Due to the Balkan Wars, Croatia began upgrading its secured transactions law with a delay. The achievements made, however, are meaningful. This includes, in particular, the enactment of the common law-inspired Law on the Registry of Court and Public-Notary Security Interests on Movables and Rights in 2006.  This act is quite far-reaching. First, it introduced a local version of the English floating charge (global or enterprise security). Second, it made negative pledge covenants and retained ownership registrable (though the latter only if valid more than a year). The registration security interests on personal property was entrusted to the newly erected quasi-governmental entity named Financial Organization (FINA), which provides also other services.

Patricia Zivkovic, Floating Security Interest – Comparative Analysis of US, English and Croatian Approaches, conference paper – Milestones of Law, Comenius University, Bratislava, Slovakia, March 2013;
– See also more generally Tibor Tajti, Post-1990 Secured Transactions Law Reforms in Central and Eastern Europe

Last Checked August 2020

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