Reciprocity Agreement With Croatia

Another problem arises with regard to the validation of contracts already concluded. Even the term «convalidation» (derived from the Latin word «revaleszent,» which means to strengthen, refresh[28] means further strengthening of zero-right activity by completing the missing formalities. In accordance with Article 60, paragraph 2, of the ASA, the Republic of Croatia has made a commitment to «allow nationals of EU Member States to acquire real estate in Croatia, as well as the full and targeted application of existing procedures, with the exception of the areas and issues mentioned in Supplement VII.» (Aid exempts agricultural land and areas protected by the Nature Protection Act from general rules on the acquisition of securities for foreigners, without mentioning woodlands and wooded areas). Foreigners were denied the opportunity to acquire forest properties as a result of the implementation of the Forest Law Amendments Act (Official Journal 13/02), i.e. since 16 February 2002. Zrinka Buljan is a qualified lawyer who has found herself perfectly in the dynamism of the atmosphere of the real estate market. With an open and tolerant working attitude, she creates the opportunity to be an ambitious and clear girl, with intelligent choices and quick answers, and always offer a number of different solutions. Zrinka enjoys her daily activities and feels that a good job is a job done. [24] It should be noted that foreigners were denied the opportunity to acquire forest ownership after the signing of the ASA, that is, after the Forest Amendments Act came into force (February 16, 2002), but since the ASA is an international agreement that does not provide for this prohibition, the ASA prevails over national laws, so that the aforementioned prohibition is no longer applicable. This paper analyses the legislation governing the issue of foreign individuals and corporations acquiring property ownership in the Republic of Croatia, particularly following legislative amendments adopted on 1 February 2009. It also highlights some of the dilemmas that arise in practice because of the differences in interpretation of the provisions of the Property Act and the other law and the Agriculture Act regarding the possibility for foreigners to acquire title to farmland on the basis of other legislation, such as the right of succession, the right to inheritance, the right or the final decision.