11 May 2021
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Around 70 of Agrokor’s creditors filed appeals against the decision by the Commercial Court on the settlement plan for the group, Jutarnji List reported. Among the complainants are the Adris Group, Agrokor Small Holders Association as well as the joint complaint by Euroherc, Agram Invest and Agrolaguna. The Adris Group’s appeal has 148 pages and lists 40 specific complaints. The group claims the court’s decision is based on a false and incomplete factual situation, a misapplication of substantive law and procedural violations. It also claims it received less via the settlement than it would have if Agrokor were to go through the bankruptcy proceedings, and suggests the Court of Appeal should annul the decision and return the case to the Court of First Instance. In a joint complaint, Euroherc, Agram Invest and Agrolaguna argue that with the settlment plan the extraordinary administration declared itself independent of the Croatian legal order and became the protector of a just small group of creditors. The three complainants also assert the procedure was  not conducted in accordance with any Croatian laws, but with to the so-called “roll-up agreement”. At the same time the procedure disregards Croatian insolvency rules and the principle of honesty and conscientiousness, the joint complaint states.

Dragan Čović, the Croat member of BiH Presidency, met with the Croatian Prime Minister Andrej Plenković and the Foreign Minister Marija Pečinović-Burić in Zagreb. The meeting focused on BiH’s European perspective and its current political situation, and the views were exchanged on activities regarding the forthcoming implementation of several joint EU projects aimed at closer cooperation. At the same time, Čović affirmed the economic ties between the two countries are already strong, highlighting that the current trade between BiH and Croatia is over EUR 2bn. The discussion also touched upon the migrant crisis, which is particularly visible on BiH’s northern border with Croatia. The interlocutors assessed the need to strengthen cooperation between the competent authorities of both countries, taking into account humanitarian and security standards, in line with the interests of both countries, the wider region and the European Union. The two sides agreed the process of European integration is a priority in order to accelerate normalisation of relations within BiH. At the end of the meeting, Čović also said the Pelješac bridge construction is a project of transnational character that connects not only the Croatian territory, but also the wider region.

Adriatic Journal


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