Belgium

Results for Belgium

HSBC’s Swiss Private Bank Charged in Belgium Tax Fraud Inquiry

The Swiss private banking arm of HSBC has been charged by Belgian authorities with assisting wealthy individuals to avoid paying taxes on several billion dollars in assets, the International New York Times DealBook blog reported. A Belgian investigat ...

Daily Headline - global.abi.org - 11/17/2014 - 20:09 - 0 comments

Belgian Law Firm Deminor Says Contacted By OW Bunker Investors

Belgian law firm Deminor said it had been contacted by 15 to 20 investment firms considering legal action over the failure of OW Bunker, the world's largest shipping firm which filed for bankruptcy a week ago, Reuters reported. Deminor, which specia ...

Daily Headline - global.abi.org - 11/16/2014 - 20:54 - 0 comments

Italy, France Back Off From Budget Clash With Brussels

Italy and France backed away from a clash with the European Commission over their 2015 budgets on Monday by pledging extra measures to cut their deficits, The Wall Street Journal reported. The move comes after the commission, the European Union’s exe ...

Daily Headline - global.abi.org - 10/27/2014 - 21:09 - 0 comments

KBC Rules Itself Out Of Link-Up With Ulster Bank

Belgian financial institution KBC appeared to rule itself out yesterday from any interest in a link-up with Ulster Bank in the Republic as part of the strategic review being carried out by that bank’s parent company, Royal Bank of Scotland, the Irish T ...

Daily Headline - global.abi.org - 06/18/2014 - 21:23 - 0 comments

Love me tender: How a project rocked INSOL Europe

The European Commission in Brussels engaged in the reform of the European Insolvency Regulation in 2012. The goal of the reform was to adapt the Insolvency Regulation to the changes that had occurred over the last 10+ years and to strengthen the resc ...

Resource Article - twallace@abiwor... - 05/29/2014 - 09:52 - 0 comments - 1 attachment

Commission recommends new approach to rescue businesses and give honest entrepreneurs a second chance

The European Commission has today set out a series of common principles for national insolvency procedures for businesses in financial difficulties. The objective is to shift the focus away from liquidation towards encouraging viable businesses to restru ...

Resource Article - twallace@abiwor... - 03/24/2014 - 16:45 - 0 comments - 1 attachment

KBC Makes €775 Million Provision For Bad Debt

KBC Bank Ireland chief executive John Reynolds is to step down after almost 30 years with the company, the Irish Times reported. The Belgian lender also announced it would need to make a provision of up to €775 million in the fourth quarter for poten ...

Daily Headline - global.abi.org - 11/14/2013 - 21:41 - 0 comments

Dexia In Talks With New York Life To Sell Asset Management Arm

Belgian financial group Dexia has entered into exclusive talks with New York Life Investments to sell its asset management unit, it said late on Thursday. The group, which has to sell Dexia Asset Management as part of a deal with European regulators in e ...

Daily Headline - global.abi.org - 09/19/2013 - 21:39 - 0 comments

Belgium: amendments to the Prospectus Act and to the Prospectus Regulation

The Prospectus Directive 2003/71/EC (the "Prospectus Directive") and the Prospectus Regulation No 809/2004 (the "Prospectus Regulation") were amended by Directive 2010/73/EU (the "Amending Directive") and Regulations Nos 311 ...

Resource Article - twallace@abiwor... - 09/23/2013 - 12:33 - 0 comments - 1 attachment

Can Debt Cuts Be Automated?

Greece’s announcement Monday that it ran a primary surplus for the first seven months of this year – a key condition for further help from Athens’ euro zone partners — is set to intensify a debate that has been bubbling in the background for some time: H ...

Daily Headline - global.abi.org - 08/12/2013 - 21:48 - 0 comments

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