image024The Annual Conference of the International Financial Litigation Network (IFLN) began on Monday on the premises of the renowned Labaton Sucharow law office in New York. The President of the Pan-Slovenian Shareholders' Association (VZMD) Mr Kristjan Verbič, MSc, was also invited by the organisers to be a guest-speaker at the Conference.Immediately after arriving from the business visit in Iran Mr Verbič presented to the numerous participants, founders, owners and representatives of the esteemed law offices from around the world the scandalous expropriation of the owners of shares and bonds at Slovenian banks and the activities being carried out and planned by VZMD in response to this problem. Mr Verbič also pointed out a real danger that the radical measures enforced in Slovenia might also be implemented in some other European countries after the forthcoming round of stress tests.

The VZMD President warned of the above mentioned problems or dangers at last year's IFLN Conference in Madrid, at a time when Slovenian legislation was in the phase of preparation that only a few months resulted in the actual cancellation of shares and bonds of more than 100.000 owners. During the Conference, protesters - who welcomed the filing of a lawsuit by the law firm Cremades & Calvo-Sotelo (one of the IFLN founding members) against the Central Bank because of tort on behalf of more than 347,000 small shareholders in the case involving Spanish state bank Bankia - gathered in front of the Central Bank of Spain simultaneously with the visit of IFLN representatives.

At the request of the hosts the VZMD President presented the Nova KBM (Slovenian bank) case in detail. Nova KBM's action actually represents - considering the expropriation of 100,000 mostly domestic small shareholders and some bigger international (institutional) investors (especially those related to the secondary quotation at the Warsaw Stock Exchange) - a bigger scandal than the previously mentioned Bankia case.

The International Financial Litigation Network (IFLN) otherwise comprises some distinguished and influential law offices which represent the interests of investors in Austria, Brazil, Central America, Denmark, Finland, India, Ireland, Italy, Israel, Columbia, Macao, Morocco, Pakistan, Spain, Turkey and the USA.

The VZMD President is visiting New York in the framework of this year's third tour of the VZMD international business-investment programmes Invest to Slovenia (investo.si) and International Investors` Network (invest-to.net), promoting the cooperation for which he already visited Copenhagen, Paris and Iran.


Other Related International Activities:

SLOVENIAN DAY IN DENMARK – an exceptional presentation of Slovenia, its companies and trademarks accompanying the Eurovision 2014 Semi-finals – more than 500 guests from practically all participating countries were enthusiastic about the Slovenian culinary delicacies, Tinkara Kovač’s special live concert and the VIDEO REPORT about the team's journey to Copenhagen by camper vans - VZMD and investo.si received a great deal of praise and are preparing additional activities

VIDEO INVITATION for the Slovenian Business Day at Eurovision Song Contest in Copenhagen - Exclusive offer by Slovenian representative and VZMD’s international business-investors’ program investo.si − Invest to Slovenia

EXCLUSIVE VIDEO REPORT from the awards ceremony, organised by »IFIMES« International Institute on Bled, and from the gala event accompanying an exceptional international visit with promising business, political, and diplomatic contacts (Bled, February 2013)

EXCLUSIVE VIDEO REPORT about the week of the MOSCOW-VIENNA-CAPETOWN conferences involving the following: active participation of the international business-investment VZMD programmes, signing a memorandum with the Russian Federation of Investors, and protection of rights of the Slovene and European shareholders at the Viennese conference »The Financial Repression of Savers and Investors« (Moscow, Vienna, Cape Town, October 2013)

MOSCOW – At the Slovenian Embassy about a joint investors’ conference in the fall – an arrangement between the Russian Federation of Investors, VZMD and the Slovenian Embassy (Moscow, June 2013)

KAZAKHSTAN – a successful visit of the Slovenian business delegation in Kazakhstan – strong interest displayed in the international investors’ programs of the PanSlovenian Shareholders’ Association (VZMD): investo.si and invest-to.net (Astana, Almaty, June 2013)

WORLD BANK – President of VZMD and EuroFinUse Board Member speaker of the first panel at the international conference about audit reform and the importance of audit committees (Bucharest, June 2013)

