KTB Majority Holder Invites Ambassadors to KTB Court Hearing Monday

Business » FINANCE | December 13, 2014, Saturday // 13:04
Bulgaria: KTB Majority Holder Invites Ambassadors to KTB Court Hearing Monday Photo: BGNES

Bromak, the majority holder in the collapsed Corporate Commercial Bank (KTB), has invited foreign ambassadors to the  hearing at the Supreme Administrative Court (SAC) on Monday, the company lawyer Menko Menkov told Novinite.bg.

The ambassadors of the EU member states, USA, Russia, China, Japan, etc. are invited as observers at the hearing on the appeal of the majority holder, other shareholders and depositors in KTB against Bulgaria's Central Bank decision to revoke the bank's license and start an insolvency procedure.

“It is important for us that those hearings are public, transparent and controlled independently by the citizens,” Menkov said. “The participation of the ambassadors is of utmost importance, because one of the main EU concerns regarding Bulgaria is its judiciary system.”

The court session will take place at 11 AM on December 15, at the SAC.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: KTB, Ambassadors, judiciary, EU, SAC, appeal, insolvency, Menko Menkov
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria