Constitutional Court Annuls Act on Privatisation of Insurance Companies

Ljubljana, 15 May - The act on privatisation of insurance companies was annulled by the Constitutional Court on 19 April in a procedure filed by Slovene pharmaceutical company Lek, tires manufacturer Sava Kranj, clothes manufacturer Mura, brewery Pivovarna Union, spa resort Terme Catez and the Abanka bank. The Court's decision was unanimous. Privatisation of insurance companies will thus need to be readdressed by the Slovene Parliament.

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