[stefans]

Quote

Basketball Club Red Star handed the brief to the Commercial Court in Belgrade, which requires the rejection of the bankruptcy proceedings.

As the main argument of 'red-white' alleged conflict of the Bankruptcy Law and the Law on Civic Associations.

"We filed a motion in order to dismiss the bankruptcy proceedings as illegal. We put forward the relevant arguments which justify opinion that Red Star may not be the status of the bankruptcy debtor. The laws are not harmonized, and over the Red Star must be applied both.We believe that there are strong reasons for excluding the possibility of bankruptcy of sports organizations and associations of citizens "said Mirko Pavlovic general manager of Red Star.

[stefans]

Red Star's president Vladislav Lucic Tulips and members of the Steering Committee shall submit its resignation to the executive functions at the club before arrive in club manager bankruptcy. Slowly ticking last hours for Red Star to unblock the account that is more than three years in the large debt, so that, by all accounts, the club soon, Coercive administration.

Lucic and his closest associates are aware that a Red Star in the worst situation since its founding 65 years ago, and rope management will be available to the manager bankruptcy trustee who is likely to occur these days in Club.

Red and white have recently requested the rejection of the bankruptcy proceedings, and as the main argument for that stated the "inconsistency of the Bankruptcy Law and the Law on Association of Citizens", as defined by BC Red Star Belgrade. By all accounts, the administrative maneuver failed.