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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Divjak, Topic & Bahtijarevic closes €161M syndicated loan deal

October 2010. Press Releases by Divjak, Topic & Bahtijarevic (view listing).

Croatia's Divjak, Topic & Bahtijarevic (DTB) closed last week one of the largest syndicated loan deals in Croatia this year. DTB advised a syndicate of 12 prominent banks in lending €161 million to Raiffeisen Bank in Croatia.   

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DTB project finance team advised US investment fund WP Carey

May 2010. Press Releases by Divjak, Topic & Bahtijarevic (view listing).

"DTB project finance team advised US investment fund WP Carey in the sale and lease-back transaction to leading Croatian company Agrokor. It was the biggest regional transaction in the area of logistic centres and a firm sign of recovery in the real estate industry.

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DTB three-man team closed a transaction for its long-standing client Globe Trade Center (GTC)

May 2010. Press Releases by Divjak, Topic & Bahtijarevic (view listing).

"DTB three-man team closed a transaction for its long-standing client Globe Trade Center (GTC), one of leading real-estate developers in Europe. GTC has borrowed an amount of EUR 44 million from European Bank for Reconstruction and Development (EBRD).

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New Arrivals in Divjak, Topic & Bahtijarevic

November 2009. Press Releases by Divjak, Topic & Bahtijarevic (view listing).

Following an increase in M&A work load DT&B has strengthened its M&A team by appointment of two new senior associates from reputable local law firms.

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Divjak, Topic & Bahtijarevic has advised the Hilton Hotels Corporation in Franchise Licence Agreemen

April 2009. Press Releases by Divjak, Topic & Bahtijarevic (view listing).

Divjak, Topic & Bahtijarevic (DTB) has advised the Hilton Hotels Corporation in Franchise Licence Agreement with Adriatic d.d. to open a new Hilton branded property in the Croatian city of Split and bringing world-class hotel accommodations to this important region.

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Divjak, Topic & Bahtijarevic Appointed New IP Head

May 2008. Press Releases by Divjak, Topic & Bahtijarevic (view listing).

Divjak, Topic & Bahtijarevice appointed Ms. Vanja Kovacevic from Vukmir Law Office to lead growing IP department.

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3 New Partners Promoted in Divjak, Topic & Bahtijarevic

September 2007. Press Releases by Divjak, Topic & Bahtijarevic (view listing).

Divjak, Topic & Bahtijarevic promoted 3 new partners to head litigation, securitization and real estate departments

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Divjak Topic & Bahtijarevic Advised on the Biggest Croatian IPO

May 2007. Press Releases by Divjak, Topic & Bahtijarevic (view listing).

Capital Markets Team of Divjak Topic & Bahtijarevic advised Citibank on listing of Global Depositary Receipts of Croatian oil company INA on the London Stock Exchange.

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Divjak Topic & Bahtijarevic advised on EUR 3,4 billion deal

August 2006. Press Releases by Divjak, Topic & Bahtijarevic (view listing).

Four lawyers banking and finance team of Divjak, Topic & Bahtijarevic advised a syndicate of banks (HSBC, UBS and JP Morgan) in the biggest banking deal in Croatia ever. The team of DT&B acted in connection with Croatian aspects of structure lending and securitization of facility amounts EUR 3.4 billion to the Icelandic pharmaceutical company Actavis. The team of Divjak, Topic & Bahtijarevic worked alongside Allen&Overy - international adviser of lenders.

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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.