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Parliament amends legislation to enable ESOP implementation

Izvor: Hina
Autor: mses
ZAGREB, June 21 (Hina) - Croatia's parliament on Thursday wrapped up its session for this week with the adoption of amendments to legislation on state property management, enabling employees in state companies to acquire shares in those companies so that they can mortgage them or acquire them with the financial assistance of the companies concerned. This paves the way for enforcing the employee stock ownership plan (ESOP).

The parliament adopted amendments to legislation on distraint and public bailiffs, postponing for the second time, that is until October 15, the beginning of the application of the new system for the seizure of someone’s property in order to obtain payment of money owed and of other outstanding liabilities.

After discussing the new bill on legalising unlawfully built structures and buildings, MPs sent this bill into the second reading.

(Hina) ms

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