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A total of 293 plaintiffs have taken the bank regulator to court over the 18 December bail-in at NLB bank, Factor banka and Probanka.

The VZMD claims that the bonds were "erased without any explanation, compensation, and what is more the expropriated bond holders are even denied access to the documents that wiped them out, as Banka Slovenije is claiming they contain confidential data".

The association says that the lawsuit at the administrative court was the last remaining legal means available to the small shareholders, along with the request for constitutional review that has already been filed.

The VZMD has called on the government and Banka Slovenije to return to basic democratic principles and starting points for a just, stable and successful socio-economic system.