5.  The applicant carried on business with a socially-owned company, HK “Viskoza a.d.-Celvlakno a.d” from Loznica (hereinafter: “the debtor”), which appeared to have failed to pay a certain invoice. 6.  On 5 March 2003 the applicant filed an application for the enforcement of that invoice with the Valjevo Commercial Court. 7.  On 11 March 2003 the Valjevo Commercial Court issued an enforcement order, by virtue of which the debtor was ordered to pay the applicant 2,669,582.39[1] Serbian dinars (RSD), plus statutory interest as of 21 March 2001 and costs of enforcement proceedings. 8.  On an unspecified day this decision became final. 9.  On 24 November 2003 the enforcement proceedings were stayed, due to the restructuring of the debtor. 10.  On 29 May 2009 the enforcement proceedings were continued. 11.  On 11 June 2009 insolvency proceedings were initiated against the debtor and the Privatisation Agency was appointed to be the insolvency administrator. The insolvency proceedings against the debtor are still ongoing. 12.  On 17 March 2010 the Valjevo Commercial Court recognised the applicant as a secured creditor (razlučni poverilac). 13.  On 15 January 2013 the applicant was partially settled in the amount of RSD 1,178,784.52[2]. 14.  The remainder of the final court decision of 11 March 2003 remained unsettled.