Disputed loan conversion laws remain in effect for now

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The Constitutional Court has launched the procedure to assess whether the legislation regulating the conversion of the Swiss franc-indexed loans into euros complies with the Constitution and the two disputed laws will remain in force until the Court arrives at a final decision, the Court President Jasna Omejec said at a news conference in Zagreb on Thursday.

Omejec confirmed at the news conference that eight commercial banks and four individuals had requested the Constitutional Court to assess the constitutionality of the two laws regulating the conversion. The complainants also requested the suspension of the laws they dispute until a final ruling, however, the Constitutional Court, that considered the suspension request on Wednesday, turned down that proposal, according to Omejec.

The decision (to reject the suspension request) was made having in mind the gravity of the case involving a large number of citizens well as the importance of the case for the complainants, Omejec said.

Both laws contended (by the lenders) remain in effect and have to be complied with, she said.

She could not specify when the final ruling on the said legislation might be expected.

Addressing the press conference, a Constitutional Court judge, Slavica Banic, who was recently portrayed in media as a judge with whom the Dinamo soccer boss Zrdavko Mamic conspired to change the legislation on sport, denied all media speculations. Banic said that her conversations with Mamic had never been about business.

Another judge Snjezana Bagic, who has been criticised by media for plagiarism, said that she apologised to Constitutional Court secretary Teodor Antic for having failed to cite that he was the author of the disputed sections in a paper, however she underscored that she used Antic’s work not in a scientific paper but in a working document for an expert conference.

The Constitutional Court president Omejec said that she would inform the public of her stance on those “scandals” after the formation of Croatia’s new parliament and government.

(Hina)

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