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On 23 April 2020 the Croatian Government adopted a Proposal for an Act on Intervention Measures in Enforcement and Insolvency Proceedings During Special Circumstances.

Reasoning behind the changes: In the two years that the "new" bankruptcy regime – the Bankruptcy Act of September 2015 (Stečajni zakon; the "BA") – has been in place, the number of pre-bankruptcy procedures initiated in Croatia has plummeted to only 273, with 58 restructuring plans being accepted.

Approximately one year ago the new pre-bankruptcy settlement act came into force. Since then first attempts to acquire debtors under pre-bankruptcy settlement were made.

The amendments revolve around fine tuning the restructuring process that was already set out by the IA through the pre-insolvency proceedings while also harmonising it with the Directive.

The recently adopted Croatian Bankruptcy Act ("SZ") sets out a new integrated pre-bankruptcy and bankruptcy regime.

The Croatian Consumer Bankruptcy Act (Zakon o stečaju potrošača; "ZSP"), which entered into force on 1 January 2016, for the first time introduces the legal concept of consumer bankruptcy into the legal system.