The headquarters of KTB in central Sofia. Photo by Christina Dimitrova
Lawmakers have voted to approved changes to the Bank Insolvency Act on a first reading which also allow for the publication of a report by UK-based consultancy AlixPartners on insolvent Corporate Commercial Bank (Corpbank/KTB), local media have reported.
Until now the text was only available in Parliament’s secret registry, which was not accessible to the general public but only to lawmakers.
The act’s Artile 12a (2.12) will read that: “The temporary trustee is obliged, regardless of confidentiality clauses in contracts, to publish the report on its webpage after receiving it from those contracted for this purpose.”
Instructions…
Read the full article at: http://www.novinite.com/articles/173484/Bulgaria MPs to Make Report on Insolvent KTB Public