Category: Governmental Banking

Press Release Mar 15, 2016
Slovenian Bail-in Tactics Questioned as CJEU Opinion Supports Retail Subordinated Debt-Holders Reports VZMD

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.

Background Material Mar 11, 2016
EC Banking Communication of 1 August 2013

EU Commission Banking Communication of State Aid rules in favour of bank in the context of the banking crisis

Background Material Mar 11, 2016
EU Advocate General Wahl Opinion February 18, 2016 CASE C-526/14

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;