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Court grants BAMC the status of compulsory settlement initiator

Earlier today, the Ljubljana District Court, responsible for the compulsory composition proceedings against the debtor Sava, d.d., issued a decision to merge two procedures with creditor motions to initiate compulsory composition proceedings against the debtor, which had been lodged by the BAMC and a group of creditors with Gorenjska banka spearheading the motion. 

The court thus granted BAMC the status of the initiator of compulsory settlement, which means that BAMC is able to exercise and enforce all rights of a creditor initiating compulsory settlement proceedings under the ZFPPIPP.
With this court ruling, the BAMC as the largest creditor is taking on an active role in the process of compulsory settlement against Sava, d.d.

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