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Amendment Disregarding EU Law Could Lead to Slovenian State Gaining over 100 Million Euros from Escheatment of Shares
VZMD President Meets with the President of the Slovenian National Assembly
The Constitutional Court of Slovenia Makes a Long-Awaited Decision
Mario Draghi Dismayed at the Seizure of Allegedly Confidential European Central Bank Information Stored on the Bank of Slovenia's IT Network
The VZMD President's address at the mass demonstration:
"We have Risen - the Rest of Slovenia will Follow!",
Koper, Slovenia, 28th June 2016
Spontaneous mass demonstrations and visit of families of Port of Koper employees,
Koper, Sunday, 3th July 2016
Families Join Port Workers in Peaceful Protest at the Strategically Significant Port of Koper
Rally at the Strategic Port of Koper
Small Investors whose Hard Earned Savings Disappeared Given a Glimmer of Hope
Retail Investors in Slovenian Bail-In May Be Considered Too Small to Notice
On February 13, 2015, the Commission for Public Finance Control examined the controversy surrounding the expropriation of the subordinated debt-holders in the Slovenian bail-in. Participants include the former president of Slovenia, members of the previous Slovenian government, representatives of the Bank of Slovenia, Tadej Kotnik and Kristjan Verbic of VZMD. (Slovene with English subtitles)
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.
EU Commission Banking Communication of State Aid rules in favour of bank in the context of the banking crisis
Slovenian Constitutional Court refers Kotnik e.a to CJEU
In conclusion, I propose that the Court answer the questions referred for a preliminary ruling by the Ustavno sodišče (Constitutional Court) as follows:
- the Communication from the Commission on the application, from 1 August 2013, of State aid rules to support measures in favour of banks in the context of the financial crisis ('the Banking Communication') is not binding on the Member States;
Open Letter regarding unwillingness of Slovenian Government to negotiate a settlement with the expropriated retail bank junior debt holders after banking bail-in of 2013.
