The Zenica Municipal Court in Bosnia and Herzegovina has ruled to initiate bankruptcy proceedings against the Zenica steel plant.
According to the court ruling, bankruptcy proceedings over the company’s assets officially began at 15:00 on August 12, 2026. Jasmin Hadžirašidović was appointed as the company’s bankruptcy administrator.
Under the ruling, creditors have been requested to submit their claims against the company to the Zenica Municipal Court within 30 days of the decision’s publication in the Official Gazette of the Federation of Bosnia and Herzegovina. Creditors must also notify the bankruptcy administrator of any security interests they hold over the company’s assets within the same period.
The court also ordered parties indebted to the Zenica steel plant to fulfill their obligations without delay. Third parties holding company assets or documents have likewise been instructed to hand them over to the company.
In line with the ruling, the phrase “in bankruptcy” will be added to the company’s name in the commercial register. The bankruptcy administrator will be registered as the person authorized to represent the company, replacing the current manager. The land registry and cadastral authorities where the company’s real estate is registered have also been instructed to record the bankruptcy decision.
A hearing to examine creditors’ claims and assess the company’s situation has been scheduled for December 8, 2026, at 10:00 at the Zenica Municipal Court.
The decision to initiate bankruptcy proceedings will be published on the court’s notice board and website, as well as on the website of the relevant institution. The operative part of the decision will also be published in the Official Gazette of the Federation of Bosnia and Herzegovina.
