13/07/2017 (Agence Europe) – On Thursday 13 July, the European Commission decided to formulate proceedings for a failure to fulfil an obligation against Croatia. This decision was made because the latter has failed to amend its 2002 law on the privatisation of the INA-Industrija Nafte d.d energy company. This law allows the state, a partial owner of the company, the possibility of making management decisions and vetoing the sales shares or assets. The fact that this right of veto is unconditional and it does not require any justification, is disproportionate, according to the Commission. The latter believes the law is therefore incompatible with the rules on free movement of capital and freedom of establishment in the Union. The Commission formulated its proceedings for failure to fulfil an obligation at the European Court of Justice but remains, “open to any efforts by the Croatian authorities to find a solution”. (LT)