After Just 67 Years, Croatian Judiciary Terminates Lien from a Bank Liquidated in 1949

By 22 May 2016

Croatian judiciary is indeed getting faster and faster.

The Municipal Civil Court in Zagreb announced a decision terminating a lien issued by the Croatian Catholic Bank on properties in the northwest part of Zagreb which were claimed between 1931 and 1943. This would not be anything strange if the bank weren’t liquated 67 years ago, reports on May 22, 2016.

The decision followed a proposal made by the City of Zagreb which asked the court to terminate the lien so that it could sell the property which includes fields and gardens of about 1,400 square metres in the Rudeš neighbourhood.

According to documents from 1931 and 1936, the Croatian Catholic Bank had a lien on this property in the amount of 93,000 dinars (about 1,600 dollars), and additional 240,000 dinars from the times of the Independent State of Croatia.

The Croatian Catholic Bank was founded, according to historical documents, by the decision of the Royal Court which on 4 May 1907 announced that the bank had been registered at the commercial registry. The bank was registered for all regular banking operations.

The bank operated even after the Second World War, and in 1945 it received a decision by the Ministry of Finance which allowed it to continue with its business operations. However, the government appointed an interim director next year, and on 17 November 1949 the Yugoslav National Bank announced that the liquidation of the Croatian Catholic Bank had been completed by a final court decision.

The decision of the Municipal Civil Court in Zagreb on the termination of the lien of the Croatian Catholic Bank was announced on 19 May 2016, just one day before the 85th anniversary of the receipt of the first lien issued by the long-liquidated bank. That happened on 20 May 1931.

And some people still dare to say that Croatian judiciary is too slow!