He was speaking to the press in Zagreb after meeting with the visiting Slovenian President Borut Pahor. Both called on their respective governments to find a solution to the issue before the Bank for International Settlements in Basel.
"Croatia recognises the memorandum and acts accordingly. Not only does it recognise the memorandum, we are actively working on it," said Josipovic.
"Slovenia expects Croatia to meet its commitments from the memorandum. I'm glad we agreed in principle today that the two governments should find a solution at the bank in Basel as soon as possible," Pahor said at the joint news conference.
The memorandum of understanding on the settlement of the LB issue was signed by PM Zoran Milanovic of Croatia and Janez Jansa of Slovenia on March 11, after which the Slovenian parliament ratified Croatia's European Union accession treaty.
Under the memorandum, Croatia committed to putting on hold all legal proceedings which two of its banks, Zagrebacka and Privredna, instigated over former LB Croatian clients' transferred foreign currency savings.
Pahor's visit on Thursday and Friday coincided with today's hearing at the Zagreb Municipal Court pertaining to a suit which Privredna Banka Zagreb filed against the now-defunct LB and Nova Ljubljanska Banka over those savings. The hearing was adjourned until the word "stay" in the English-language memorandum is officially translated in order to clear up whether such legal proceedings should be stopped or suspended.