Maric & Co Law Firm: Establishing Court Practice

Maric & Co Law Firm: Establishing Court Practice

Branko Maric, senior partner at Maric & Co Law Firm, has represented Intesa Sanpaolo Bank d.d. Bosnia and Herzegovina in a court dispute against the Agency for Privatisation of Sarajevo Canton and the Sarajevo Canton, due to a refund of the purchase price for cancelled privatisation process.

It was not a challenge to convince the court on the Agency’s obligation to repay the purchase price, however, that would not be of great value for the client because the Agency did not have its own resources to settle the claim.

Even though the relevant law does not regulate direct responsibility of the Sarajevo Canton for commitments of the Agency, Branko has managed to obtain a court decision saying that the Sarajevo Canton has a joint and several liability for the Agency’s commitments, which finding is of great importance for this and all similar cases. Although Sarajevo Canton has appealed the first instance judgement, now it has agreed to make a settlement in the second instance procedure and accepted to repay the purchase price with interest to Intesa Sanpaolo Bank where the Sarajevo Canton has definitely confirmed its responsibility for the commitments of the Agency.

Branko Maric, senior partner at Maric & Co Law Firm, has represented Intesa Sanpaolo Bank d.d. Bosnia and Herzegovina in a court dispute against the Agency for Privatisation of Sarajevo Canton and the Sarajevo Canton, due to a refund of the purchase price for cancelled privatisation process.

It was not a challenge to convince the court on the Agency’s obligation to repay the purchase price, however, that would not be of great value for the client because the Agency did not have its own resources to settle the claim.

Even though the relevant law does not regulate direct responsibility of the Sarajevo Canton for commitments of the Agency, Branko has managed to obtain a court decision saying that the Sarajevo Canton has a joint and several liability for the Agency’s commitments, which finding is of great importance for this and all similar cases. Although Sarajevo Canton has appealed the first instance judgement, now it has agreed to make a settlement in the second instance procedure and accepted to repay the purchase price with interest to Intesa Sanpaolo Bank where the Sarajevo Canton has definitely confirmed its responsibility for the commitments of the Agency.