The Memorandum of Agreement (MoA) between the Croatian and Slovenian governments initialled on Thursday in Zagreb, consists of an agreement to put the issue of the now defunct Ljubljanska Banka (LB) within the framework of succession and court suits by Croatian banks over transferred savings will be adjourned and the Slovenian government will immediately launch parliamentary procedure to ratify Croatia's EU accession treaty.
The MoA was agreed to in order to find an all-encompassing and expedient solution to this question.
In that regard, negotiations will continue under the auspices of the Bank for International Settlements (BIS) in Basel on the trail of the agreement on succession.
The Croatian government will ensure that court proceedings that two Croatian banks (ZaBa and PBZ) filed over transferred savings, be adjourned while the Slovenian government will ensure that the Ljubljanska Banka as the respondent agrees to the adjournment. In addition, Croatia will not initiate any new suits in this regard.
The Slovenian government obliges to immediately initiate the process of ratification of Croatia's accession treaty to the European Union with the aim of completing the process as soon as possible after this memorandum is signed.
The memorandum will go into force two days after the governments inform each other that they have completed their side.
The prime ministers of both countries will sign the memorandum written in English, the text of the memorandum reads.