As part of the European Green Deal, the European Union has introduced new rules for large companies and listed companies regarding social and environmental risks they face, and how their activities impact people and the environment. The Corporate Sustainability Reporting Directive (CSRD), which entered into force on 5 January 2023, requires approximately 50,000 large companies and listed SMEs to report on sustainability issues such as environmental rights, social rights, human rights, and governance factors. The rules apply to all large companies and companies listed on regulated markets, except for listed micro-enterprises. Non-European companies with a net turnover of EUR 150 million in the EU, and which have at least one subsidiary or branch in the EU, must also provide a report on their environmental, social, and governance (ESG) impacts.

The Croatian Labour Law has undergone significant changes, including the maximum duration of fixed-term employment agreement, new components of the employment agreement, remote work regulations, and changes to paid and unpaid leave. The revised law also introduces a new definition of salary and new regulations for other salary supplements. The duration of trial work is now limited, and workers can work additional hours with another employer. The article highlights the key changes in the labour law, including provisions on sending workers abroad, absence from work, and determination of salary, among others.

The transition from HRK to EUR as the official currency in Croatia has brought about significant changes for joint stock and limited liability companies. The Croatian Companies Act has been amended to simplify the process of converting share capital to EUR, but the courts are still determining the exact methods for some aspects of the adjustment, leaving some uncertainties. In this newsletter, we will guide you through the process of converting your share capital to EUR for both joint stock and limited liability companies.

WAHL advised Kvantum-tim d.o.o. on its acquisition by Biochem Polska.

WAHL's Corporate & M&A and EU &Competition teams led by partners Branko Skerlev and Marko Kapetanović advised VÄLINGE on its acquisition of controlling stake in SPIN VALIS. Acquisition was done through Croatian subsidiary VALINGE CROATIA d.o.o. The acquisition was approved by the Croatian Competition Agency during Phase I. VÄLINGE is an R&D and IP company, pioneer of glueless click flooring. VÄLINGE’s technology base co