VIENNA – EXCLUSIVE VIDEO REPORT from the European meeting of venture and start-up capital funds and the congress of business angels’ network EBAN 2013 – an active role of VZMD and its international investors’ programs investo.si and invest-to.net (Vienna, May 2013)

VIDEO REPORT – Variegated happening at the 19th financial fair KAPITAL 2013 at Cankar Hall, along two-day presentation of the international investors’ programs and the lecture of VZMD President (Ljubljana, April 2013)

VIDEO REPORT – exclusively from the European Parliament: the EuroFinUse international conference and the Election Assembly, the announcement of the new President and Board of directors of this influential European association, into which a representative of Slovenia is also re-elected (Brussels, March 2013)

BRUSSELS – Slovenia with VZMD once more elected to the top of the European Federation of Financial Services Users – intensive international activities today continue with a conference in the European Parliament (Brussels, March 2013)

TOKYO – conclusion of the visit of Slovene economic and political delegation with Slovenian-Japanese Business & Investment Forum and the reception at Japanese investors’ association – the active role of VZMD with its international investors’ programs investo.si and invest-to.net(Tokyo, March 2013)

INDIA – visit of Slovenian government and business delegation – on the basis of Memorandum between ICPE and VZMD international investors' programs investo.si and invest-to.net also present (New Delhi, February 2013)

Memorandum of cooperation signed between the International Center for Promotion of Enterprises (ICPE) and VZMD, with additional expansion of activities within the framework of international investment programs investo.si and invest-to.net (Ljubljana, January, 2013)

EXCLUSIVE VIDEO REPORT of “International Conference on Benefits and Challenges of Public Private Partnerships for improving Energy Efficiency” – key statements of prominent participants (Ljubljana, October, 2012)

VIDEO REPORT - Prominent Participants of Two Key International Conferences in Bled, India and Slovenia as Business Partners and CloudForum, Show Interest in the Investors’ Week in September in Slovenia (Bled, March 2012)

EXCLUSIVE VIDEO REPORT from Slovenian - Azerbaijani Business Forum in Baku (Baku, January, 2013)

EXCLUSIVE VIDEO REPORT from EuropeanIssuers International Conference on »The future of European Equity Markets« at the Milan Stock Exchange – programs investo.si in invest-to.net also at the upcoming International Investors´ Conference in Wiesbaden (Milano, November 2012)

EXCLUSIVE VIDEO REPORT - Investors' week and the view of business potentials and investment opportunities during the visit of distinguished international guests at the Slovenian coast (Postojna, Koper, Piran, September, 2012)

VIDEO REPORT "Ljubljana declaration" – historic decision on unification of 50 organizations of shareholders and investors under one association and VZMD award »Polet« for »Model corporate governance in multinational corporation« to Gorenje company (Ljubljana, September 21, 2012)

Gala reception and dinner before International Conference on financial education and investors` exposition »investo Expo« (Ljubljana, September 19, 2012)

VIDEO REPORT - International Conference at the Brussels Stock Exchange Stimulated Investors' Representatives and Institutions to Participate at the Investors' Week 2012 in September in Slovenia(Brussels, March 2012)

"Slovenian Day at the Warsaw Stock Exchange (WSE)" Exceptional Interest of Funds, Investors, and the Financial Media for Slovenian Companies and Its Investment Environment - The Introduction of investo.si - Invest to Slovenia's Newly Founded Affiliate, investo.me - Invest to Montenegro (Warsaw, October 2011)

SLOVENIA PRAISED IN PARIS – acclaimed presentation of reputable Slovenian companies at the largest European investment convention, Actionaria, and the General Assembly of the World Federation of Investors Corporation (WFIC) – VZMD.TV EXCLUSIVE BROADCAST (Paris, December 2010)


www.vzmd.si – More on the VZMD – PanSlovenian Shareholders' Association

www.vzmd.tv and www.investo.tv – Over 300 videos from VZMD.TV and investo.tv

www.investo.si – More on the investo.si – Invest to Slovenia Program

www.invest-to.net – More on the network of 55 national organizations of shareholders and investors – invest-to.net