On July 29, 2020, the Slovenian Supreme Court (“Court“) reached a decision by which it ordered that the Slovenian Competition Protection Agency (“AVK“) shall restore the Croatian Agrokor d.d.’s shares in the Slovenian retailer Mercator. In its press release, the AVK stated that the decision by which it ordered the withdrawal of shares held by Agrokor was rendered in accordance with Article 201 of the Slovenian Misdemeanor Act (Zakon o prekrških) in 2019. Article 201 enshrines that anyone’s property may be confiscated in cases there is likelihood of the perpetrator hiding or fleeing the country during the procedure before the […]
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Although it seemed that the tension over Lex Agrokor had somewhat calmed down—and that Mr. Ante Ramljak, in the capacity of extraordinary administrator by the Croatian Government, will lead the Croatian company in the forthcoming period—the public has been alarmed by the recent announcement by ex-owner, Mr. Ivica Todorić. On his personal blog, which was visited by more than 180,000 readers in the first 24 hours, Mr. Todorić, in a series of articles, criticizes the conduct of the Republic of Croatia (RC) and points to the unconstitutionality of Lex Agrokor. The Constitutional Court of the Republic of Croatia (“Constitutional Court”) […]
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