Autorica u članku analizira položaj Dubrovnika u prvoj fazi protudvorskog pokreta (1384. – 1390.). Razmatra odnos između Dubrovnika, ugarskog vladara i krune Sv. Stjepana u vremenu dinastičkih borbi i velikaških ambicija, a osobito obrađuje problem stupanja Sigismunda Luksemburškog (1387. – 1437.) na ugarski tron. ; The period of rule of the Hungarian-Croatian king Louis Anjou (1342-1382) is considered by the historiography as a golden age of Croatian medieval history. Croatia and Slavonia regained connection with the Dalmatian towns and Dubrovnik for the first time became part of the Hungarian kingdom. The whole kingdom and especially towns on the eastern Adriatic coast went through a period of positive economic growth. After the death of the king Louis Anjou the situation in Croatia, Slavonia and Dalmatia changed. The question of legitimacy of king’s rule appeared and dynastic and other political struggles intensified. In such situation it is interesting to follow the position of Dubrovnik as king’s stronghold at the southernmost end of the kingdom. Dubrovnik led a balanced policy. It proclaimed its loyalty to the crown and then to the king with the legitimate right to carry St Stephen’s crown. Leading circles in Dubrovnik were well aware of the positive side of king’s supreme protection and they used this circumstance to widen town’s autonomy, enlarge the territory under its control and achieve economic prosperity. Such relation toward the ruler later became part of the Dubrovnik’s political ideology.