Slovenian Bail-in

Pan-Slovenian Shareholders' Association (VZMD) reports that the CJEU court opinion, Kotnik e.a., delivered on February 18, 2016, supports approximately 2000 retail credit holders of Slovenian banks expropriated during the 2013 banking crisis and bail-in.

Advocate General Wahl's opinion states EU banking communications are not legally binding on member states. Furthermore, there is no duty to impose a compulsory write-down of subordinated debt, nor is disproportionate burden-sharing a precondition for winning EU approval of state aid measures.

http://finance.yahoo.com/news/slovenian-bail-tactics-questioned-cjeu-152100214.html

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Slovenian Bail-in

Pan-Slovenian Shareholders' Association (VZMD) reports that the CJEU court opinion, Kotnik e.a., delivered on February 18, 2016, supports approximately 2000 retail credit holders of Slovenian banks expropriated during the 2013 banking crisis and bail-in.

Advocate General Wahl's opinion states EU banking communications are not legally binding on member states. Furthermore, there is no duty to impose a compulsory write-down of subordinated debt, nor is disproportionate burden-sharing a precondition for winning EU approval of state aid measures.

EU court opinion provides general support to expropriated subordinated debt-holders, including retail investors and subordinated certificates-of-deposit holders, whose bank investments went up in smoke in the particularly harsh Slovenian bail-in of 2013. The Court of Justice of the European Union (CJEU) Advocate General's opinion Kotnik and Others (Kotnik) was delivered on February 18, 2016.

http://www.marketwatch.com/story/slovenian-bail-in-tactics-questioned-as-cjeu-opinion-supports-retail-subordinated-debt-holders-reports-vzmd-2016-03-15

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