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.




