Podgorica, (MINA-BUSINESS) – Majority shareholders of Atlas Banka have informed the Delegation of the European Union to Montenegro about the alleged unlawful actions of the Central Bank (CBCG) related to the introduction of interim administration and the capital increase, requesting its assistance in this matter.
“We are kindly asking you to do everything in your power to help us in obviously unfair legal battle were are involved in, primarily in order to protect the rule of law and shareholders from the EU, and use your reputation and influence to make sure that Montenegro’s public authorities observe the law,” says the letter addressed to the EU Delegation.
The letter says that, given that there are certain contractual obligations between the EU and Montenegro, the Union is interested in the rule of law and freedom to conduct business, especially in the Atlas Bank’s case.
The shareholders say that this case reflects the current situation in Montenegro and the obligations related to negotiating chapters 23 and 24, which are of key importance for the EU accession.
The letter reminds that, in order to protect their rights, the shareholders have launched three proceedings before the Administrative Court and one before the Commercial Court.
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