- Medij: BetterFinance.eu
In December 2013 the subordinated bondholders in five Slovenian banks (NLB, NKBM, Abanka, Probanka and Factor Banka) were bailed-in to refinance these struggling institutions. The bail-in consisted of a complete wipe-out of all subordinated bonds with individual investors receiving no compensation and no legal means to challenge the bail-in decisions.Today the Pan Slovenian Investors’ & Shareholders’ Association (VZMD) welcomes the fact that the Supreme Court of the Republic of Slovenia joins other institutions in backing VZMD's demand for a constitutional review of the amendment of the Banking Act.
The Advocate-General of the European Court of Justice is also of the opinion that the Bank of Slovenia encroached upon the constitutionally protected right to private property through the expropriation decisions.
Please read the full press release in Slovenian on their website here.
- Medij: BetterFinance.eu
- Avtor: Better Finance
- Povezava: http://betterfinance.eu/media/latest-news/news-details/article/the-slovenian-supreme-court-bolstered-the-position-of-the-vzmd-one-of-better-finances-members/?tx_ttnews%5BbackPid%5D=197&cHash=04ac40f2b818aaadb480f2ee9a5f46e7