Amendment Disregarding EU Law Could Lead to Slovenian State Gaining over 100 Million Euros from Escheatment of Shares
The Constitutional Court of Slovenia Makes a Long-Awaited Decision
Retail Investors in Slovenian Bail-In May Be Considered Too Small to Notice
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.
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;