Belgium

Results for Belgium

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 - 17:45 - 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 - 22:41 - 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 - 22:39 - 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 - 13:33 - 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 - 22:48 - 0 comments

KBC Ireland Records €69 Million Loss Despite Drop In Loan Impairments

KBC Bank Ireland recorded a €69 million loss after tax and charges for impaired loans for the three months to the end of June, the Irish Times reported. This was down from €96 million in same period last year. The Belgian lender said Irish loan impai ...

Daily Headline - global.abi.org - 08/08/2013 - 22:19 - 0 comments

Belgium’s Tax System Gets Fairer

Fairness. Everyone loves being fair, right? So who can resist a fairness tax? Not the Belgian government, The Wall Street Journal Brussels Beat blog reported. In late-night negotiations to trim billions off the country’s budget and meet European Unio ...

Daily Headline - global.abi.org - 07/02/2013 - 20:20 - 0 comments

Brussels Bank Resolution Blueprint Sets Up Clash With Germany

Brussels is to propose giving itself powers to wind up failing eurozone banks, in an uncompromising banking union plan that pays little heed to Germany’s legal and political concerns. According to a summary of the “single resolution mechanism” proposal s ...

Daily Headline - global.abi.org - 06/03/2013 - 20:50 - 0 comments

OECD - Who Cares? Corporate Governance in Today’s Equity Markets

There are two main sources of confusion in the public corporate governance debate. One is the confusion about the role of public policy intervention. The other is a lack of empirical knowledge about the corporate landscape where rules are supposed to be ...

Resource Article - twallace@abiwor... - 09/19/2013 - 14:22 - 0 comments - 1 attachment

Alfacam Sees Risk Of Bankruptcy, Shares Suspended

Belgium-based Alfacam , the provider of Europe's largest fleet of outside broadcast vans, said it may have to file for bankruptcy if a final bid for protection under Belgian law fails, Reuters reported. The company, which also provides broadcast ser ...

Daily Headline - global.abi.org - 04/11/2013 - 21:55 - 0 comments

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