Madirazza & Partners win the IFLR Europe 2020 Award for Restructuring Deal of the Year

Madirazza & Partners were one of the key legal advisors on the Agrokor restructuring, which has won the prestigious title of the most significant restructuring project in Europe completed last year.

It is the first time that a restructuring deal originating in Croatia has been considered as being so significant at a European level, and the first time that the combined restructuring knowledge and expertise of the law firms from several countries have been directly implemented in Croatia for the purpose of preventing the financial collapse of the largest regional company and a detrimental impact it would have on a huge number of its employees, suppliers, creditors, and other stakeholders, including the Republic of Croatia. This process included two years of intensive work under a novel Emergency Administration Act, a number of legal precedents in Croatia, the drafting of an ambitious and complex Settlement Plan, the analysis and regulation of over EUR 7 billion of claims, as well as the successful implementation of the deal to a new corporate structure under the name Fortenova.

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