Croatian shipbuilder Brodotrogir is seeking a court restructuring after running into financial trouble.
The commercial court in Split has begun a pre-bankruptcy procedure at the request of the company.
This is a pre-emptive move in a bid to unfreeze its bank account, the Jutarnji Vijesti website reported.
"A further blocking of the account would cause long-term insolvency, which would undoubtedly have far-reaching negative consequences for the continuation of operations, and ultimately would lead to the termination of business or bankruptcy," the newspaper cited the restructuring plan as saying.
