Moratorium to be imposed on enforcement proceedings during COVID-19 outbreak

There will be no enforcement on transactions on accounts of natural persons during the coronavirus epidemic, according to the proposal made by the Croatian government.

During a conference call on Tuesday evening, the government drew up the amendments to the Act on the Execution of Enforcement over Monetary Assets,  and the proposal was sent to the parliament to address it in a fast-track procedure.

The purpose of the changes is to make it easier for individual citizens to deal with negative economic consequences of the ongoing corona crisis caused by the outbreak of COVID-19.

Also the calculation of default interest will be suspended during the same period.

Under the proposal, the moratorium will last three months, and can be extended for three more months, if necessary.

Text: Hina

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