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Editorial

Croatia: The New Bankruptcy Act Aims to Accelerate Bankruptcy Proceedings and Resolve Non-Liquidity

November 2015 - Finance. Legal Developments by Schönherr.

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The recently adopted Croatian Bankruptcy Act ("SZ")[1] sets out a new integrated pre-bankruptcy and bankruptcy regime. SZ has entirely replaced the previous bankruptcy act that was in force for 18 years, as well as provisions regulating pre-bankruptcy settlement proceedings prescribed under the Act on Financial Operations and Pre-bankruptcy Settlement[2]. read more

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