Constitutional Court throws out recourse for bailed-in bank investors

In a landmark ruling Slovenia's top court has abrogated a law that required the Slovenian central bank to compensate those who lost their investments during the banking sector bailout of 2013, when roughly tens of thousands of holders of shares and junior bonds were completely wiped out.

The court had ruled in 2016 that recourse needed to be provided for roughly 100,000 potential plaintiffs who lost money they had invested in bank shares and bonds before major segments of the Slovenian banking system had to be bailed out in 2013 to prevent its collapse.

The law was finally...

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