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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, People

Oman Fund Claims against Bulgaria ‘Unfounded’ - FinMin

Posted on 28 October 2015

Legal action taken against Bulgaria by the State General Reserve Fund of Oman is based on ill-founded claims, the country’s Finance Minister Vladislav Goranov said on Tuesday. He asserted Bulgaria was “prepared to fight this battle” and had already hired a team of lawyers.
His comments follow reports (later confirmed by the government) that the sovereign wealth fund was seeking to recover the book value of its investment in collapsed Corporate Commercial Bank (Corpbank or KTB)………………………………………..Full Article: Source


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