Constitutional Court annuls controversial Swiss franc act

Ljubljana, 14 December - After staying in March a controversial law on Swiss franc loans, legislation challenged by nine banks which say it is detrimental to banks and the economy as a whole, the Constitutional Court annulled the act in a decision announced on Wednesday. The court argues that conditions for retroactivity had not been fulfilled.

Swiss francs
Photo: Tamino Petelinšek/STA
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