Category: Banking, Finance, Insurance

European Federation of Investors and Financial Services Users Denounces Amendment that Potentially Jeopardizes Rights of Over 117,000 Individual Shareholders
Press Release Jan 18, 2017
European Federation of Investors and Financial Services Users Denounces Amendment that Potentially Jeopardizes Rights of Over 117,000 Individual Shareholders

Amendment Disregarding EU Law Could Lead to Slovenian State Gaining over 100 Million Euros from Escheatment of Shares

Banking Regulations Used to Expropriate Investors in the Slovenian Bank Bail-in Determined Unconstitutional
Press Release Nov 1, 2016
Banking Regulations Used to Expropriate Investors in the Slovenian Bank Bail-in Determined Unconstitutional

The Constitutional Court of Slovenia Makes a Long-Awaited Decision
Investors Wiped-Out as Part of the Slovenian Bank Bail-in Are Supported by a Favorable Ruling From the European Court of Justice
Press Release Jul 21, 2016
Investors Wiped-Out as Part of the Slovenian Bank Bail-in Are Supported by a Favorable Ruling From the European Court of Justice
Press Release Apr 8, 2016
European Commission Treats Addressing Inequities Inflicted on Expropriated Retail Bondholders in Slovenia Like a Hot Potato

Retail Investors in Slovenian Bail-In May Be Considered Too Small to Notice
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
Request for Preliminary Ruling by Slovenian Constitutional Court November 20, 2014

Slovenian Constitutional Court refers Kotnik e.a to CJEU
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;
Background Material Mar 11, 2016
Letter from Better Finance to EU Commission and Government of the Republic of Slovenia February 8, 2016

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.