Spectator on facebook

Spectator on facebook

Slovak Securites Centre avoids bailiffs for now

Slovakia's state Securities Centre, the country's sole securities ownership registration organisation, said on October 16 it had managed to ward off the bailiffs for the time being.
A court ruled that bailiffs could confiscate property after the SCP failed to pay damages of 67 million Sk ($1.9 million) to a little known company, Kierra a.s. which had shares stolen from an account at the SCP.
SCP spokeswoman Erika Mináriková said the centre filed an objection this week against the ruling. She said the SCP would use the time to find money from the state, banks, or on the capital market to pay the damages rather than attempting to have the claim dismissed altogether.

Slovakia's state Securities Centre, the country's sole securities ownership registration organisation, said on October 16 it had managed to ward off the bailiffs for the time being.

A court ruled that bailiffs could confiscate property after the SCP failed to pay damages of 67 million Sk ($1.9 million) to a little known company, Kierra a.s. which had shares stolen from an account at the SCP.

SCP spokeswoman Erika Mináriková said the centre filed an objection this week against the ruling. She said the SCP would use the time to find money from the state, banks, or on the capital market to pay the damages rather than attempting to have the claim dismissed altogether.

The centre said earlier this week it had taken all possible steps to ensure that its work would not be disrupted by the situation.

The SITA news agency reported that Kierra had merged with investment fund IPF 1. Sporitelna-VSŽ Investični Fond a.s., which won a dispute with the SCP over shares stolen from its account several years ago.

SCP says the theft was caused by negligence on the part of a subcontractor but that it could only seek damages from the subcontractor after it settles the claim. The SCP is the country's monopoly registration place for trading in securities, which are nearly all in book-entry form.

Top stories

Šumiac breaks sweat record: first sauna to be revived

The sauna built in Šumiac by miller Michal Demo after returning from Russian captivity was the first one not just in Slovakia but in the entire former Czechoslovakia. Now it can be saved and re-used.

The construction of first Slovak sauna in Šumiac

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between August 18 and August 27, as well as regular services in different languages, training for foreigners in English and highlights of the year.

Pivobrana - Beer Festival

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Agrokomplex opens its gates Photo

This year’s exhibition has more discussions with experts and a family programme.