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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Croatia > Banking, finance and capital markets > Law firm and leading lawyer rankings


Index of tables

  1. Banking, finance and capital markets
  2. Leading individuals
  3. Next Generation Partners

Leading individuals

  1. 1

Next Generation Partners

  1. 1

Who Represents Who

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Led by the 'top-class'¬†Damir Topińá,¬†Divjak, Topic & Bahtijarevic¬†provides 'a very responsive and flexible service' to an impressive roster of banking clients including J&T Bank,¬†KfW Ipex Bank and the European Bank for Reconstruction and Development (EBRD). Topińá has broad-ranging expertise across the gamut of new financing and refinancings and, aided by 'extremely helpful and practical' senior associate¬†Martina Kalamiza, recently advised ING Bank on the amendment and restatement of the existing loan agreement for Aminolabs Group to facilitate its acquisition of Atlantic Multipower Germany.¬†Kalamiza also assisted Sazka Group with the transactional and regulatory financing aspects of its acquisition of a controlling stake in Croatian sports betting company SuperSport.

The 'thorough, responsive and solution-oriented' team at¬†Law Firm Glinska & MiŇ°kovińá Ltd¬†is 'very accomplished' at handling a wide range of secured and non-secured lending, including syndicated and club debt financings. 'Experienced' team head¬†Aleksej MiŇ°kovińᬆprovides 'hands-on advice' to lenders and borrowers; he recently advised Genera on a ¬£350m multi-currency revolving credit facility arranged with a syndicate of banks, including BNP Paribas and HSBC. Recently promoted partner¬†Anamaria ŇĹuvanińᬆand senior associate¬†Petra Siketińᬆare also recommended. Other clients include EBRD, Deutsche Bank, UBS and VTB Capital.

Madirazza & Partners¬†provides 'an excellent service' to a balanced array of borrowers and lenders across banking, restructuring and capital markets transactions, where it is praised for its 'in-depth understanding of complex transactions'. The firm has been at the vanguard of the development of the pre-bankruptcy process in Croatia, and led by managing partner¬†Josip Madirazza¬†continues to enhance its restructuring credentials by its pivotal role for numerous major creditors (including VTB Bank) in the market-defining Agrokor insolvency, work which included a central role in relation to the drafting of the settlement plan. The 'open-minded and hardworking'¬†Tin TeŇĺak¬†and¬†Tatjana Radmilovińᬆhave also been central to the firm's Agrokor work and are key members of the team that also includes¬†Morana Herak, who regularly acts for underwriters and issuers on debt and equity capital markets mandates. 'Knowledgeable, hardworking and focused'associate¬†Marinka Kovańćińᬆis also recommended.

'One of the best law firms in Croatia',¬†Mamińá Perińá Reberski Rimac Law Firm LLC¬†has a very strong track record handling complex and high-value financing work for corporates and lenders, including as it relates to restructurings, capital markets and bilateral/syndicated transactions.¬†Luka Rimac¬†is often at the forefront of the most important mandates handled by the team, including his recent assistance to Zagreb City Holding with the ‚ā¨300m issuance of a second tranche of notes on the debt capital markets. Rimac also acts for Zagreb Stock Exchange on ongoing operational matters, including recently advising on the establishment of¬†an innovative crowdfunding platform based on bitcoin technology.¬†Frano Belohradsky, who is a key name for¬†debt capital markets matters and regulatory issues,¬†was recently promoted to junior partner.

An established presence in the market, Porobija & Porobija is best-known for its work for lenders and borrowers on energy and infrastructure-related financing matters. Boris Porobija and Zeljka Rostas Blazekovic are recommended.

The 'client-friendly' two-partner team at¬†Ň†avorińá & 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,¬†ńĆesk√° spoŇôitelna and CIB Bank.¬†Mia Lazińᬆrecently advised a group of banks, including Barclays and RBS, on the ¬£350m multi-currency revolving credit facility provided to Dechra Pharmaceuticals. Senior partner¬†Boris ҆avorińᬆis 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.

