Regional news: Croatia

Agrokor granted Chapter 15 protection in New York

A New York bankruptcy court has granted Chapter 15 protection to Croatian conglomerate Agrokor, but reserved a decision on whether to recognise and enforce the group’s settlement agreement in the United States.

24 September 2018

Agrokor goes to New York

One week after creditors voted to accept its settlement plan, Croatian conglomerate Agrokor has filed for Chapter 15 protection in New York.

13 July 2018

Creditors approve Agrokor plan

Creditors of Croatian conglomerate Agrokor have voted in favour of a settlement plan, as its advisers hail “Europe’s biggest and most complex restructuring in recent years” - one likely to take 70,000 extra steps to implement once it becomes effective.

05 July 2018

Slovenia’s highest court declines to recognise Agrokor proceedings

Slovenia’s Supreme Court has rejected a request to recognise the extraordinary administration proceedings of neighbouring Croatia’s Agrokor conglomerate as a foreign insolvency proceeding.

20 March 2018

Agrokor appoints new manager as Sberbank fails to end arbitration stay

One week after Ante Ramljak stepped down as the restructuring manager of Croatian conglomerate Agrokor, the Commercial Court in Zagreb has appointed businessman Fabris Peuško as his replacement.

02 March 2018

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

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).

09 November 2017

Serbian court rejects Agrokor recognition request

A Serbian court has rejected a request from the official receiver of Croatian food conglomerate Agrokor to recognise insolvency procedures for the company set out in an emergency law passed by the Croatian parliament in April.

05 September 2017

Agrokor restructuring handed to Croatian state

The Croatian state last week took control of the restructuring of Agrokor, Croatia’s largest private company and one of the biggest employers across the entire Balkan region, using a procedure set out in an emergency law adopted just one day earlier.

10 April 2017

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