NLB's response to the decision of the Constitutional Court to suspend the Law on limitation and distribution of foreign exchange risk between creditors and borrowers concerning loan agreements in Swiss francs
March 14, 2022
The Constitutional Court of the Republic of Slovenia adopted a decision on 10 March 2022 to suspend in whole the implementation of the "Law on limitation and distribution of foreign exchange risk between creditors and borrowers concerning loan agreements in Swiss francs" (the "Law"). The decision has been adopted unanimously. The implementation of the law has been suspended until the final decision of the Constitutional Court on the conformity of the Law with the Constitution. During this time the deadlines set for individual liabilities of banks do not apply.
The Constitutional Court decided to treat this matter absolutely preferentially. Until the final decision of the Constitutional Court on the constitutionality of the Law is made, the NLB will act in accordance with the applicable legislation and courts’ decisions, and will, at the same time, exercise all legal remedies at its disposal. A separate request for the review of the constitutionality of the Law was also submitted by the Bank of Slovenia.
NLB Communications