Legal Alerts
Studenac enters pre-insolvency proceedings: EUR 450 million of liabilities at stake On 23 September 2026, Studenac d.o.o., one of Croatia's leading retail chains, filed a petition for the opening of pre-insolvency proceedings before the Commercial Court in Split. The court issued the opening order on 29 September 2026. Total financial liabilities amount to approximately EUR 450 million: approximately EUR 290 million relates to bank financing under a Senior Facilities Agreement with a consortium comprising Bank Polska Kasa Opieki, EBRD, PZU FIZ BIS 1, OTP Bank Plc., OTP banka d.d. and Zagrebačka banka d.d., while trade payables due or falling due within the next 60 days amount to approximately EUR 175.9 million.