Articles

Just weeks before Nyrstar shareholders are scheduled to vote on the proposed discontinuation of the company, Nyrstar has been formally designated as a criminal suspect in the ongoing investigation into the controversial 2019 restructuring. Combined with a new intervention by Belgium’s financial regulator, the FSMA, this development could have significant implications for the upcoming General Assembly and the ongoing efforts by minority shareholders united through Nyrstar Coll

The government's plan to establish a dedicated financial prosecution unit is exactly what Belgium's justice system has needed for years. Those who are familiar with the Nyrstar case know precisely why. Belgian Minister of Justice Annelies Verlinden (CD&V) and Ismaël Nuino (Les Engagés), chair of the Parliamentary Justice Committee, announced the creation of a dedicated financial prosecution division within the federal public prosecutor's office. The announcement marks a turni

A new day, a new scandal. Commodity trading giants Vitol and Trafigura are now under investigation for fraud in Bolivia. This time, the accusations involve the smuggling of poor quality gasoline that is reportedly damaging vehicles across the country. This case does not stand alone. It adds to a growing list of controversies involving Trafigura in recent years. In Belgium a criminal investigation into the transfer of assets from zinc smelter Nyrstar to Trafigura is still ongo

The FSMA Sanctions Commission did find misleading practices at Nyrstar and convicted it of market manipulation related to its liquidity position prior to the restructuring. The other allegations, despite having been thoroughly analyzed for four years by the FSMA Auditor, were dismissed two years later, after six years of proceedings, including five days of closed-door hearings, without even consulting the minority shareholders' union that had been working on the case for more