Under the law banning the ownership and take-over of assets by specific legal persons on Croatian territory, legal persons from Serbia and Montenegro do not have the right to own the real estate in Croatia over which they have the right of use, i.e. the real estate which under the said law is owned by the Croatian Privatisation Fund.
The issue of property-rights relations in the case of property of legal persons which used to be socially owned and which is located in Croatia or Serbia and Montenegro is yet to be regulated by the two countries, the government said in a statement.
This issue should be settled by signing a bilateral agreement in accordance with the principles of Annex G to the Agreement on Succession Issues.
An initiative was launched recently to start talks on the conclusion of such an agreement.