The final part then comments those key problems and dilemmas that still hinder the proper development of the local leasing industries yet which have been largely bypassed. Secondly, comparative law is as well resorted to yet contrary to European approaches with more insight into the solutions of the United States as the jurisdiction where from leasing originates. It is claimed that some of the key problems have not been eliminated from the legal system ever since, in particular the problems with repossession upon default. This is done, first, by sketching the experiences with and the judicial responses to a few unreported first generation leasing cases from Voivodina (Serbia) from the end of the 1980s to determine what main problems the lessor faced in implementing their leasing construction. The article aims to identify and comment those common deficiencies of the leasing laws of this niche of Europe that have so far been neglected yet the tackling of which is inevitable to boost the local industries. Especially small and mid-scale enterprises suffer as equipment leasing remains underdeveloped, what is a major systemic defect as bank credit is (as well) unavailable to them. This is readily proved with most recent reports of some international organizations. Notwithstanding the organic growth, the article posits, leasing is still not properly understood, the regulations suffer from gaps and are inappropriate to boost the local leasing industries. By now leasing has become an important part of most jurisdictions of the region. Although the process began already before the 1980s, one could speak of real expansion only from the 1990s on.

This resulted in significantly differing leasing laws in the region. Western European banks expanding to the region then brought with them their home country perceptions. The bank said last month that its annual loss would swell to 'significantly more' than 1 billion euros due to rising bad debt provisions in countries including Croatia, Bulgaria and Ukraine.The hybrid contract known in the much of Continental Europe as leasing has arrived to the Balkans and other post-socialist countries of Europe from the United States yet with the intermediation of various western European jurisdictions that have reshaped the contours of the newcomer transaction to fit the context. It has branches in Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Germany, Hungary, Italy, Macedonia, Montenegro, Serbia, Slovenia and Ukraine. Hypo Alpe Adria has an extensive presence in Southeastern Europe and employs around 8,000 people. BayernLB has itself already been bailed out by German taxpayers through a 10 billion euro capital injection as well as asset guarantees.

'BayernLB's contribution was a necessary element of the restructuring,' he added. 'With this agreement, the Republic of Austria and the other shareholders in Hypo Alpe Adria have succeeded in stabilizing a bank that is systemically important for Austria and Southeastern Europe,' said Georg Fahrenschon, chairman of the BayernLB board and Bavarian state finance minister. In total, the agreement will reportedly lead to write-downs of 2.3 billion euros for Munich-based BayernLB. In a brief statement, state-controlled BayernLB said it will maintain liquidity lines to Hypo Alpe Adria and will waive around 825 million euros ($1.21 billion) of receivables that it had been owed by the Austrian bank.

The Austrian government said it has bought German bank BayernLB's 67.08% stake in Hypo Alpe Adria for 1 euro.

Hipo alpe adria