The Annual Conference of the International Financial Litigation Network (IFLN) began on Monday on the premises of the renowned Labaton Sucharow law office in New York. The President of the Pan-Slovenian Shareholders' Association (VZMD) Mr Kristjan Verbič, MSc, was also invited by the organisers to be a guest-speaker at the Conference.Immediately after arriving from the business visit in Iran Mr Verbič presented to the numerous participants, founders, owners and representatives of the esteemed law offices from around the world the scandalous expropriation of the owners of shares and bonds at Slovenian banks and the activities being carried out and planned by VZMD in response to this problem. Mr Verbič also pointed out a real danger that the radical measures enforced in Slovenia might also be implemented in some other European countries after the forthcoming round of stress tests.
The VZMD President warned of the above mentioned problems or dangers at last year's IFLN Conference in Madrid, at a time when Slovenian legislation was in the phase of preparation that only a few months resulted in the actual cancellation of shares and bonds of more than 100.000 owners. During the Conference, protesters - who welcomed the filing of a lawsuit by the law firm Cremades & Calvo-Sotelo (one of the IFLN founding members) against the Central Bank because of tort on behalf of more than 347,000 small shareholders in the case involving Spanish state bank Bankia - gathered in front of the Central Bank of Spain simultaneously with the visit of IFLN representatives.
At the request of the hosts the VZMD President presented the Nova KBM (Slovenian bank) case in detail. Nova KBM's action actually represents - considering the expropriation of 100,000 mostly domestic small shareholders and some bigger international (institutional) investors (especially those related to the secondary quotation at the Warsaw Stock Exchange) - a bigger scandal than the previously mentioned Bankia case.
The International Financial Litigation Network (IFLN) otherwise comprises some distinguished and influential law offices which represent the interests of investors in Austria, Brazil, Central America, Denmark, Finland, India, Ireland, Italy, Israel, Columbia, Macao, Morocco, Pakistan, Spain, Turkey and the USA.
The VZMD President is visiting New York in the framework of this year's third tour of the VZMD international business-investment programmes Invest to Slovenia (investo.si) and International Investors` Network (invest-to.net), promoting the cooperation for which he already visited Copenhagen, Paris and Iran.
Other Related International Activities:
EXCLUSIVE VIDEO REPORT about the week of the MOSCOW-VIENNA-CAPETOWN conferences involving the following: active participation of the international business-investment VZMD programmes, signing a memorandum with the Russian Federation of Investors, and protection of rights of the Slovene and European shareholders at the Viennese conference »The Financial Repression of Savers and Investors« (Moscow, Vienna, Cape Town, October 2013)
MOSCOW – At the Slovenian Embassy about a joint investors' conference in the fall – an arrangement between the Russian Federation of Investors, VZMD and the Slovenian Embassy (Moscow, June 2013)
KAZAKHSTAN – a successful visit of the Slovenian business delegation in Kazakhstan – strong interest displayed in the international investors' programs of the PanSlovenian Shareholders' Association (VZMD): investo.si and investo.international (Astana, Almaty, June 2013)
WORLD BANK – President of VZMD and EuroFinUse Board Member speaker of the first panel at the international conference about audit reform and the importance of audit committees (Bucharest, June 2013)
VIDEO REPORT – Variegated happening at the 19th financial fair KAPITAL 2013 at Cankar Hall, along two-day presentation of the international investors' programs and the lecture of VZMD President (Ljubljana, April 2013)
INDIA – visit of Slovenian government and business delegation – on the basis of Memorandum between ICPE and VZMD international investors' programs investo.si and investo.international also present (New Delhi, February 2013)
EXCLUSIVE VIDEO REPORT of "International Conference on Benefits and Challenges of Public Private Partnerships for improving Energy Efficiency" – key statements of prominent participants (Ljubljana, October, 2012)
EXCLUSIVE VIDEO REPORT from Slovenian - Azerbaijani Business Forum in Baku (Baku, January, 2013)
EXCLUSIVE VIDEO REPORT - Investors' week and the view of business potentials and investment opportunities during the visit of distinguished international guests at the Slovenian coast (Postojna, Koper, Piran, September, 2012)
VIDEO REPORT "Ljubljana declaration" – historic decision on unification of 50 organizations of shareholders and investors under one association and VZMD award »Polet«for »Model corporate governance in multinational corporation«to Gorenje company (Ljubljana, September 21, 2012)
Gala reception and dinner before International Conference on financial education and investors` exposition »investo Expo« (Ljubljana, September 19, 2012)
VIDEO REPORT - International Conference at the Brussels Stock Exchange Stimulated Investors' Representatives and Institutions to Participate at the Investors' Week 2012 in September in Slovenia(Brussels, March 2012)
"Slovenian Day at the Warsaw Stock Exchange (WSE)" Exceptional Interest of Funds, Investors, and the Financial Media for Slovenian Companies and Its Investment Environment - The Introduction of investo.si - Invest to Slovenia's Newly Founded Affiliate, investo.me - Invest to Montenegro (Warsaw, October 2011)
www.vzmd.si – More on the VZMD – PanSlovenian Shareholders' Association
www.vzmd.tv and www.investo.tv – Over 300 videos from VZMD.TV and investo.tv
www.investo.si – More on the investo.si – Invest to Slovenia Program
www.investo.international – More on the network of 55 national organizations of shareholders and investors – investo.international
