Results for Belgium
- Postponement of the Entry into Force of the New Act on Security Interests in Moveable Assets
On 11 July 2013, Belgium adopted new legislation on the creation and enforcement of security interests in moveable assets (the "Act"). The purpose of the Act is to significantly reform and modernise security interests in movable assets. Initial ...
Resource Article - global.abi.org - 12/15/2014 - 09:31 - 0 comments - 0 attachments
- “Registration of pledge on movable property and security trustees in Belgium”
by Roel Fransis The law of 11 July 2013 (the “Law”) will reform the common legal regime for security rights in movable property (in addition to the regime applicable to financial collateral governed by the Law of 15 December 2004 implementing Direc ...
Resource Article - global.abi.org - 12/15/2014 - 09:20 - 0 comments - 1 attachment
- 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