The District Court in Ljubljana notified Sava d.d. that based on the proposal by DUTB, d.d. (hereinafter: BAMC) and DUP1, d.d. it issued a temporary injunction prohibiting Sava d.d. alienation, encumbrance or any other disposal of securities of Sava Turizem d.d. The ruling on temporary injunction regarding the shares of Sava Turizem d.d. does not bring anything new, even if the court would adopt the same final ruling. The shares have already been pledged so far and Sava d.d. had no intention whatsoever to sell them.
The proposal for temporary injunction was filed with the District Court in Ljubljana by BAMC and DUP1, d.d. as in this way BAMC tries to re-establish the legal basis for regulating collaterals for the respective loans to Sava d.d. The loans by BAMC to Sava d.d. were secured with the shares of Sava Turizem d.d. When BAMC seized the shares, these collaterals have become legally questionable, whereas based on temporary injunction the shares of Sava Turizem d.d. were already returned to Sava d.d.
Sava d.d.
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