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Results: 1-9 of 9

Financial transaction tax: sending shock waves through global financial services

  • Allen & Overy LLP
  • -
  • Belgium, France, Germany, Italy, Luxembourg, Netherlands, Spain, United Kingdom
  • -
  • March 5 2013

If it is implemented as proposed, the financial transaction tax (FTT) is likely to cause distortion to the financial sector, both within the EU and

Credit claims allowed as "financial collateral" and simplification of enforcement of collateral arrangements: implementation of Directive 200944EC

  • NautaDutilh
  • -
  • Belgium, Netherlands
  • -
  • January 23 2012

Since the entry into force of the Financial Collateral Act of 15 December 2004 (the "Collateral Act") implementing Directive 200247EC on financial collateral arrangements as regards linked systems and credit claims (the "Collateral Directive"), financial collateral arrangements have benefitted from increased flexibility and legal certainty in Belgium

International regulatory update 21-25 November 2011

  • Clifford Chance LLP
  • -
  • Australia, Belgium, Czech Republic, European Union, Global, Hong Kong, Netherlands, United Kingdom, USA
  • -
  • November 28 2011

The Financial Markets Law Committee (FMLC) has published a paper responding to the UK government’s consultation paper entitled ‘A new approach to financial regulation: the blueprint for reform’, which was published in June 2011

Tax amnesty and bank secrecy: recent Swiss and Belgian developments

  • NautaDutilh
  • -
  • Belgium, Netherlands, Switzerland
  • -
  • September 16 2011

Despite the European Commission's pledge to continue to seek the full exchange of financial information, the Swiss Bankers Association (SBA) reported a few days ago on its website that two new agreements to resolve outstanding tax issues will enter into effect in 2013, with Germany and the United Kingdom, respectively

International regulatory update

  • Clifford Chance LLP
  • -
  • Belgium, European Union, Germany, Global, Hong Kong, Japan, Netherlands, Singapore, South Korea, United Kingdom, USA
  • -
  • July 4 2011

The FSA has published a document setting out its initial thinking on how the Financial Conduct Authority (FCA), which is expected to be established by end-2012, will approach the delivery of its objectives

CMS guide to restructuring, insolvency and distressed debt trading in Europe

  • CMS
  • -
  • Austria, Belgium, Bulgaria, Croatia, Czech Republic, European Union, France, Germany, Hungary, Italy, Netherlands, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Spain, Switzerland, Ukraine, United Kingdom
  • -
  • April 26 2011

This guide provides a comparative analysis of certain key areas of law and procedure for those involved in or affected by financial distress of a corporation and the trading of distressed debt across Europe

International regulatory update 7 - 11 March 2011

  • Clifford Chance LLP
  • -
  • Australia, Belgium, European Union, Global, Japan, Netherlands, Philippines, United Kingdom, USA
  • -
  • March 14 2011

IOSCO and the Committee on Payment and Settlement Systems (CPSS) have published a consultative report setting out a new set of principles designed to apply to all systemically important payment systems, central securities depositories, securities settlement systems, central counterparties and trade repositories

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."

Fortis shareholders reject sale of Fortis Belgium assets to BNP Paribas and sale of Fortis Dutch assets to Dutch government

  • Alston & Bird LLP
  • -
  • Belgium, Netherlands
  • -
  • February 11 2009

Following Monday's public announcement by Fortis Holding's largest shareholder, Ping An Insurance (Group) Company of China Ltd., that it would vote its shares against the partial sale of Fortis Assets to France's BNP Paribas (BNP), today, Fortis Holding shareholders formally rejected the resolutions to nationalize Fortis Bank SANV and Belgium's subsequent proposed sale of 74.9 of Fortis Bank to BNP, as previously announced this past October, and subsequently suspended by the Court of Appeals of Brussels this past December, pending a Fortis Holding shareholder vote