Shareholders take 53-year National Bank fight to Europe

Shareholders take 53-year National Bank fight to Europe

Shareholders of the National Bank of Malta have filed a case before the European Court of Human Rights (ECHR), arguing that the compensation recently awarded to them by Maltese courts is “manifestly inadequate”.The application, filed last week, marks the final legal hurdle in a 53-year battle that began when the Dom Mintoff government took over...

'Manifestly Inadequate': National Bank Shareholders Take Malta To ECHR

Shareholders of the former National Bank of Malta have filed a case before the European Court of Human Rights, arguing that the compensation awarded by Maltese courts for the bank’s 1973 takeover is “manifestly inadequate”, Times of Malta reported. The application was filed last week and represents the latest stage in a legal battle that has lasted more than five decades. The shareholders are contesting a Constitutional Court ruling that reduced…