News

Commercial Court in Zagreb prolonged the Extraordinary Administration Proceeding by three months

In the Extraordinary Administration Proceeding over the debtor Agrokor and its controlled and affiliated companies, the Commercial Court of Zagreb has issued a decision prolonging the Extraordinary Administration Proceeding by another three months, calculating from 10 April 2018.

The Extraordinary Commissioner of Agrokor has submitted a proposal to the Commercial Court of Zagreb on 6 April 2018 that the Extraordinary Administration Proceeding be prolonged by another three months, while the reasoning for the submitted proposal for prolongation states that creditors require additional time to finalize the text of the settlement.

The proposal was submitted pursuant to Article 43 paragraph 2 of the Law on Extraordinary Administration Proceeding in Companies of Systemic Importance for the Republic of Croatia.