The High Court in Zagreb rejected the appeal lodged by Brodogradilište specijalnih objekata (BSO) against the ruling on the suspension of the bankruptcy proceedings. This judgment is crucial as it confirms the legal framework within which the company must operate to avoid bankruptcy, while simultaneously opening the way for a restructuring of its operations. The court thereby confirmed that the procedure is no longer being conducted within the framework of bankruptcy, but continues ex officio, which is a key turning point in the attempt to save the company.
A key step in the rescue of BSO is the fact that the Ministry of Defence has removed three patrol boats from the company's asset list. The ministry has instead registered the state as the owner of these three vessels. This change in ownership structure is crucial for stabilising operations, as it relieves the company of the burden associated with these specific ship units. It is precisely this legal and asset restructuring that is a prerequisite for the company to continue operating and to emerge from the crisis.
On the other hand, the remaining assets of BSO consist of three unfinished patrol boats. For the company to survive and emerge from the current crisis, it is necessary to secure at least 14 million euros. This amount is crucial for securing liquidity and for the continuation of work on the remaining projects, which is a condition for the company's survival in the current economic environment.
