The Legal 500

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ILICA 1/A, NEBODER, 10000 ZAGREB, CROATIA
Tel:
Work +385 1 485 5900
Fax:
Fax +385 1 485 6232
Email:
Web:
www.savoric.com

Croatia

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 1

Šavorić & Partners

The 'client-friendly' two-partner team at Šavorić & Partners provides 'an excellent service' across the gamut of domestic and cross-border syndicated and bilateral financings for an impressive roster of banks, including Fifth Third Bank, HSBC, Česká spořitelna and CIB Bank. Mia Lazić recently advised a group of banks, including Barclays and RBS, on the £350m multi-currency revolving credit facility provided to Dechra Pharmaceuticals. Senior partner Boris Šavorić is regularly entrusted with extremely high-profile and sensitive work, including acting for Agrokor and its extraordinary administrator as crisis management advisers upon the initiation of extraordinary administration proceedings.

Leading individuals

Boris Šavorić  - Šavorić & Partners

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Šavorić & Partners

Šavorić & Partners has 'a well-established reputation and strong track record' acting for large domestic and international corporates on transactional and commercial matters. Lovro Gašparac has a strong reputation among funds and corporates, and alongside senior partner Boris Šavorić, recently advised Morgan Stanley Real Estate Fund on the sale of its shares in two large Croatian shopping centres - City Centre One East and City Centre One West. Šavorić and Nina Radić-Kuzik assisted Enterprise Investors with its acquisition of a majority stake in Pan-Pek, a leading Croatian bakery producer and retailer.

Leading individuals

 Boris Šavorić  - Šavorić & Partners

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Dispute resolution
Dispute resolution - ranked: tier 1

Šavorić & Partners

Šavorić & Partners handles a significant amount of litigation for its extensive roster of domestic and international corporate clients across the gamut of disputes, including as it relates to shareholder cases, employment controversy and the enforcement of foreign judgments. As well as defending Air France in a €2m damages case initiated by the family of a Croatian national, Boris Šavorić is also representing the largest Slovenian bank, Nova Ljubljanska Banka, as one of the defendants in a high-value case brought by four claimants. Branko Bulat and Lovro Gašparac are also recommended. Other clients include Tele2, Suez International and Generali osiguranje.

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Privatisation, projects and energy
Privatisation, projects and energy - ranked: tier 1

Šavorić & Partners

Šavorić & PartnersMia Lazić advised RP Global Austria as a project developer on the potential sale of two completed Croatia-based wind power plants. On the privatisation front, the vastly experienced Boris Šavorić recently handled work for investors into various state-owned entities.

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Real estate and construction
Real estate and construction - ranked: tier 1

Šavorić & Partners

Although it handles work for a wide variety of stakeholders across the gamut of real estate matters, Šavorić & Partners has a particularly strong reputation acting for funds investing in the tourism and retail sector. Recent highlights include Branko Bulat's advice to Morgan Stanley Real Estate Fund on the intended acquisition of six Croatian hotel companies located in the coastal city of Umag, and for FCC Real Estate on the development of a luxury hotel resort in the central Dalmatian city of Šibenik.

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Further information on Šavorić & Partners

Please choose from this list to view details of what we say about Šavorić & Partners in other jurisdictions.

Croatia

Offices in Zagreb

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.