Date: 22nd September 2021

BETTER FINANCE, the European Federation of Investors and Financial Services Users, joins its Slovenian Member, the Pan-Slovenian Shareholders' Association (VZMD), in welcoming the recent ruling by the European Court of Human Rights (ECHR) that the wipe-out of shares and bonds (the “bail-in”) held by shareholders and junior bondholders of the leading Slovenian banks in 2013-2014, violated the right to the enjoyment of property. Even though there are no details to date, it is undeniable that this violation of property rights must be remedied through the appropriate pecuniary compensation.