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Belgian and Dutch ministers and financial regulators met each other on 27 September to tackle the crisis. [5] [6] The following day, Fortis was partially nationalised on 28 September 2008, with Belgium, the Netherlands and Luxembourg investing a total of €11.2 billion (US$16.3 billion) in the bank. Belgium will purchase 49% of Fortis's ...
June 22 – U.S. Federal Bankruptcy Court in New York grants a permanent injunction against claims by creditors, including Bank of America. It came as a defeat for bondholders and their $868M in claims. The injunction will not apply outside the U.S. or to any Parmalat affiliates or subsidiaries not restructuring under Italian bankruptcy law. [30]
The Workers' Party of Belgium (French: Parti du travail de Belgique, pronounced [paʁti dy tʁavaj də bɛlʒik], PTB; Dutch: Partij van de Arbeid van België, pronounced [pɑrˈtɛi vɑn də ˈʔɑrbɛit vɑm ˈbɛlɣijə], PVDA; lit.
Chapter 7 bankruptcy. The most common type of bankruptcy, a chapter 7 filing involves liquidating — or selling — your assets to pay off your creditors and debts. Chapter 13 bankruptcy.
National sections of Volt Europa. The borders of the European Union are shown in red. Volt Belgium (short name: Volt, Dutch: Volt België, French: Volt Belgique, German: Volt Belgien) is a political party in Belgium.
The consulting firm Russell Reynolds, which also tracks CEO changes, said high turnover shows growing risk appetites and "a desire for leaders who can navigate increasing complexity in the macro ...
The National Bank was created by Minister Walthère Frère-Orban in 1850 with a unique hybrid status: in the form of a limited company, but with the main objective to carry out missions of general interest entrusted to it by legislation of 5 May 1850, including replacing the Société Générale de Belgique (SGB) as fiscal agent of the Belgian government.
According to CNN, TGI Fridays shuttered 50 locations last week before filing for Chapter 11 bankruptcy protection. The company had more than 270 locations worldwide before the closures.