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Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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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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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.
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On 28 March 2008 Croatian Parliament enacted Amendments to the Personal Data Protection Act ("Amendments").
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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.
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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.
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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.
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Background
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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.
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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.
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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.
The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
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As from 2 May 2012, leading Antwerp-based law firm Astrea has significantly
expanded its Brussels office with the recruitment of new Partner Steven De
Schrijver and team including Senior Associates Thomas Daenens, Jeroen Mues
and Pieter Paepe.
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Delphi is advising OK-Q8 AB on the formation of a new Scandinavian group through OKQ8 AB’S acquisition of shares in Q8 Danmark A/S from Kuwait Petroleum Europe BV. Kromann Reumert in Copenhagen advised on the legal due diligence in Denmark.
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Investment UK- Francophone Africa
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Kyiv, 15May 2012 – Avellum Partners is proud to inform that it has won the Chambers Europe Award for Excellence 2012 for Ukraine and was recognized as Ukraine Law Firm of the Year. The award ceremony was held in Amsterdam on 10 May 2012.
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Sayenko Kharenko acted as legal counsel to European Bank for Reconstruction and Development (“EBRD”) in connection with USD 50 million loan to JSC “The State Export-Import Bank of Ukraine” (“Ukreximbank”).
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Our Client MM Makronissos Marina has successfully completed the execution of the BOT contract with the Government concerning the construction and operation of a Marina and a Real Estate development in Ayia Napa.
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In 1948, Scots Guardsmen shot dead 24 unarmed Chinese labourers in the rubber tapping village of Batang Kali, part of what was then colonial Malaya.
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In a judgment rendered on 30 April 2012 (4A_763/2011), the Swiss Federal
Supreme Court dismissed an application of Çukurova Holding against Sonera
Holding (a subsidiary of TeliaSonera, and at the same time Turkcell's biggest
shareholder) for judicial review of an ICC award between the parties.
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On 27th of March 2012, the Second Kazakh-British Forum on partnership development among suppliers in the oil and gas industry service sector was held in Astana. About 80 Kazakhstan and British companies attended the event.
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Gabrielle Nater-Bass and Melissa Magliana of Homburger's Litigation | Arbitration practice team recently obtained a Partial Award ordering Respondents who refused to pay their share of the advance on costs in an ICC arbitration to make immediate payment to the ICC.