Devin bank trustee’s earnings capped

The cabinet again changed the rules on remuneration for bankruptcy trustees; as of October 8, trustees on ongoing bankruptcy cases who have not conducted preliminary negotiations with creditors on debts will have their earnings from the case capped at Sk10 million. The move comes after Bratislava lawyer Ernest Valko was awarded the post of trustee on the failed Devín banka one day before new trustee earnings caps came into force. Many members of the cabinet had been displeased that Valko stood to make up to Sk500-600 million. Finance Minister Brigita Schmognerová has said that she will soon lay charges against an unknown perpetrator for harming state interests.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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