- Medij: BetterFinance
- Datum objave: sreda, 09.11.2016
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. Subordinated bonds in a sixth bank (Banka Celje) were wiped out in December 2014.
In each case the bail-in consisted of a complete wipe-out of all subordinated bonds, including those sold to retail investors at the counters of said banks. Individual investors received no compensation and had no legal means to challenge the bail-in decisions.
Finally, at the request of Better Finance's Slovenian Member Organisation VZMD, on 27 October, the Constitutional Court of the Republic of Slovenia completed its constitutional review of legal regulations that are at the basis of the expropriation of subordinated bondholders and shareholders.
Read more here.
- Medij: BetterFinance
- Datum objave: sreda, 09.11.2016
- Povezava: http://betterfinance.eu/media/press-releases/press-release-details/article/banking-regulations-used-to-expropriate-investors-in-slovenian-bank-bail-in-found-unconstitutional/?tx_ttnews%5BbackPid%5D=163&cHash=5ffd9f2c3536011ea3850b9b0c901549