Legal News

Croatian company’s application recognised as ‘foreign proceeding’ in UK (Re Agrokor)

Published on: 28 November 2017
Published by: LexisPSL
  • Croatian company’s application recognised as ‘foreign proceeding’ in UK (Re Agrokor)
  • Original news
  • What was the background to the case and the issues arising within it that were pertinent to insolvency professionals?
  • What did the court decide, and why?
  • To what extent is the judgment unhelpful, and what practical lessons are there to be learned?

Article summary

Restructuring & Insolvency analysis: In Re Agrokor, the Companies Court had to decide whether to recognise a Croatian extraordinary administration proceeding as a ‘foreign proceeding’ despite, for the first time in an English court, the recognition application being contested by a creditor. or take a trial to read the full analysis.

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