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.
NOTICE TO CREDITORS OF FULLY OR PARTLY CHALLENGED CLAIMS
21. Dec 2018.
Creditors of fully or partly challenged claims are urged to provide proof by 15 January 2019 to the Extraordinary Commissioner as to whether they have within the allowed statutory deadline initiated or continued civil proceedings to establish their challenged claim against the company Agrokor d.d. or any of its subsidiary or affiliated companies subject to the Extraordinary Administration Procedure as founded.
The provision of Art. 35, item 1 of the Act on Extraordinary Administration Proceedings in Companies of Systemic Importance to the Republic of Croatia stipulates that a person referred to civil proceedings shall be considered to have waived the right to litigate if the lawsuit is not filed within the statutory deadline, the consequence thereof being the loss of right to recovery.
Therefore the Creditors of challenged claims are cautioned that, unless they submit evidence of the timely brought or continued litigation by 15 January 2019, they will not be entitled to the recovery of their claims pursuant to Art. 23.5. of the Settlement Plan.
Kindly submit the evidence on timely brought or continued civil proceedings for establishing the challenged claim as founded to the email address email@example.com or to the address Agrokor d.d., Marijana Čavića 1, 10000 Zagreb, by 15 January 2019.