The process of reaching a settlement under the extraordinary administration procedure of Agrokor is one of the most complex in Croatia and in Europe due to the complexities of Agrokor as a business and the total amount of the debt as well as the large number of creditors, 5.700 of them. This section contains all the news on the process of reaching of a settlement for all the key stakeholders, as well as the latest details and developments.
Agrokor responded to complaints on the Settlement
05. Sep 2018.
Agrokor submitted on 4 September 2018 to the Commercial Court of Zagreb a response to appeals lodged against the order confirming the Settlement Plan of 6 July 2018.
Following the principle of efficiency and in order to avoid unnecessary repetitions, Agrokor decided to respond to all 92 complaints with one submission which the Commercial Court published on the court’s bulletin board: e-oglasna.pravosudje.hr .
In its response, Agrokor stated that the first instance Court correctly and completely determined all the relevant facts and has correctly applied the law on the facts so determined, that the confirmation order is valid and has a complete statement of reasons and that no breaches of a procedural nature occurred in the issuance thereof.. Following the above, Agrokor considers the order of the first instance Court to be correct and lawful