Miroljub Macesic has been Attorney – at – law since 1983. He is the founder and Senior and Managing Partner at Law Offices Macesic & Partners, Croatia. Mr Macesic has more than 30 years of professional experience, especially in corporate, maritime, banking and finance, insurance and energy law. He regularly advises both Croatian and international clients on all types of commercial, corporate, business financing, energy, competition and other related national and prevailingly international matters. He assisted in all major financings in Croatian shipbuilding and energy industry by foreign banks, major bankruptcies and restructuring proceedings. He also acts as the trial lawyer and represented major international oil trader before international court of arbitration in a complex energy dispute. Furthermore, he advises a foreign oil company in a great oil & gas joint venture investment in Croatia. Mr Macesic provided assistance to foreign clients in several energy projects in Croatia, including solar and wind investments.
Mr Macesic holds law degree from the University of Rijeka (1977). He passed the bar exam in 1979 and joined Croatian Bar Association in 1984. Mr Macesic is listed arbitrator with Croatian Chamber of Commerce, Zagreb and a member or associate of a number of Croatian and international associations including International Bar Association, International Business Law Consortium, American Bar Association and Trail Lawyers of America. He published several articles on issues relating to energy, maritime, M&A and commercial law.
Mr Macesic is fluent in English and Italian.
Energy & Natural Resources
The exploration and exploitation of oil and gas in Croatia, performed in accordance with the legal framework in force, has faced several difficulties. Consequently, the Ministry of Economy is eager to pass a new act which would facilitate the tendering process. Other developments in this sector include progress of the Plomin C tender and the discovery of new oil reserves in northeast Croatia.
Following a tender announced in October 2011, Prirodni Plin doo has begun the exploration of possible storage capabilities on the Grubiško polje field. The company has also invested in two additional wells, expected to commence operation later this year, which will add an additional 20,000 to 45,000 cubic metres an hour to the current extraction capacity of the Okoli storage facility.
A tender for exploration permits in 14 areas in northern Croatia has been annulled by the new government because the tender terms did not ensure free competition and allow all potential bidders to make serious bids. Meanwhile, the new mining regulations, which have been harmonised with EU law, will open up national oil and gas natural reserves to all interested parties for exploration and exploitation.
As Croatia is due to become a full EU member in 2013, in order to harmonise the national energy legislation with EU requirements, Parliament has passed two acts and five implementing regulations, which together make up the renewable energy legal framework. The use of alternative energy sources is one of the strategic plans outlined in the Energy Development Strategy from 2009 to 2020.
Recent amendments to the Mining Act 2009 are designed to fill the gaps in the mining legal framework that was brought into effect by the act. Among other things, they provide that owners of property damaged due to exploitation and/or exploration by natural persons and legal entities that do not hold the required permits can claim compensation. The Mining Act is designed to give control over mineral reserves back to the state.
The Croatian natural gas market comprises 3 billion cubic metres of transmitted gas, of which 65% comes from domestic production and 35% is imported. Following a report of the Energy Community Regulatory Board which identified various natural gas market shortcomings in Croatia, the government has sought to remedy these problems through various means.
At the end of 2010 the government approved 18 investment projects in the energy sector, worth a total of €3.85 billion. Key projects include the construction of the Ombla underground hydroelectric power plant near Dubrovnik, worth €130 million, and the Plomin 3 coal-based thermal power plant in Istria, worth €800 million. It is expected that public tenders for both will attract a number of domestic and international investors.
Following an offer by MOL to purchase the shares owned by the small stockholders of INA (the national oil and gas company), the Croatian Financial Services Supervisory Agency suspended trading of INA's stocks on the Zagreb Stock Exchange. The offer was seen as a hostile takeover attempt against INA as MOL failed to notify the government of its offer.
Gas operator Plinacro is due to announce an international tender for potential investors for a floating liquefied natural gas project, worth approximately €50 million. The project is a temporary solution designed to meet local market needs while an investment decision is awaited on the land-based terminal. The project has an expected capacity of six billion cubic metres of gas.
As part of its measures to combat the recession and aid economic recovery, the government has approved 18 investment projects in the energy sector, worth a total of €3.85 billion. The projects will be implemented by state-owned companies and local authorities, including Croatian national electricity company HEP, gas transmission system operator Plinacro and oil pipeline system manger JANAF.
Gas operator Plinacro is soon to announce an international tender for the preparation of a feasibility study on the Croatian route of the South Stream pipeline. Earlier this year Croatia signed a cooperation agreement with the Russian government on the construction and operation of the pipeline in Croatian territory.