Lawmakers in Bulgaria have voted to approve on a second reading changes to the Balk Insolvency Act paving the way for the publication of a report tracking the assets of insolvent Corporate Commercial Bank (Corpbank or KTB).
Until now the text was only available in Parliament’s secret registry, which was not accessible to the general public but only to lawmakers.
Instructions on receivables collection offered in the report will not be disclosed to avoid disruption of the work of receivers.
KTB collapsed following a bank run in June 2014 which pushed the Bulgarian National Bank to place it under supervision.
The publication of the document has been highly controversial among politicians, but has also drawn fire from UK-based consultancy Ali…
Read the full article at: http://www.novinite.com/articles/174023/Bulgaria MPs Approve Making Report on Insolvent KTB Public