The Commercial Court in Split opened proceedings on 29 September. Two competing insolvency applications had been withdrawn. Domagoj Poljak was appointed administrator on 2 October—but successful restructuring is not yet assured.
The application has become an opened proceeding
The Commercial Court in Split opened pre-insolvency proceedings over Studenac d.o.o. on 29 September 2026 in decision St-431/2026-20. The story is therefore no longer only about an application, but about formally opened proceedings.
Croatia's predstečaj procedure provides a framework for reorganising obligations before possible insolvency. Opening it does not mean restructuring has already succeeded, nor does it mean every shop will close.
The other two applications were withdrawn
A&G LOGISTIKA 01 withdrew the insolvency applications registered as St-432/2026 and St-433/2026. The court discontinued both cases on 29 September, so they no longer prevented the pre-insolvency proceeding from being opened.
The earlier account of three parallel files was accurate on 26 September but became outdated. Withdrawal does not by itself prove that all debts were paid or that agreement was reached with every creditor.
Why the court opened proceedings
Studenac relied on imminent inability to pay. The court requested additional documents and later said the requested material had been submitted.
A FINA certificate dated 24 September showed one day of continuous account blockage, which the court treated as grounds for pre-insolvency. This is dated procedural evidence, not a live account status on 4 October.
A new administrator since 2 October
The court initially appointed Nikola Božiković. At his request it relieved him on 2 October and appointed Domagoj Poljak instead. Božiković said he had advised creditor DREAMLAND in collecting a claim against Studenac.
The court considered that earlier connection sufficient reason for a change to ensure independent and impartial conduct. The decision does not allege a criminal offence. Handover was ordered within three days.
What creditors must do next
Creditors must file claims with FINA on the prescribed form within 21 days of service of the decision. The period does not begin when somebody reads an online news report.
The claims examination hearing is scheduled for 10 February 2027 at 9:30 am at the Commercial Court in Split. Deadlines can change, so affected businesses should monitor the file and their own legal duties; this article is not legal advice.
What customers can—and cannot—infer
The court decisions govern the proceeding, not the opening hours of every shop. They prove neither a chain-wide closure nor a guarantee of stock, jobs or every future delivery.
The implications are broader for employees, landlords and suppliers than for shoppers. Opening proceedings creates a framework, but does not confirm a viable plan or the required approvals. Later court documents will matter.
Which earlier report this article replaces
The article was first published on 26 September and fully updated on 4 October. The application stage remains part of the chronology but is no longer the current headline. The new status is based directly on the decisions of 29 September and 2 October.
We do not call the process final or legally conclusive: both decisions contain appeal instructions. Nor do we claim the outcome is settled. The public court file remains authoritative.
Evidence
Sources & date
Sources support the facts. Planning notes and recommendations are Golden Beach editorial assessments.
- Studenac d.o.o. – publications of the Commercial Court in SplitCourts' electronic noticeboard · 23–26 September 2026Overview of files St-431/2026, St-432/2026 and St-433/2026 and their current publication status
- Decision in case St-431/2026 of 24 SeptemberCommercial Court in Split · 24 September 2026Deadline and requested additions to Studenac's application; proceedings not yet opened
- Decision in case St-431/2026 of 25 SeptemberCommercial Court in Split · 25 September 2026Request for a response to the creditor's submission; no decision on the merits yet
- Insolvency ActZakon.hr / Narodne novine · current version; checked 26 September 2026Purpose and requirements of pre-insolvency and insolvency proceedings
- Studenac applies to open pre-insolvency proceedingsJa Trgovac / Studenac statement · 24 September 2026The company's reasoning and statement on continued branch operations and employment
- Important notice for union members at StudenacTrade Union of Croatian Retail Workers · September 2026; checked 26 September 2026Employee rights, collective agreement and temporarily unchanged status
