- 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?
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.
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