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Round table: Pre-bankruptcy settlement law mostly failed to meet its goal

ZAGREB, Dec 11 (Hina) - The law on financial operations and pre-bankruptcy settlement has mostly failed to fulfil its objective -- it has failed to improve the performance of the companies concerned and to ensure their thorough restructuring, settlements are threatening the assets of both the creditors and the debtors, and in case of many companies that have reached a settlement there is no guarantee that they will be successful in their further operation, a round-table discussion organised by Banka business magazine said on Wednesday.

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