EuroFinuse.org, 09.01.2014
Following the filling of three lawsuits by VZMD, the Slovenian Constitutional Court acknowledged the legal interest of the 293 initiators united by VZMD who were all owners of subordinated bonds of three Slovenian banks who were expropriated on December 18.
VZMD demanded a constitutional review of the Banking Act and the Court accepted the hearing of two VZMD initiatives. However, the suspension of the Act was rejected due to the allegedly misleading claims by the Slovenian Government, the Ministry of Finance and the Bank of Slovenian concerning the “catastrophic consequences” and “jeopardy of the entire financial system in the Republic of Slovenia”, along with the fact that they claim that the holders will only have “material consequences”.




