* DEMINOR GROUP * DAMAGE RECOVERY * CASES * NBB
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NBB

National Bank of Belgium

 

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Deminor represents a group of more than 200 investors with the aim of obtaining an improvement of their rights as shareholders of the NBB.

Deminor is of the opinion that the National Bank and the Belgian State cause harm to minority shareholders by way of a gradual transfer of the Bank's net assets to the State. In addition, there are numerous governance problems that Deminor has criticized.

Since 2002, Deminor attends the Bank's shareholder meetings and is asking questions about the Bank's management and more in particular its treatment of minority shareholders. Deminor has also disputed certain transactions between the Bank and the State and has filed law suits in this respect before the competent courts.

Minority shareholders have not been able to achieve any tangible result in these law suits in first degree. Appeal against those original judgments has been rejected by the Court of Appeals. Deminor is currently investing further steps in this case.

 

Latest update - 21 December 2010

 

 

 

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BNB update 23 march 2007