Bulgarian President Roumen Radev vetoed on February 21 a bill amending the Bank Insolvency Act, arguing that some of the provisions had retroactive effect, which breached the principle of the rule of law.
The president supports the efforts of the National Assembly for greater efficiency in defending the public interest in bank insolvency, but that must be achieved using constitutional means. In that regard, the head of state has objections to some of the transitional and final provisions of the law, which retroactively re-regulate the legal effects of acquired rights and debts repaid, in breach of the rule of law, the presidencys media office said in a statement.
The bills authors are Movement for Rights and Freedoms MPs Yordan…
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