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Jugobanka loses suit against Croatia worth EUR 21M, CHF 2.6M

Author: Hari Alfeo

ZAGREB, Feb 1 (Hina) - Zagreb's Commercial Court has turned down a motion by Belgrade's Jugobanka, which is in official receivership and which asked for nearly EUR 21 million and CHF 2.6 million from Croatia, arguing that it was a debt stemming from loans which were used between 1985 and 1989 by the Croatian companies 3. Maj, Varteks and Duhan, and that the loans were being repaid to the Paris Club by Serbia, instead of Croatia.

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