MOST IMPORTANT NOVELTIES IN BANKRUPTCY ACT OF 2015

Authors

  • Jasnica Garašić Faculty of Law University of Zagreb

DOI:

https://doi.org/10.30925/zpfsr.38.1.5

Keywords:

pre-bankruptcy proceedings; imminent insolvency; a creditor with right to separate satisfaction (a secured creditor); bankruptcy plan; international bankruptcy; Bankruptcy Act of 2015

Abstract

This paper gives the analysis of the most important novelties that the new
Bankruptcy Act of 2015 brought into Croatian bankruptcy law. The author points at
many contradictory, imprecise and defective provisions of the new Bankruptcy Act,
especially provisions regarding a pre-bankruptcy reason (ground), pre-bankruptcy
proceedings, advance payment for the costs of bankruptcy proceedings, appointment
of bankruptcy administrators (bankruptcy trustees), action to contest legal transactions
of the debtor, liquidation of objects on which the right for separate satisfaction exists,
bankruptcy plan, group of companies (connected companies), bankruptcy proceedings
against liquidation estate and international bankruptcy. Due to numerousness of
the defective legal solutions and disturbing easiness with which some of the basic
principles of bankruptcy law and civil procedure law generally have been directly
broken, it is necessary to prepare new legal provisions that shall change and amend
the Bankruptcy Act of 2015.

Additional Files

Published

2020-11-16

How to Cite

Garašić, J. (2020). MOST IMPORTANT NOVELTIES IN BANKRUPTCY ACT OF 2015. Collected Papers of the Law Faculty of the University of Rijeka, 38(1), 131–184. https://doi.org/10.30925/zpfsr.38.1.5

Issue

Vol. 38 No. 1 (2017): Collected papers of the Law Faculty of the University of Rijeka

Section

ARTICLES

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