Baros, Bicakcic & Partners has successfully persuaded the High Commercial Court in Banja Luka to upheld the decision of the District Commercial Court obliging Addiko Bank to pay firm client Vucko d.o.o. Jahorina a total of over BAM 1 million in damages, interest, and court costs.
Vucko Jahorina is a luxury hotel on the Jahorina mountain and ski resort in Bosnia and Herzegovina.
According to Baros, Bicakcic & Partners, “the court found that [Addiko Bank] was unjustly enriched at the expense of the loan beneficiary by miscalculating interest, even though it was not a loan with a CHF currency clause, therefore, the court obliged the bank to pay interest it had unreasonably calculated and collected.”
The Baros, Bicakcic & Partners team was led by Partner Predrag Baros.