Fortis Shareholders have their first battle against the dismantling of Fortis lost. Yesterday the Brussels commercial court decided Francine Tandt The sale of Fortis Bank to the French BNP Paribas not to suspend due to the credit crisis was overdue. Lawyer Mischaël Modrikamen is today appealed against the 'disappointing' ruling.
The verdict of The Tandt was not only a setback for the counsel and the 2000 shareholders he represents, but also for the Public Ministry. That suggested earlier this month that the sale only with the approval of the shareholders have happened.
Incorrectly, believes the Tandt, who also spoke again that the summit by Fortis politics was put out. Giving in to the demands of the victims, according to its means an "irreparable damage" for Fortis and would lead to mistrust in the financial markets.
In the packed courtroom investor mentioned many injured after a 'political' verdict. "So far I do not want to go," said Laurent Arnaut Modrikamen of the office. "But the political pressure from Prime Minister Leterme, the court certainly ingeboezemd fear."
Last week, the prime minister to joke that if the court blocked the transaction with BNP Paribas would stabbing, the government withdraws its support and a windfall for the budget occurs.
"A 'harmless' joke with a huge influence," said Arnaut, "because there came an immediate run on the bank' it. The politics behaves too much under the rules of politics. That also applies to the Dutch state. "Leterme itself pointed out yesterday at a press conference all been charged accusations of political pressure of the hand.
On appeal Modrikamen still hopes to reach that Fortis shareholders on the planned meetings beginning next month could decide whether the transactions with BNP and the Dutch state.
The verdict of The Tandt was not only a setback for the counsel and the 2000 shareholders he represents, but also for the Public Ministry. That suggested earlier this month that the sale only with the approval of the shareholders have happened.
Incorrectly, believes the Tandt, who also spoke again that the summit by Fortis politics was put out. Giving in to the demands of the victims, according to its means an "irreparable damage" for Fortis and would lead to mistrust in the financial markets.
In the packed courtroom investor mentioned many injured after a 'political' verdict. "So far I do not want to go," said Laurent Arnaut Modrikamen of the office. "But the political pressure from Prime Minister Leterme, the court certainly ingeboezemd fear."
Last week, the prime minister to joke that if the court blocked the transaction with BNP Paribas would stabbing, the government withdraws its support and a windfall for the budget occurs.
"A 'harmless' joke with a huge influence," said Arnaut, "because there came an immediate run on the bank' it. The politics behaves too much under the rules of politics. That also applies to the Dutch state. "Leterme itself pointed out yesterday at a press conference all been charged accusations of political pressure of the hand.
On appeal Modrikamen still hopes to reach that Fortis shareholders on the planned meetings beginning next month could decide whether the transactions with BNP and the Dutch state.
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