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.
Settlement Settlement Details
NOTICE TO AGROKOR’S IMPAIRED CREDITORS WHO FAILED TO SUBMIT KYC FORM: The cancellation of Strips of New Instruments
07. Apr 2020.
We make reference to the Settlement Plan of Agrokor d.d. et al as confirmed by the Commercial Court of Zagreb on July 6th 2018. Impaired Creditors who were entitled to receive the New Instruments under the Settlement Plan, i.e. New Instruments Beneficiaries, were according to the Article 19.2.3 of the Settlement Plan obliged to submit…
IMPORTANT NOTICE TO AGROKOR’S IMPAIRED CREDITORS: Instructions to receive the New Instruments
18. Mar 2020.
We make reference to the Settlement Plan of Agrokor d.d. et al as confirmed by the Commercial Court of Zagreb on 6 July 2018. In order to receive the New Instruments in accordance with the Settlement Plan, all Impaired Creditors who are entitled to receive the New Instruments under the Settlement Plan must validly complete…
Agrokor surprised by the conduct of Slovenia’s Public Competition Agency (Javna agencija za varstvo konkurence)
20. Jan 2020.
Agrokor expects public authorities to provide complete information to the public, including facts and arguments presented by Agrokor in pending legal proceedings With regards to yesterday’s release published by the Public Competition Agency of the Republic of Slovenia under the title „Additional explanations related to the concentration of Agrokor AG and Ardeya Global Ltd.“, Agrokor…
Commercial Court of Belgrade dismisses Agrokor’s appeal in the procedure against Banca Intesa
10. Jan 2020.
Yesterday, 9th January 2020, Agrokor received the second instance judgment of the Commercial Court of Belgrade dismissing Agrokor’s appeal and confirming the first instance judgment of 8th March 2019, ordering Agrokor to pay to the plaintiff Banca Intesa ad, Belgrade, the amount of EUR 15.2m plus interest and to settle the costs of the litigation…
Okrajno sodišče in Ljubljana rejects Agrokor’s appeal to the AVK ruling on interim seizure of Mercator shares
07. Jan 2020.
Agrokor expresses regret over the Court’s decision and shall use all available legal means in order to achieve annulment of the Agency’s final decision and secure its ownership authorities in Mercator On 3rd January 2020 Agrokor sent letters to international rating agencies – Fitch, Moody’s, Standard&Poor’s, as well as the World Bank offices in Washington…
Agrokor reports Slovenian Public Competition Agency (Javna agencija za varstvo konkurence) to Executive Vice President of the European Commission Margrethe Vestager and market competition authorities of the EC and all EU Member States
27. Dec 2019.
On Friday, 27th December 2019, Fabris Peruško, Extraordinary Commissioner of Agrokor sent a letter addressed to Margrethe Vestager, Executive Vice President of the European Commission and Commissioner for Competition, Cecilio Madero Villarejo, Director of the Directorate General for Competition of the European Commission and heads of market competition authorities of all EU Member States and…
Agrokor d.d. has today lodged an appeal against the decision on the confiscation of shares
24. Dec 2019.
The main complaint, pointed out by Agrokor d.d. in its appeal against the decision on the confiscation of shares, is that the Agency, taking into account the circumstances of the case at hand, had no legal basis for the issuance of the decision on confiscation. The decision on the confiscation of shares is unconstitutional, arbitrary…
Slovenia unfoundedly expropriates Agrokor d.d.’s private property by interim measure of seizure of Mercator d.d. shares
18. Dec 2019.
The Public Agency of the Republic of Slovenia for the Protection of Competition (Javna agencija Republike Slovenije za varstvo konkurence (AVK)) passed a decision on December 16th, 2019 whereby it has temporarily seized the shares of Mercator d.d. from Agrokor d.d. Unprecedented in the working practice of this Slovenian regulatory agency to date, this decision…
Settlement Settlement Details
Agrokor Financial Restructuring Project Receives Prestigious International Award in Cleveland
27. Sep 2019.
On 26 September 2019 in Cleveland Fabris Peruško was presented with the Turnaround and Transaction Award (TMA) for the financial restructuring of Agrokor, proclaimed by the industry in the USA to be the most significant international procedure of its kind in the world in the ‘international transaction of the year’ category and one of the…
The Extraordinary Administration Proceedings against 22 companies of Agrokor Group has been terminated with a final effect
22. Aug 2019.
On August 21st 2019, the Commercial Court of Zagreb issued a decision declaring that the Extraordinary Administration Proceedings against 22 affiliated companies of Agrokor Group has been terminated with a final effect. Upon completion of the Extraordinary Administration Proceedings ceases the role (rights and duties) of the Extraordinary Commissioner in those companies. The registration of…