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European Court of Human Rights grants Slovenia's appeal

LJUBLJANA, March 19 (Hina) - The European Court of Human Rights said on Tuesday it had upheld Slovenia's appeal against a ruling finding it responsible for foreign currency savings in now-defunct Ljubljanska Banka's Sarajevo branch and the case will be decided by the court's Grand Chamber, Slovenia's STA news agency reported.

The Slovenian Foreign Ministry welcomed the decision, saying in a press release that it confirmed Slovenia's position that the initial ruling contained grave errors of law and fact.

Last November's ruling ordered Slovenia to pay Bosnian citizens Emina Alisic and Aziz Sadzak, former Ljubljanska Banka clients, 4,000 euros each plus legal costs. The court also ordered Slovenia to adopt within six months measures to indemnify more than 8,000 such people in Bosnia and Herzegovina.

Slovenia appealed the ruling, saying the foreign currency deposits of former Ljubljanska Banka clients had not ended up in Slovenia and that the ruling clashed with the court's precedents.

Slovenia claims the former currency savings were guaranteed by the former Yugoslav federation, that this was an issue of succession to the ex-Yugoslavia and that the successor states should indemnify the former depositors.

The Foreign Ministry said it hoped the Grand Chamber would carefully re-examine the Bosnian applications and take into account, in handing down a verdict, the latest developments concerning the former foreign currency deposits, including last week's memorandum between the Slovenian and Croatian governments on Ljubljanska Banka's former Zagreb branch.

The memorandum clearly defines the succession treaty as the only legal framework for handling those deposits, the press release said.

It should be noted, however, that the memorandum refers to transferred foreign currency deposits, those paid to the bank's former Croatian clients from Croatia's public debt, and not to the non-transferred savings of former clients from Croatia and other successor states, which are the subject of proceedings at the European Court of Human Rights.

The Slovenian Foreign Ministry estimated that the Grand Chamber ruling in the case of applicants from Sarajevo could be handed down in two years' time.

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