diff --git a/openpype/client/server/conversion_utils.py b/openpype/client/server/conversion_utils.py
index 2dca9ad57d..f67a1ef9c4 100644
--- a/openpype/client/server/conversion_utils.py
+++ b/openpype/client/server/conversion_utils.py
@@ -667,6 +667,9 @@ def convert_v4_representation_to_v3(representation):
             _c_folder = context["folder"]
             context["asset"] = _c_folder["name"]
 
+        elif "asset" in context and "folder" not in context:
+            context["folder"] = {"name": context["asset"]}
+
         if "product" in context:
             _c_product = context.pop("product")
             context["family"] = _c_product["type"]