Constitutional Court annuls controversial Swiss franc act

Ljubljana, 14 December - After staying in March a law on Swiss franc loans, which was challenged by nine banks saying 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 said conditions for retroactivity had not been met. The Bank Association said the rule of law had prevailed.

Ljubljana
Swiss francs
Photo: Tamino Petelinšek/STA
File photo

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