanicic & Gricar provides ‘diligent’, ‘value-for-money’ service. The firm has a notable focus on M&A within the telecoms sector, where Nikolina Staničić has ‘superb sector knowledge’ and is a pivotal member of the team, which also includes ‘highly knowledgeable and business-oriented’ managing partner Tarja Krehic.

Madirazza & Partners’ three-partner team provides a ‘solution-oriented and practical’ service encompassing M&A, corporate governance advice and pre-bankruptcy counselling. ‘Knowledgeable and experienced’ practice head Josip Madirazza and the ‘highly motivated and talentedMorana Herak have been advising OT-Telekom on its proposed merger with H1 Telekom. Other key figures are the ‘outstanding’ Ivan Dvojković and the ‘superbTin Težak, who has a focus on advising international clients.

Mario Perica, Attorney at Law in cooperation with Karanović & Nikolić OAD Belgrade’s corporate team was depleted by a number of recent departures including that of Danijel Pribanic, who left to set up his own firm. The group is now headed by Mario Perica, who recently advised shareholders of a Croatian facility management company and its affiliates on selling their shares to Atalian Global Services Croatia.

Ostermann & Partners LLP gives ‘solution-oriented and flexible advice’ to public and private companies on day-to-day commercial and governance-related matters, as well as transactions. The ‘exceptionally committed’ Mojmir Ostermann is recommended, as is the ‘patient and diligent’ Mila Selak.

Schoenherr in cooperation with Croatian lawyers regularly attracts cross-border transactional work where it can leverage its strong network of offices in CEE and SEE jurisdictions. For example, working alongside colleagues in Slovenia and Serbia, associate Dina Vlahov Buhin recently provided local counsel advice to Samsic Groupe on its acquisition of Eko Poslovi, a pan-SEE cleaning services group. Team head Arijana Petres is the main contact.

Cipcic-Bragadin primarily advises international corporates on their activity in Croatia and recent work includes acting for Canvas Holidays on various commercial arrangements. Managing partner Čipčić-Bragadin has a particular niche advising on private equity and venture capital deals.

An enthusiastic and hungry firm’, Kovacevic Prpic Simeunovic was established in September 2014 and has rapidly gained market recognition – it has a core focus on providing corporate and commercial services to domestic and international clients. Recent highlights include advising a boutique investment fund on purchasing Croatian NPLs. Dinka Kovačević is ‘proactive and to-the-point, particularly on M&A matters’, and Martina Prpić provides a ‘knowledgeable and client-oriented service’ on general corporate law and competition law matters.

At Law Office Lacmanovic, the ‘intelligent and pragmatic’ Natalija Lacmanović continues to handle a raft of work for HETA Asset Resolution and, following on from devising a strategy to takeover Grand Hotel Lav d.o.o. and Grand Marina Lav, the firm successfully concluded the sale of both companies.

The ‘responsive and attentive’ team at Macesic & Partners LLC recently finalised the sale of Grand Hotel Adriatic on behalf of Istrabenz Turizem. The firm also regularly handles day-to-day corporate and commercial housekeeping for numerous clients including Raiffeisen Consulting. Team head Ivana Manovelo is ‘very knowledgeable in financial services and is a pleasure to work with’.

Matekovic Law Firm’s ‘experienced and knowledgeable’ team head Krešimir Mateković recently advised RL-Beta Holding (a company held by Raiffeisen-Leasing) on a €1.5m increase in share capital in its Croatian subsidiary, Inprox Zagreb Sesvete. Associate Marko Cokol provides a ‘highly professional and responsive’ service.

Accustomed to the international standards of providing legal service’, Vidan Law Office represents a predominantly foreign client base across the spectrum of issues from day-to-day commercial work to transactional mandates including M&A, joint venture structuring and spin-offs. The firm has a strong reputation in the energy sector, where it has handled work for EconGas on numerous internal restructuring processes. The ‘focused and calm’ Hrvoje Vidan always ‘provides crisp ideas and never falls into a trap of copy-and-pasting ideas and projects’.

Law firm Bekina, Škurla, Durmiš and Spajic Ltd’s Goran Durmiš advises domestic and international clients on M&A, whereas Branimir Škurla focuses on general corporate and commercial work.

Led on the corporate front by Ivana Dominkovic Cecelja, Law Firm Dominkovic & Partners in cooperation with Deloitte Legal S.p.O. has picked up a sizeable volume of mandates since its foundation in 2014. Recent highlights include acting as sole Croatian counsel to all parties involved in the merger of three insurance companies – two Croatian and one Slovenian – to form Zavarovalnica Maribor.

Hanzekovic & Partners is one of the more established firms in the market and handles a significant amount of corporate support work and transactional mandates for a predominantly domestic client base. ‘Outstanding’ team head Irina Jelčić and the ‘proactive and knowledgeable’ Andrea Domac Ričković are recommended.

At Ilic, Orehovec & Partners, the ‘knowledgeable and attentiveKresimir Kis is advising Intermims on its €3.2m merger with Portitor. ‘Experienced and knowledgeable’ managing partner Tomislav Orehovec handles transactional work as well as day-to-day corporate and commercial support to two of the country’s largest companies, INA and Zagrebacki Holding.

Ivekovic Law Offices recently provided the commercial, e-commerce, consumer and privacy protection advice to Ikea and H&M Hennes & Mauritz on the establishment of internet shopping for these two high-profile retailers. Branimir Ivekovic is ‘keenly aware of the trends in the market and applies them in day-to-day practice’.

Kunstek, Halle & Simac advises domestic and international corporates on M&A, as well as a range of ongoing commercial issues. Ivan Šimac and Gordon Kunstek are the main contacts.

