The Court has declared inadmissible the application in the case of Kotnik and Jukič v. Slovenia.

The case concerned the emergency measures taken by the Bank of Slovenia in 2013 and 2014 to protect the financial system. As a result of the measures, subordinated bonds and shares belonging to the applicants had been voided without compensation.

The applicants complained that the Slovenian authorities had failed to implement a European Court judgment of 2021 in their favour. That judgment had ruled that it was essential that former holders of cancelled shares or bonds had a legal avenue to effectively challenge the interference with their property rights.

The Court noted that in 2024 a new law had come into force allowing former holders of cancelled bonds or shares to bring legal actions against the Bank of Slovenia, with the possibility of damages being awarded. It therefore rejected the applicants’ complaints because they had not yet used all the legal avenues available at national level.

• Press release