December 2 (SeeNews) - Croatia's government approved a plan to launch an early warning system for debtors in financial distress, aiming to help companies avoid bankruptcy and provide additional protection of the rights of the employees of companies in bankruptcy proceedings, justice and public administration minister Ivan Malenica said on Thursday.
The system will be introduced through amendments to the bankruptcy law which the government is proposing to parliament to approve, including re-defining of the conditions for appointing receivers at distressed companies, Malenica told a weekly cabinet meeting.
A video recording of the meeting is published on the government website.