Formed in 2015 following the merger of transactional firm Šooš Maceljski & Partners and litigation firm, Matić, Mandić and Stanić, M&S Partners provides ‘a highly professional and discrete service’ on transactional, commercial and white-collar criminal law matters for domestic and international corporates. Team head Andrej Šooš Maceljski advised Hyundai Auto Zagreb on a range of corporate, commercial and restructuring mandates.

As well as handling regular day-to-day corporate and commercial mandates, Markušic Law Offices has been involved in numerous due diligence exercises for Irish company Greenhouse Investment Group. Don Markušic is ‘professional, attentive and well connected’.

Headed by Krešimir Planinić, Planinic & Partners advises domestic and foreign corporates on their investments in the country, as well as across a range of day-to-day corporate and commercial work. Recent highlights include advising Kofola ČeskoSlovensko on the acquisition of Studenac.

Praised for its ‘efficient, vibrant and driven approach’, Praljak & Svic Law Firm continues to represent some impressively high-profile companies including Coface, iNovine and Inditex on a broad spectrum of corporate and commercial work. Vitorija Svić provides ‘concise and sound advice’ and has tremendous commercial insight gained during her previous lengthy tenure as in-house counsel at Agrokor. Alongside the ‘solution-oriented and direct’ Marin Svić, she is advising new clients Novartis and Sandoz on regulatory and competition law matters.

Formerly in-house counsel at a fund, Law Office Skerlev’s managing partner Branko Skerlev has a focus on advising the small but developing funds industry and is praised for his ‘in-depth, specialist, almost niche knowledge about the investment funds regulatory framework’, as well as also handling some transactional work.

Versic Marusic Law Office’s particular area of strength lies in competition law, both in merger clearance work and when regularly appearing on behalf of clients in cases before the Croatian Competition Agency. Highlights have included advising Croatian Telecom on the related merger clearance proceedings pursuant to its acquisition of OT-Optima Telecom. Melita Veršić Marušić is recommended.

Law Firm Vrbanovic & Steficic D.O.O. advises domestic and international corporates on a range of corporate and commercial work, as well as antitrust law.

Based in the main Croatian port town of Rijeka, Vukic & Partners often handles corporate matters from the firm’s stellar array of shipping clients.

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Legal Developments in Croatia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Implementing Regulations on Public Procurement

    On 1 January 2008 the new Public Procurement Act came into force. However, following the coming into force of the new Act the Public Procurement Office, a regulatory body authorized to develop and coordinate the public procurement system in Croatia reported that in the practice the new Act is actually suspended until the regulations necessary for its implementation are adopted.
  • Amendments to the Personal Data Protection Act

    On 28 March 2008 Croatian Parliament enacted Amendments to the Personal Data Protection Act ("Amendments").
  • Amendments to Civil Obligations Act

    The currently applicable Croatian Civil Obligations Act was enacted in 2005 ("2005 Act") with a goal of harmonizing Croatian legislation with a number of EU Directives relating to combat against late payment in commercial transactions, self-employed commercial agents, sale of consumer goods and associated guarantees, liability for defective products, as well as package travel.
  • Amendments to Electronic Commerce Act

    On 17 June 2008 the Amendments to Electronic Commerce Act ("Amendments") came into force. These amendments are aimed at fully harmonizing Croatian electronic commerce regulations with the relevant EU laws.
  • One-Tier Corporate Governance System Introduced in Croatian Legal System

    On 3 October 2007 Croatian Parliament enacted the Amendments to the Companies Act which should enter into force on 1 April 2008 ("Amendments", "Act"). These Amendments represent the first substantial change to the Act since 2003.
  • New Takeover Act Enacted

    Background
  • New Public Procurement Act

    On 1 January 2008 the new Public Procurement Act came into force. The Act was modeled on a number of EU regulations concerning public procurement, most notably directive on coordination of procedures for award of public works, public supply and public service contracts, directive on procurement procedures of entities operating in the water, energy, transport and telecommunications sectors, as well as directive on review procedures to the award of public supply and public works contracts.
  • Resignation of a Member of the Management Board

    In a recently published decision, the Croatian High Commercial Court held that in corporations having two-tier corporate structure, the Supervisory board (as a body resolving on appointment and revocation of members of the Management Board) is not authorised or required to resolve on resignation of the Management Board's member. The court was on the standpoint that the resignation has legal effects as of the moment of its delivery to the Supervisory board. As a result, once the Supervisory board receives a resignation of a member of Management Board, it is not to discuss such resignation, but only undertake necessary steps to appoint new member of the Management Board and register the changes with the competent registry court.
  • Constitutional Court Rules on Squeeze Out

    According to recent press release, in February 2007 the Croatian Constitutional Court overruled the claim filed by minority shareholders of Siemens affiliate in Croatia. The minority shareholders requested the Constitutional Court to declare that rules on squeeze-out introduced into Croatian legal system under the 2003 Amendments to Companies Act are in violation of the Croatian Constitution. Under the disputed rules, shareholders' meeting may, at the request of the majority shareholder holding at least 95% of the shares, decide to transfer to such majority shareholder the shares held by minority shareholders, provided that the squeezed-out shareholders are paid appropriate compensation.
  • Regulation on Investment Fund Mergers

    Based on the authority granted under the 2005 Investment Funds Act, on 14 December 2006, the Croatian Agency for Supervision of Financial Services ("Agency") adopted the Regulation on Open Investment Fund Merger. The Regulation sets out a number of rules related to procedure, conditions and methods for merger of open investment funds in Croatia. The Regulation will come into effect on 30 December 2006.

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