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CROATIA OBLIGED TO SETTLE SLOVENE BANK'S DEBT - SLOVENE EXPERTS

LJUBLJANA, Jan 8 (Hina) - Slovene television's prime time newscast said on Wednesday that in 1991, when Croatia declared independence, its government adopted and parliament ratified a law recognising foreign currency savings in the Zagreb sub-branch of Slovenia's Ljubljanska Bank as a Croatian state liability.
LJUBLJANA, Jan 8 (Hina) - Slovene television's prime time newscast said on Wednesday that in 1991, when Croatia declared independence, its government adopted and parliament ratified a law recognising foreign currency savings in the Zagreb sub-branch of Slovenia's Ljubljanska Bank as a Croatian state liability. #L# "In 1991 Croatia adopted the territorial principle of paying out foreign currency savings, as did Slovenia," Rudi Gabrovec, the Slovene government's representative for issues pertaining to succession to the former Yugoslav federation, told state television. Slovenia possesses documents proving that Croatia, not Slovenia, is legally obliged to pay out the depositors, and will submit them to the Basel-based Bank for International Settlements (BIS), said Gabrovec. Slovene legal experts have made an analysis of the laws whereby Croatia assumed the Ljubljanska Bank debt obligation in 1991 and their findings will be sent to the BIS and the International Monetary Fund, said Gabrovec. He also stated that Croatia was the only former Yugoslav republic not to have ratified a Vienna deal on succession to the Socialist Federal Republic of Yugoslavia which determined that the BIS was in charge of dealing with foreign savings issues. (hina) ha sb

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