Based on appeals filed by the shipyard's creditors, the High Commercial Court today quashed a ruling of the Commercial Court from March this year accepting the company's bankruptcy plan.
Sanader told workers that the government would support the shipyard and its workers.
The government will continue cooperating with the bankruptcy administrator, the shipyard's new owners and trade unions in order to find a new solution to this situation as soon as possible, Sanader said.
The shipyard will survive and jobs will be kept, he said.
Bankruptcy administrator Ombretta Belic Ilijasic told reporters that the High Commercial Court had accepted appeals by 51 creditors seeking around 40 million kuna from the shipyard.