Intervention Measures Regarding Insolvency And Enforcement Proceedings

Introduction

On 23 April 2020 the Croatian Government adopted a Proposal for an Act on Intervention Measures in Enforcement and Insolvency Proceedings During Special Circumstances (the "Draft Intervention Act"). The Draft Intervention Act states that its purpose is to alleviate the position of citizens subject to the enforcement proceedings, to help companies which may be facing bankruptcy during the special circumstances, as well as to help the recipients of national and/or EU grants and recipients of the governmental aid due during the special circumstances. 

Special circumstances

The special circumstances are defined as an event or state which could not have been predicted or prevented, and which event or state endangers the life and health of citizens, assets of greater value, significantly damages the environment, distorts economic activity or causes significant economic damage. This definition is superfluous as the Draft Intervention Act clearly states that