Regulatory Alerts2013-01-01
Law on the Takeover of Joint Stock Companies – Unofficial Consolidated Text (NN, Nos. 109/07, 36/09, 108/12 and 148/13)
The Republic of Croatia’s Financial Services Supervisory Agency issued this Law on the Takeover of Joint Stock Companies to transpose EU Directive 2004/25/EC and establish a unified regulatory framework for mandatory and voluntary takeover bids. The legislation defines target companies, offerors, acquirers, and persons acting in concert, while mandating a 25% control threshold that triggers compulsory bid publication and ensuring equal treatment for shareholders of the same class. It further prescribes strict disclosure timelines, voting rights calculations, and supervisory oversight to prevent market disruption and guarantee efficient corporate restructuring.
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