The plan was adopted by a majority of votes, and the decision on the adoption will be officially announced on 16 March at a special court hearing, Rijeka Commercial Court bankruptcy judge Daniela Korlevic said after today's assembly.
After that, parties in the proceedings will have the right to lodge an appeal with the High Commercial Court in Zagreb against the decision.
The decision was hailed by 560 workers employed with the shipyard, while sub-contractors had a grudge against this plan which meant that their claims would not be covered.
The decision also greenlighted the government's plan to sell its claims of 326 million kuna from Lenac to Uljanik and Tankerska Plovdba at the price of 10 million kuna. The two companies have undertaken to invest an additional 58 million kuna.
In this way, Uljanik, which also bought claims of IFC and DEG and Tankerska Plovidba, will hold 60.4 percent in Lenac's stock capital.
In addition, other entities holding shares in the Viktor Lenac shipyard are the Croatian Bank for the Reconstruction and Development (HBOR) (16.08 percent), Croatia Osiguranje (2.3 percent), the Development and Employment Fund (3.9 percent), the Croatian Privatisation Fund (9.4 percent) etc.
This shipyard for building and overhauling ships has been in bankruptcy proceedings since 2003.
Last year, the company had a 'positive zero' in its business performance and succeeded in covering all the current obligations.