A bill on systematically important companies known as Lex Agrokor will be on the government's agenda on Friday and sent to parliament for fast-track procedure, its aim being the preservation of the country's economic system, the Bridge party said on Thursday, adding that it pushed for dividing the ailing Agrokor retailer into several companies.
The ruling Croatian Democratic Union and Bridge as well as the economy and justice ministries are finalising the bill which parliament, if necessary, could discuss as early as Saturday.
Delays could only make the situation more difficult given that the Orbico company has issued a due bill of HRK 10 million to Agrokor and others could follow suit, Bridge said.
Agrokor owner Ivica Todoric must not participate in a caretaker management and the retailer's restructuring, after which he should no longer be involved in Agrokor's management and ownership because his management policy has brought the whole economic system in danger, Bridge said.
Over the course of a year-long restructuring and settlement with creditors, Agrokor should be divided into a number of companies so that all other Croatian companies could be competitive on the market of Agrokor's companies, Bridge said.
Agrokor's current problems could be solved with the new law so that fresh capital was injected in it and so that suppliers were paid and given the possibility to continue to operate and keep jobs, Bridge said, adding that if necessary, Todoric's private assets could be seized to pay off Agrokor's debts.