Still Waiting for Bill on Acquisitions to be Passed

Ljubljana, 2 March - TOPIC/WEEK
While foreigners are showing growing interest in direct and portfolio investments in Slovenia and the privatization is entering its final stage, Slovenia is still without a suitable legal framework to regulate privatization structures in companies. This situation is mostly due to a bill on takeovers that has not been passed yet and is to be discussed by the National Assembly. The bill is to provide a systemic legal framework for takeovers, including domestic and foreign legal as well as natural persons. Falling under the legislation will be companies which went public and are authorized by the Agency for Security Market and Public Offer. Shares to fall under the bill are usually transferrable on the stock exchange, while non-transferable shares are not to be regulated by it.