The 'hardworking, conscientious and knowledgeable' team at¬†ŇĹuric i Partneri¬†has excellent credibility among domestic and international banks providing syndicated and bilateral financings to facilitate major projects and M&A deals. The firm is also regularly involved in restructurings, including its work for the government on the debt optimisation of the motorway and road sector. Other niche areas of expertise include banking M&A and derivatives regulatory advice to international banks operating in Croatia.¬†DuŇ°ko ŇĹurińᬆhas particular financing expertise within the energy, infrastructure and real estate fields. Other recommended partners include¬†Edin KarakaŇ°, particularly in relation to regulatory advice, and¬†Mihovil Granińá, who led the firm's work on the aforementioned public debt restructuring.

Babic & Partners Law Firm provides 'a very high standard of work' for corporates and lenders engaged in domestic and cross-border financing. 'Very professional and responsive' team head Iva Basaric recently advised private equity sponsor, The Rohatyn Group, on a secured syndicated loan facility to help finance a regional pet store chain, as well as subsequent acquisitions of  Romanian and Slovenian pet store retailers. Boris Babic is also recommended.

Able to leverage the firm's extensive international network, particularly throughout Central and Eastern Europe (CEE), and also generating a significant amount of standalone work,¬†Bardek, Lisac, MuŇ°ec, Skoko in association with CMS Reich-Rohrwig Hainz Rechtsanw√§lte GmbH (Austria)¬†has a strong reputation among domestic and international banks, including EBRD,¬†Zagrebańćka banka and Credit Suisse. As well as her work for a club of lenders (including JP Morgan and BNP Paribas) as creditors on the Agrokor restructuring, 'pragmatic and solution-oriented' team head¬†Jelena Nushol¬†has been particularly active for lenders and borrowers on shopping mall financings/refinancings. Associate¬†Ana Erceg¬†is also recommended.

Benefiting from strong domestic banking ties and also leveraging its "best friends" relationship with Hogan Lovells International LLP, Bogdanovic, Dolicki & Partners handles a wide range of domestic and cross-border finance work. Tin Dolicki is recommended for banking and capital markets mandates.

KOVACEVIC PRPIC SIMEUNOVIC LLC's two-partner team¬†handles work across the spectrum of banking and finance matters, with work encompassing acquisition finance, banking M&A and asset finance matters.¬†As well as her niche expertise in the aviation sector,¬†Danijela Simeunovińᬆalso handles more mainstream finance work and benefits from strong regulatory knowledge, which was put to good effect for Hrvatska PoŇ°tanska¬†Banka on its acquisition of troubled bank Jadranska banka.¬†Dinka Kovańćevińᬆis particularly well-known in the market for her work for factoring companies and counsel¬†UroŇ° Pavasovińᬆis also noted.

The 'hardworking, knowledgeable and detail-oriented' two-partner team at¬†Ostermann & Partners LLP¬†provides 'a very¬†professional service' to borrowers and lenders across the gamut of transactions including for corporate finance and real estate finance purposes. Praised for his 'pragmatic and calm approach',¬†Vjekoslav Ivanńćińᬆprovides 'a very knowledgeable service' across both new money financings and restructurings, as well as on financial services regulatory matters. He recently advised Press Glass on a syndicated financing transaction to facilitate a major¬†‚ā¨200m project. The team also acts for distressed debt investor, APS Holding, on NPL portfolio work.¬†Mojmir Ostermann¬†is also recommended.

Often working alongside practitioners across its CEE network, as well as acting on its own, the 'focused and responsive' team at¬†Wolf Theiss - Zagreb branch¬†has a strong pedigree across a range of financing and regulatory work for borrowers and lenders. With assistance from the firm's Warsaw office,¬†Luka Tadińá-ńĆolińᬆrecently advised Bank Gospodarstwa Krajowego on financing the acquisition of shares in a Croatian joint stock company, Luka Rijeka, the operator of Rijeka port. Consultant¬†Vedrana Ivekovic¬†has a particularly strong reputation for financial services regulatory matters and recently advised One Equity Partners on Alternative Investment Fund Managers Directive implications¬†concerning reverse solicitation in Croatia.

Established in 2017, the 'young and energetic' team at Batarelo Dvojkovic Vuchetich Law Firm LLP is praised for its 'exceptional advice', which effectively blends pure banking and finance expertise with significant tax structuring nous. Team head Vladimir Baterelo provides 'prudent advice without over-complicating matters' and has been advising coffee and snacks producer, Franck, as a stakeholder in the Agrokor restructuring.

