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UK High Court recognises Agrokor’s foreign proceedings in landmark ruling

By Benjamin Clarke

09 November 2017

UK High Court recognises Agrokor’s foreign proceedings in landmark ruling Zagreb, Croatia iStock.com/Dreamer4787

In the first judgment of its kind, the High Court in London has approved an application to recognise Croatian conglomerate Agrokor’s “extraordinary administration proceedings” as a foreign proceeding under the UK’s Cross-Border Insolvency Regulations (CBIR).