Bardek, Lisac, Mušec, Skoko and partners in cooperation with CMS Reich-Rohrwig Hainz

On 27 February 2025, Europe’s TARGET payment systems were severely disrupted, halting the settlement of financial transactions. Why are TARGET systems so important? How do typical facility agreements address such disruptions? Senior Associate Relja Rajković and Attorney-at-Law Alen Ivanović provide an assessment of these questions and explain how 'Disruption Event' clauses can help mitigate the risks. #CMSLaw #Banking #Disruption Jelena Nushol Fijačko, Darijo Gospic

Croatia's legal framework for employment transfers is witnessing a subtle yet significant shift. A recent Supreme Court decision has drawn a clear line between transfers where the original employer continues operations and those where it does not - raising questions about employee rights under TUPE regulations. This points to a new direction in European labour law, potentially redefining employment transfers in Croatia and across the EU. Read the recently published article by partner Mia Kalajdzic and attorney-at-law Antonio Sabljić: https://lnkd.in/dWtd95qq #CMSLaw #Employmentlaw Jana Črnjević, Ana Čosić

Dismissals can be complex, but staying informed makes all the difference. The newest update to the CMS guide spans over 35 jurisdictions, including Croatia, providing valuable insights into individual employee and managing director dismissals. Navigating dismissals is a complex challenge for both employers and employees. To access the whole guide click on: https://lnkd.in/dfmYf22X #CMSLaw #employment Mia Kalajdzic, Antonio Sabljić, Jana Črnjević, Ana Čosić

Green bonds just got a major upgrade! On January 24, the Croatian Parliament enacted legislation to implement the European Green Bond Regulation (Regulation (EU) 2023/2631) - a significant step in aligning Croatia’s #sustainable finance framework with the European Green Bond Standard (EU GBS). Key Highlights of the EU Green Bond Standard: 💡 Allocation of Proceeds: Issuers are required to allocate the proceeds from European Green Bonds to economic activities that are environmentally sustainable, as defined by the EU Taxonomy Regulation. This includes sectors such as renewable energy, sustainable transport, energy efficiency, and ecosystem protection. 💡 Transparency and External Verification: Issuers must develop a Green Bond Framework detailing the intended use of proceeds and provide regular reports on the allocation of funds and the environmental impact of financed projects. Independent external reviewers are mandated to verify compliance, thereby mitigating the risk of greenwashing. 💡 Voluntary Adoption with Enhanced Credibility: While adherence to the EU GBS is voluntary, issuers who comply benefit from increased credibility, making their bonds more attractive to responsible investors. The EU GBS complements existing market frameworks, such as the ICMA Green Bond Principles and the Climate Bonds Standard, by providing a robust regulatory structure. 👉 What does that mean? This regulation gives investors greater confidence that their money is truly supporting sustainable projects, while issuers gain credibility and access to responsible capital. By setting clear standards and requiring transparency, it reduces the risk of greenwashing and helps drive real environmental impact, making green bonds a more reliable tool for financing the transition to a low-carbon economy. #CMSLaw #GreenBonds Jelena Nushol Fijačko, Relja Rajković, Ronald Filipčić

🌟 Our colleague, Luka Abrlic, has officially been admitted to the bar. This marks an important step in his legal career, reflecting years of dedication and hard work. As a valued member of our Real Estate & Construction team, we’re confident that Luka will continue to bring valuable influence and expertise to the profession and our firm. Congratulations, Luka, on this well-earned achievement. 👏 🎊 #CMSlaw #baradmission #lawyer #careermilestone

What’s new in employment law? The newest edition of our quarterly horizon scanner, On your radar, provides insights from 33 countries, covering key employment law developments, including: 🔹Croatia: application of the new Collective Bargaining Agreement 🔹Digitalisation in the workplace 🔹Italy’s debate on a statutory minimum wage 🔹And more... For a full overview, read the latest edition: https://lnkd.in/dqURVKDE #cmslaw #CMSemployment #EmploymentLaw Mia Kalajdzic, Antonio Sabljić, Jana Črnjević, Ana Čosić

Thank you to Privredna banka Zagreb d. d., Erste&Steiermärkische Bank d.d. (Erste Bank Croatia), Zagrebačka banka, and OTP banka Hrvatska for the trust placed in us as legal advisors in providing a 𝐄𝐔𝐑 𝟐𝟖𝟑 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 club loan to support Podravka in its 𝐄𝐔𝐑 𝟑𝟑𝟑 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 acquisition of the agricultural segment of the Fortenova grupa. This transaction represents a significant development in the agribusiness sector in #Croatia and the broader Central and Southeastern European region. Additionally, the European Bank for Reconstruction and Development (EBRD) supported the acquisition with a 𝐄𝐔𝐑 𝟓𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 equity investment in Podravka Agri. Jelena Nushol Fijačko, Relja Rajković, Alen Ivanović #CMSlaw #acquisitionfinancing

Starting the week with a celebration is always a good idea! 🎉 Congratulations to Ana Slovenec on her promotion to Senior Associate! Ana is a valuable member of our #energy team, helping clients navigate complex legal frameworks and driving key sector developments. With a keen interest in #ESG, she plays a vital role in shaping solutions that support a more sustainable and responsible energy future. Čestitamo, Ana – here’s to a future filled with success and collaboration! #CMSLaw #EnergyLaw Marija Musec, Anamarija Vlašić

Energy efficiency as a tradable asset? Croatia’s SMiV system and White Certificates provide a structured way to track, verify, and trade energy savings. This approach not only helps businesses meet efficiency targets but also creates economic opportunities. Ana Slovenec recently wrote an insightful article for Balkan Green Energy News, explaining how the system works: https://lnkd.in/dRvvsmmk Marija Musec, Anamarija Vlašić #CMSLaw #EnergyEfficiency

Emerging Europe remains a dynamic M&A market, with resilient dealmaking and strong investor confidence across key sectors. The 2024/2025 Emerging Europe M&A Report, produced with EMIS Insights, highlights the latest trends shaping investment in the region: 💡 Energy & Utilities: Renewables drive a 162% surge in deal value, reinforcing the sector’s strategic importance. 💡 Healthcare & Pharmaceuticals: Aging populations and digital innovation fuel increased investment. 💡 TMT: AI, cybersecurity, and cloud services continue to attract capital. 💡 Real Estate & Construction: Retail and commercial assets show renewed strength. 💡 Private Equity: Family offices and strategic investors lead mid-market acquisitions. With a stable economic outlook and sectoral growth, CEE remains a key destination for M&A activity: https://lnkd.in/gkTwrRcD #CMSlaw #CEEDeals #EmergingEurope Marija Zrno Prošić, Karmen Sinožić, Mario Vrdoljak, Manuel Kralj, Antonia Mihaljević, Dina Celikovic