Slovenia sues Croatia over old bank debts
- Wall St. gains across sectors ahead of Trump inauguration
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Herbalife (HLF) Says SEC Requested Documents on Anti-Corruption Compliance in China; Reviewed with DoJ
- Investment Focus: History suggests Trump month will be stocks down, dollar up
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
LJUBLJANA (Reuters) - Slovenia filed a court case against Croatia on Thursday, demanding damages of at least 360 million euros for unpaid debts that Croatian companies had at a Slovenian bank when they were part of the former Yugoslavia.
The claim at the European Court of Human Rights in Strasbourg derives from debts that Croatian firms incurred at the now defunct Ljubljanska Banka (LB) before the two countries declared independence in 1991.
Slovenian Justice Minister Goran Klemencic told a news conference on Thursday that Croatian authorities prevented LB recouping the debt after the break-up of Yugoslavia.
The move follows a ruling of the same court last year which ordered Slovenia to repay depositors of the same bank in Croatia and Bosnia who lost their savings when Yugoslavia collapsed in 1991.
Although Slovenia had argued the issue should be settled as a part of succession talks of the former Yugoslav states it has already started repaying the depositors and expects to spend some 385 million euros on the repayments.
Slovenia and Croatia are the only former Yugoslav states to have joined the EU so far but have not yet managed to determine parts of sea and land border between themselves.
(Reporting by Marja Novak; Editing by Alison Williams)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Losing in Iraq, Islamic State seeks to shore up Syria presence
- T. Rowe Price to recover $100 million from insurance after Dell error
- Cerno hires Tom Milnes as business development director
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!