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ABN AMRO merger with Fortis Bank likely delayed until 2010; EU extends deadline for Dutch government to divest of certain assets before merger
- Alston & Bird LLP
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- European Union, Netherlands
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- October 7 2009
Today, ABN AMRO Group announced that it would not complete the split of a majority of its assets from Royal Bank of Scotland, NV (RBS NV), a prerequisite to the Dutch government's planned merger of ABN AMRO NV with Fortis Bank SANV, until the "1st quarter of 2010" at the earliest
European Commission announces decisions on state aid for KBC, ING and Lloyds
- Alston & Bird LLP
- -
- Belgium, European Union, Netherlands, United Kingdom
- -
- November 18 2009
Today, the European Commission (EC) announced decisions regarding state aid for KBC Group NV (KBC), ING Groep NV (ING) and Lloyds Banking Group (Lloyds), which will "secure their long term viability," "require each of these banks to contribute substantially to the financing of their restructuring," and "ensure that none of these banks will enjoy an unfair competitive advantage as a result of the very large-scale public support they have received."
Commission endorses restructuring plans and illiquid asset back-up facility for ING
- Squire Sanders
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- European Union, Netherlands
- -
- December 31 2009
On 13 November 2009, the Commission approved a restructuring plan for ING Groep NV under the EC State aid rules
Dutch Minister of Finance opposed to supervision of banks by European Central Bank
- De Brauw Blackstone Westbroek
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- European Union, Netherlands
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- January 31 2009
Mr Bos, the Dutch Minister of Finance, is opposed to supervision of European cross-border financial institutions by the European Central Bank (ECB
New EU and national rules on remuneration in listed companies and financial institutions
- NautaDutilh
- -
- European Union, Netherlands
- -
- May 20 2009
At present, there are many calls from different quarters urging the adoption of sustainable and moderate remuneration policies by listed companies and financial institutions
Brussels to the point
- NautaDutilh
- -
- European Union, Netherlands
- -
- June 3 2009
The financial crisis, which many initially viewed as a crisis of confidence caused by a loss of trust in banks, has developed into a full-fledged economic crisis, resulting in worldwide redundancies and a reduction in the purchasing capacity of consumers and companies alike
Commission announces investigation into State aid to Fortis and ABN Amro
- McDermott Will & Emery
- -
- European Union, Netherlands
- -
- April 10 2009
The European Commission has opened an in-depth investigation concerning the compliance with EU State aid rules of State measures in favour of Fortis Bank Nederland (FBN) and ABN Amro
Commission temporarily authorises illiquid asset facility for ING
- Squire Sanders
- -
- European Union, Netherlands
- -
- April 7 2009
The European Commission has granted temporary clearance to the illiquid asset back-up facility provided by the Dutch State to the financial group ING, with final approval dependent on the result of an in-depth investigation
European Commission opens investigation of Dutch aid to Fortis
- Alston & Bird LLP
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- European Union, Netherlands
- -
- April 9 2009
Yesterday, the European Commission announced the opening of "an in-depth investigation under EC Treaty state aid rules" to determine whether the Dutch government's October purchase of Fortis Bank Nederland (Holding) NV (FBN) from Fortis SANV and Fortis NV, the subsequent provision of tens of billions in loans to FBN, and the government's December purchase of FBN's stake in ABN Amro NV (ABN) for 6.5 billion, were all "in line with EU state aid rules."
Bill submitted to Parliament to implement the Payment Services Directive
- De Brauw Blackstone Westbroek
- -
- European Union, Netherlands
- -
- April 23 2009
The Ministry of Finance has submitted a bill to Parliament to implement the Payment Services Directive (200764EG
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