ZAGREB, Feb 11 (Hina) - As part of implementation of a programme for resolving the problem of illiquidity, the Croatian Government on Thursday adopted a bill on changes to the Law on Distraint, with the aim of protecting creditors.
The changes envisage a speedier distraint procedure and better protection of creditors in carrying out compulsory auctions. According to the existing regulations of the Law on Distraint, there is still a possibility for debtors to stall the payment of debts. Today's session also discussed the final bill on islands, which will be adopted next week, once regulations on the possibility of temporary use of abandoned private houses with the protection of ownership rights have been agreed on. According to the bill, units of local self-government should be able to lease abandoned houses and business facilities, if their owners have not been using them and paying taxes for more than five
ZAGREB, Feb 11 (Hina) - As part of implementation of a programme for
resolving the problem of illiquidity, the Croatian Government on
Thursday adopted a bill on changes to the Law on Distraint, with the
aim of protecting creditors.
The changes envisage a speedier distraint procedure and better
protection of creditors in carrying out compulsory auctions.
According to the existing regulations of the Law on Distraint,
there is still a possibility for debtors to stall the payment of
debts.
Today's session also discussed the final bill on islands, which
will be adopted next week, once regulations on the possibility of
temporary use of abandoned private houses with the protection of
ownership rights have been agreed on.
According to the bill, units of local self-government should be
able to lease abandoned houses and business facilities, if their
owners have not been using them and paying taxes for more than five
years.
Some ministers believe that this regulation would be anti-
constitutional and that it should be discussed some more. Premier
Matesa agreed to the proposal but added that everybody should be
aware that ownership constitutes not only a right but also an
obligation.
The bill on islands envisages a set of measures for improving
traffic connection between islands as well as the development of
economy and infrastructure, with the aim of preventing emigration
and stimulating the return of people to islands.
Changes to the Law on Privatisation, which the Government also has
sent into parliamentary procedure, envisages, among other things,
the regulation of the Privatisation Ministry's jurisdiction in the
supervision of legal entities which resulted from the process of
transformation of socially-owned companies.
The Government today also adopted decisions on the establishment of
an honorary consulate general in the Republic Cabo Verde, to be
based in Praia, and another one in the Republic of Portugal, to be
based in Funchal.
(hina) jn rml