banks

Inter-state application for the protection of the interests of a governmental organization, ie a Bank that does not enjoy independence from the state, does not fall within the jurisdiction of the ECtHR

GRAND CHAMBER JUDGMENT
Slovenia v. Croatia 16.12.2020 (no. 54155/16)
The case concerned unpaid and overdue debts owed to Ljubljana Bank by various Croatian
companies on the basis of loans granted at the time of the former Yugoslavia.

The Court observed that under Article 34 (individual applications) a legal entity could bring a case
before it provided that it was a “non-governmental organisation” within the meaning of that Article.
The idea behind this principle was to ensure that a State Party could not act as both an applicant and
a respondent in the same matter.
Article 33 of the Convention (inter-State applications) did not allow an applicant Government to
defend the rights of a legal entity which did not qualify as a “non-governmental organisation” and
which therefore would not be entitled to lodge an individual application under Article 34.

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Bank restructuring. Only banks and not their shareholders, who were not direct victims, could appeal before the Court

GRAND CHAMBER JUDGMENT Albert and others v. Hungary 07.07.2020 (no. 5294/14) see here SUMMARY The applicant shareholders essentially complained that the new legislation had restricted their right to influence the operation of the banks in which they held shares. The Court found in particular that the acts complained of by the applicants had principally concerned […]

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