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.

Commercial Court in Zagreb prolonged the Extraordinary Administration Proceeding by three months

In the Extraordinary Administration Proceeding over the debtor Agrokor and its controlled and affiliated companies, the Commercial Court of Zagreb has issued a decision prolonging the Extraordinary Administration Proceeding by another three months, calculating from 10 April 2018.

The Extraordinary Commissioner of Agrokor has submitted a proposal to the Commercial Court of Zagreb on 6 April 2018 that the Extraordinary Administration Proceeding be prolonged by another three months, while the reasoning for the submitted proposal for prolongation states that creditors require additional time to finalize the text of the settlement.

The proposal was submitted pursuant to Article 43 paragraph 2 of the Law on Extraordinary Administration Proceeding in Companies of Systemic Importance for the Republic of Croatia.

Other news

Agrokor
Extraordinary Administration Procedure closed, Agrokor erased from Court Registry
13. Oct 2022.
Pursuant to the published final ruling of the Commercial Court of Zagreb, the Extraordinary Administration Procedure in Agrokor has been closed and Agrokor d.d. has been erased from the Court Registry. With its Ruling dated 19th July 2022 the Commercial Court of Zagreb has established that with the legally effective amalgamation of 46 non-viable companies…
Agrokor
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…
Agrokor
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…