REG - Nova Ljubljanska - The Constitutional Court annules the Law

Nova Ljubljanska Banka dd LjubljanaAnnouncement

14/12/2022 14:45

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RNS Number : 7349J  Nova Ljubljanska Banka d.d.  14 December 2022

Date: 14 December 2022

 

The Constitutional Court annules the Law on limitation and distribution of
foreign exchange risk between creditors and borrowers concerning loan
agreements in Swiss francs

 

Pursuant to the Rules of the Ljubljana Stock Exchange and Article158 of the
Market in Financial Instruments Act, relating to the Article 17 of the
Regulation (EU) No 596/2014, NLB d.d., Trg republike 2, 1000 Ljubljana
announces:

 

The Constitutional Court of the Republic of Slovenia announced today, on
December 14, 2022, its decision in the proceedings for the constitutionality
assessment of the Law on limitation and distribution of foreign exchange risk
between creditors and borrowers concerning loan agreements in Swiss francs
(the "Law"), initiated by several banks, including NLB d.d. The Constitutional
Court decided that the Law is annulled.

 

The Slovenian Parliament passed the Law on February 2, 2022
(https://www.nlb.si/press-release-2-2-2022) , disregarding the negative
opinions of the Slovenian Government, the legislative and legal service of the
Slovenian National Assembly and the European Central Bank; and the
Constitutional Court unanimously adopted a decision in March
(https://www.nlb.si/press-release-14-3-2022) to suspend in whole its
implementation.

 

Investor Relations

NLB d.d., Ljubljana

 

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