The 'solution-oriented and responsive' team at¬†Law Firm Ecimovic & Kaleb LLC¬†handles new money financing and restructuring work for domestic and international corporates. As well as leading on much of the transactional work handled by the firm,¬†Ivan Kaleb¬†also has significant financial services regulatory knowledge, including as it relates to anti-money laundering. The 'reliable and responsive'¬†Josip Eńáimovińᬆis also appreciated for his 'knowledge in the banking sector and on its evolving legislation'.¬†¬†

The 'outstanding' team at¬†Hanzekovic & Partners¬†has an excellent reputation for handling financial services-related disputes, work which regularly entails debt recovery for several of the country's largest banks, including Zagrebańćka banka. Other areas of strength include regulatory advice and NPL portfolio work.¬†Damir Metelko¬†is noted for contentious financial services matters and¬†Kruno KneŇĺevińᬆis a key name for conventional transactional financing. The 'knowledgeable and helpful'¬†Irina Jelńćińᬆis recommended for financial services M&A.

Since its establishment in 2010, THE LAW OFFICE KREHIC & STANICIC has been one of the leaders in the market for telecoms-related work, particularly in light of Tarja Krehic and Nikolina Stanicic's former prominent in-house roles at Hrvatski Telekom. Consequently, the firm has picked up some financing-related matters in the sector, including Stanicic's work for Hrvatski Telekom on the restructuring of its inter-company loans. Outside of the telecoms sector, Krehic has been active for new client, Austrian Anadi Bank, in numerous large enforcement proceedings against Croatian debtors.

Law Office Lacmanovic handles a range of new money financings and restructurings for banks and corporates, including as it relates to syndicated lending, real estate and leveraged finance matters. Managing partner Natalija Lacmanovic acts for Heta Asset Resolution on the disposal of NPL portfolios.

Led by¬†Ivana MiloŇ°,¬†M&S Partners¬†is particularly focused on handling contentious matters for domestic and international financial services clients. MiloŇ° represents Raiffeisenbank in its¬†litigation and debt collection activities in Croatia. On the transactional front,¬†Andrej ҆ooŇ° Maceljski¬†acted for J&T Banka on a syndicated loan financing.

With its headquarters at the port of Rijeka, Macesic & Partners LLC is steeped in maritime law, and as part of its wide-ranging service in the sector regularly handles shipping finance matters.

Since its formation in 2016,¬†Marohnic, Tomek & Gjoic, Law Firm¬†has quickly established itself as a popular choice for corporates and lenders as a result of the 'proactive and commercial' advice it provides across project financing, capital markets and restructuring. The 'practical and creative'¬†Tena Tomek¬†recently advised Rigi Real Estate Austria on the¬†‚ā¨3m refinancing of its loan with UniCredit (repaying it and replacing with¬†Intesa Sanpaolo) for the purposes of the development of a biogas energy facility. The 'knowledgeable and experienced'¬†Josip Marohnińᬆhas handled numerous NPL portfolio acquisitions for Swiss fund JP International Holdings. The 'solution-oriented and proactive'¬†Tonka Gjoińᬆis also recommended.

Orehovec, Vinter, KiŇ°, ҆imunovińᬆis best-known for its insolvency-related work, which includes a considerable amount of debt recovery/enforcement actions.¬†Tomislav Orehovec,¬†Irena Vinter Gregorińᬆand¬†KreŇ°imir KiŇ°¬†have been advising Ivica Todoric, the owner of Agrokor, on matters relating to the company's insolvency proceedings.

Formerly in-house counsel at a Croatian investment management firm, Law Office Skerlev's founding partner Branko Skerlev is 'known among investment fund industry insiders for his strong legal knowledge, experience and personality'. A key name for investment fund industry issues in Croatia, Skerlev is noted for his 'capital markets regulatory expertise'.

At Vidan Law Office, Hrvoje Vidan is particularly well regarded for his project finance and debt capital markets expertise. The firm also regularly advises corporate borrowers.

Founded in late 2017 by the 'exceptionally knowledgeable' Branimir Zarkovic , Law Office Zarkovic  has already begun to pick up a significant amount of new money and refinancing work for corporates and investment firms. Zarkovic recently advised Austria-based investment firm Alkyon Partners on the acquisition and refinancing of Croatian company Magnum Global.

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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

  • 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.

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