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Legal Alerts

30.11.2023
Gesellschaftsrecht und M&A
Insolvenz und Restrukturierung

On 2 November 2023 the Act on Amendments to the Companies Act entered into force and introduced amendments on cross-border transformations, mergers and divisions. The amendments were introduced with the aim of increasing mobility of companies in the European Union and achieving freedom of establishment, and to improve functioning of the EU internal market for companies.

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Legal Alerts

27.11.2023
Gesellschaftsrecht und M&A
Insolvenz und Restrukturierung

The amendments to the Companies Act came into effect on 2 November 2023, except for certain provisions that will come into effect on 1 January 2024. The amendments harmonize the Croatian legislation with European legislation, in particular the Commission Implementing Regulation (EU) 2018/12 laying down minimum requirements implementing the provisions of Directive 2007/36/EC as regards shareholder identification, the transmission of information and the facilitation of the exercise of shareholders rights. As a result, they primarily impact joint-stock companies. Special attention is given to provisions regulating the consequences for membership and positions in the company's bodies for individuals who have been convicted of money laundering, financing terrorism, or individuals with outstanding debts related to taxes, contributions, and net wages to employees

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