Central and Eastern European Legal Materials
Croatia: Law on the Transformation of Socially-Owned Enterprises
The principal purpose of this legislation is to transform enterprises with social capital (public enterprises) into business companies. The management of the publicly owned enterprise should decide whether to transform the enterprise into a joint stock or limited liability company. Each transformation must be approved by the Agency for Reconstruction and Development. The law specifies June 30, 1992, as the date by which the transformation process should be completed.
About the Editors:
Michael Newcity is the Deputy Director of the Center for Slavic, Eurasian, and East European Studies at Duke University. Professor Newcity is a leading authority and the author of 3 books and over 50 scholarly articles offering commentary on legal activities in Russia, Eurasia and East Europe.
Original Editor: the late Professor V. Pechota, Columbia Law School.