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Savoric & Partners

GUNDULICEVA 15, 10000 ZAGREB, CROATIA
Tel:
Work +385 1 4855 900
Fax:
Fax +385 1 4856 232
Web:
www.savoric.com
Email:

What we say about the firm's legal practice in Croatia

Banking, finance and capital markets

Within Banking, finance and capital markets , Savoric & Partners is a first tier firm,

Savoric & Partners ‘provides excellent assistance, assuring complete availability and involvement’ for clients, who also appreciate the value for money offered by the firm. Marin Vice Vujicic and his team have experience in domestic and international listings on behalf of Morgan Stanley, Deutsche Bank and the Atlantic Group. The firm recently acted for a consortium of lenders in relation to the €12.5bn loan to TriGranit for the construction of Arena Zagreb.

Corporate and M&A

Within Corporate and M&A, Savoric & Partners is a first tier firm,

As an indication of its prowess in the field of M&A, Savoric & Partners was appointed as adviser to listed Croatian sports food manufacturer Atlantic Group in its acquisition of leading Slovenian food-producer Droga Kolinska. This complex deal included targets throughout the former Yugoslavia and required analysis and negotiation of antitrust issues. The firm also fielded the resources to complete the €1bn acquisition of Zagrebacka Pivovara, begun in 2009. A raft of further acquisitions came through instructions from Austrian insurer Generali Versicherung, French construction giant Colas, and Swisscom.

Foreign investment, projects and privatisation

Within Foreign investment, projects and privatisation, Savoric & Partners is a first tier firm,

With a wide international client base and experience in inward investment, Savoric & Partners is well equipped to handle instructions from foreign investors in infrastructure and energy projects. The firm was instrumental in the recent successful international tender for steel factory Sisak by US-listed Commercial Metals International following negotiations with the Croatian privatisation fund. Boris Savoric and Marin Vice Vujicic continue to assist the EBRD with its lending to Croatian municipal authorities.

Real estate

Within Real estate, Savoric & Partners is a first tier firm,

Savoric & Partners stands out for its experience in the leisure and tourism sectors, acting for Hidrocommerce and Jupiter Fund on the Sun Gardens project and development of tourism accommodation on the Dubrovnik coast. Its prowess in land purchase and development is attested to by its retainer as sole adviser to IKEA for the acquisition of land for retail development, and by Pirelli RE in the acquisition of a hotel and tourism organization. Financing of acquisitions falls under Boris Savoric’s remit, while Helena Sjaus leads the real estate and litigation group focusing on property transactions and contentious matters.

What we say worldwide

Please choose another Savoric & Partners office to view full details of what we say in that region, or choose from this list to view a specific editorial reference in context.

Croatia

Offices in Zagreb

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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

  • Restitution of Property to non-Croatian Citizens – Possible at Last?

    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?
    - Schönherr

  • 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.
    - BABIC & PARTNERS Law Firm

  • Amendments to the Personal Data Protection Act

    On 28 March 2008 Croatian Parliament enacted Amendments to the Personal Data Protection Act ("Amendments").
    - BABIC & PARTNERS Law Firm

  • 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.
    - BABIC & PARTNERS Law Firm

  • 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.
    - BABIC & PARTNERS Law Firm

  • 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.
    - BABIC & PARTNERS Law Firm

  • New Takeover Act Enacted

    Background
    - BABIC & PARTNERS Law Firm

  • 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.
    - BABIC & PARTNERS Law Firm

  • 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.
    - BABIC & PARTNERS Law Firm

  • 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.
    - BABIC & PARTNERS Law Firm
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