TFL Vsebine / Revija Pravnik

3

Zamejska finančna družba KB1909, pravna naslednica goriške Kmečke banke, je zašla v hudo krizo. Še do pred nekaj leti je holding štel več kot trideset vključenih in povezanih poslovnih družb. Podjetja so poslovala zlasti na območju Furlanije – Julijske krajine in Slovenije, prisotna pa so bila tudi na trgih Srednje in Jugovzhodne Evrope. Izrazita kriza, nekaj napačnih investicij, rast skupine z zadolževanjem, zaostritve v odnosih z bankami upnicami, napake pri upravljanju odvisnih družb – vsi ti dejavniki so prispevali svoj delež k nastanku težko obvladljivega položaja, v katerega je zašla družba KB1909. Novembra 2017 so delničarji večinsko privolili v začetek likvidacije. S postopkom likvidacije si goriška družba prizadeva doseči dogovor z upniki glede ustreznega načina prestrukturiranja dolgov. Na obzorju so tri možne alternative: postopna likvidacija družbe, preklic likvidacije, prisilni stečaj. Kriza finančnega holdinga KB1909 ne bo brez posledic za slovensko skupnost v Italiji, ki se je morala v prejšnjih desetletjih že sprijazniti s propadi Tržaške kreditne banke in goriške Kmečke banke.

The KB1909 financial company – the legal successor of Kmečka banka in Gorizia – is facing a severe crisis. Until a few years ago, the holding controlled about thirty affiliated enterprises. These enterprises operated in the FriuliVenezia Giulia region and in Slovenia, and have been also active on the markets of Central and South-Eastern Europe. An unprecedented crisis, low-performing investments, risk exposure, difficult relations with bank-creditors, and bad managerial decisions – all of these factors contributed to the development of a situation that is now difficult to manage. In November 2017, shareholders of KB1909 voted for its liquidation. The company must now reach an agreement with creditors on how to restructure its debt. There are three possible ways in which the crisis may end up, namely: a gradual liquidation of the company, a return to normal operating standards, or bankruptcy. The crisis of the KB1909 holding company will almost certainly negatively impact the Slovene community in Italy. In the past decades, the Slovene minority already experienced two significant failures – those of the Credit Bank of Trieste (Tržaška kreditna banka) and of the Agricultural Bank (Kmečka banka).

Liquidation of the Financial Company KB1909: Genealogy of the Crisis and Possible Outcomes