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.
Extraordinary Commissioner for Agrokor Ante Ramljak submitted his irrevocable resignation
21. Feb 2018.
The Extraordinary Commissioner for Agrokor Ante Ramljak submitted his irrevocable resignation to the Prime Minister of Republic of Croatia yesterday. Ramljak explained the reason for submitting the resignation with the following words: “Together with my associates and the employees of Agrokor I have stabilized the business activities, we have preserved jobs, prevented the suppliers from…
Address by the Extraordinary Trustee to the Parliamentary Committee on the Economy
15. Feb 2018.
Esteemed Members of the Board, dear Members of Parliament, Ladies and Gentlemen, At the time Ivica Todorić on Friday, April 7 last year together with all Members of the former Management Board signed the request to activate the Extraordinary Administration Procedure at Agrokor I was on vacation in Split. This is where the call on…
Executive Director of AlixPartners And Main Restructuring Adviser: ‘There Is Not Much Time Left To Save Agrokor But I Believe In Success’
11. Feb 2018.
published in: Jutarnji List, by Viktor Vresnik, 10 February 2018 Whoever visited old Agrokor, at Cibona’s Tower in the center of Zagreb, will immediately experience the gravity of the upcoming changes in the Spartan business building in the industrial zone Žitnjak, where today’s company is headquartered. “Get upstairs on the first floor, then turn left,” the…
Notice to creditors of Agrokor d.d. and all of its controlled and related companies – Creditors change
09. Feb 2018.
In accordance with the Statement of reasons of the Commercial Court of Zagreb in the Court Order on Determined and Contested claims dated 15 January 2018 (page 635), the said Court Order shall not be corrected in case there is a change of creditors of registered claims. The abovementioned creditor changes, that the Extraordinary Commissioner…
Statement by the members of the Temporary Creditors’ Council
05. Feb 2018.
Following comments on the Extraordinary Administration procedure in Agrokor as reported in the media, the Temporary Creditors’ Council wishes to communicate: Creditors of Agrokor have invested substantial funds in Agrokor and together with the Extraordinary Administrator and the engaged advisers of Agrokor they are focused on avoiding of the bankruptcy scenario and on recovery of…
Invitation to creditors
01. Feb 2018.
Agrokor d.d. Marijana Čavića 1 10000 ZAGREB EXTRAORDINARY COMMISSIONER INVITIATION TO CREDITORS By the order of the Commercial Court of Zagreb of 15 January 2018, file no. 47. St-1138/17, under item I of the dispositive part, claims of creditors of the second higher payment priority ranking in the Extraordinary Administration Proceeding against the debtor…
Statement by the members of the Temporary Creditor’s Council
31. Jan 2018.
Following media comments on engagement of advisers in the extraordinary management procedure in Agrokor, the members of the Temporary Creditors’ Council wish to communicate : Extraordinary administration procedure in Agrokor is a legally defined procedure and it is managed by the bodies prescribed by the law, incluiding clearly defined authorities of the competent court and…
Settlement Settlement Details
Creditor Groups for Agrokor’s Permanent Creditors’ Council Disclosed
26. Jan 2018.
The Commercial Court in Zagreb today published the ruling on assigning creditors to groups based on the proposal of the Extraordinary Commissioner, who acted in compliance with the obligation stipulated in Art. 18, item 1 of the Act on the Extraordinary Administration Proceeding in Companies of Systemic Importance for the Republic of Croatia, within the…
Settlement Settlement Details
Commercial Court in Zagreb Passes Ruling on Verified and Contested Claims of the Agrokor Group
16. Jan 2018.
Yesterday the Commercial Court in Zagreb passed a ruling on verified and contested claims of Agrokor d.d. creditors, published at the Court’s e-bulletin board available at the link https://e-oglasna.pravosudje.hr/?q=stecaj/9934. The Ruling states that further to the claims investigated and verified by the Extraordinary Commissioner in the amount of HRK 41.45bn and contested in the amount…
Extraordinary trustee addressed the media
21. Dec 2017.
Agrokor’s Extraordinary trustee Ante Ramljak said on Thursday after the meeting with Association of suppliers of Agrokor where he presented the draft settlement structure, that the starting positions were being taken today, that a certain group of creditors was not satisfied and that months of talks are ahead of them. “We see today that the…