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Agrokor Chapter 15 court “resolves” Gibbs quandary

By Douglas Thomson

25 October 2018

The US court hearing Croatian conglomerate Agrokor’s Chapter 15 proceedings has approved its state-orchestrated settlement plan, dismissing concerns that the English Gibbs precedent may not allow English courts to follow suit given the group’s €1.66 billion in English law-governed debt.

Agrokor Chapter 15 court “resolves” Gibbs quandary Skyline of Zagreb, Croatia (Credit: iStock.com/isacic)