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Bill on emergency receivership for ailing major companies sent to parliament

Author: Marija Šestan

ZAGREB, March 31 (Hina) - The government on Friday put forward to the parliament a bill on emergency receivership for companies vital for the national company when they run into trouble, and the basic eligibility criteria is for a company to have at least 5,000 employees and 7.5 billion kuna (a billion euro) in overdue liabilities, with receivership lasting no longer than 15 months.

(Hina) ms

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