COURT OF JUSTICE OF THE EU / Eurozone

Greek court is competent to rule on disputes between Greece and a citizen of another EU member state who suffered a haircut on their Greek sovereign bonds

Vienna, 04/07/2018 (Agence Europe)

The ‘Brussels 1a’ regulation is not applicable in determining which member state’s courts have jurisdiction to rule on claims brought against the Greek state by an individual who invested in Greek sovereign bonds, the value of which depreciated following their forced exchange in exceptional circumstances connected to a Eurozone bailout plan, Advocate General Yves Bot states in conclusions returned on Wednesday 4 July (case C-308/17).

Mr Leo Kuhn, who is domiciled in Austria, purchased...