| Oman's biggest sovereign wealth fund has filed an arbitration claim against Bulgaria over the collapse of Corporate Commercial Bank (Corpbank), the online database of Washington-based International Centre for Settlement of Investment Disputes showed.
Oman's State General Reserve Fund (SGRF) fund owned a 30 percent stake in Corpbank, which was Bulgaria's fourth-largest lender before collapsing last year following a bank run. The bank collapse triggered the Balkan country's biggest financial crisis since the 1990s, prompting Sofia to pay over 3.6 billion levs ($2.03 billion) to guaranteed depositors and boosting the country's fiscal deficit for 2014 to 5.8 percent of economic output..............................................Full Article: Source
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