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Nyrstar's board of directors is sinking further into its self-created quagmire.
Another unexpected twist in the Nyrstar case: Kris Peeters withdraws as candidate director. What could be going on? Kris Peeters - © Filip Naudts CC-BY-SA 4.0 Until recently, Mr. Peeters was a director at the European Investment Bank (EIB). Some research reveals that Article 6.1 of the EIB's Code of Conduct for the Board of Directors stipulates the following after the end of such a mandate: "Former Members of the Board of Directors have the duty to behave with integrity an
Jun 19, 20252 min read


A Sector Ban to Restore Trust in Corporate Governance
The integrity of corporate governance is under increasing scrutiny — and rightfully so. Belgium’s recent history has shown how vulnerable...
Jun 15, 20252 min read


Critical Minerals, Critical mistakes: The Nyrstar report Europe Can't Ignore
In recent posts, I warned about Europe’s eroding grip on critical industrial capabilities. Now, new evidence from Australia confirms just...
Jun 5, 20251 min read


Europe Gave Away the Keys to its Strategic Future
While the EU voices its ambitions for strategic defence autonomy, technological leadership, and green transition goals, it has quietly...
May 30, 20252 min read


Europe's Green Dream is Being Built on Borrowed Zinc
Last April, De Tijd warned that Europe must build 40 new mines and metal factories by 2030 to meet its own green transition targets — a...
May 23, 20252 min read


The Erosion of Legal Ethics: When Law Firms Serve Power Over Principle
Opinion: Recent events have cast a spotlight on the troubling role of major law firms in enabling corporate misconduct. Law professor ...
May 5, 20251 min read


The Masks Are Off: Allen & Overy Sells Its Soul (Again)
It’s official: Allen & Overy Shearman (A&O) has inked a deal with Donald Trump. A&O is one of five so-called “elite” law firms that have...
Apr 17, 20252 min read


Italy’s biggest refinery in crisis three years after sale by Russia’s Lukoil
Another case of the #CuckooStrategy in action. Trafigura ’s playbook is becoming painfully familiar: leverage special situations emerging...
Apr 13, 20252 min read


A fierce communications battle lies behind the legal aspect of the Nyrstar affair.
The truncated communication from Nyrstar clearly does not please the Financial Services and Markets Authority ( FSMA ) and the Antwerp...
Apr 11, 20251 min read


The Nyrstar case: can justice still be done?
‘It seems that the justice system wants to send a strong message to politicians’, this week in Trends Tendances. Does the justice system...
Apr 7, 20251 min read


The Nyrstar Case: A Textbook Principal-Agent Problem
The classic 'principal-agent problem' played a central role in the Nyrstar case. Kris Vansanten describes how board members and legal...
Apr 5, 20252 min read


Trafigura Agrees to Pay $76 Million in Brazil Bribery Cases
Summary : In April 2025, Trafigura agreed to a $75.8 million settlement with Brazilian authorities, resolving civil cases stemming from...
Apr 1, 20251 min read


Podcast: "The Lobito Corridor: Trafigura on track for Africa's mining heartland"
Public Eye’s latest podcast investigates the Angolan corruption scandal involving Trafigura. It sheds light on how the company allegedly...
Mar 27, 20251 min read


Trafigura to Pay $126 Million and Plead Guilty to Brazil Bribes
"Trafigura Group will pay $126 million and plead guilty to US charges related to bribery in Brazil, in the latest case involving...
Mar 27, 20251 min read


Nyrstar parent company Trafigura wants to partially nationalize zinc group
'Critical infrastructure and smelting capacity are a national security issue and therefore they need some kind of government ownership or...
Mar 26, 20252 min read


Trafigura’s $1.1 Billion Mongolia Fraud Was ‘Humbling,’ CEO Says
illustration Summary : Trafigura CEO addressed the firm’s $1.1 billion fraud loss in Mongolia, calling it a “humbling experience” and a...
Mar 25, 20251 min read


Brussels court of appeal lashes out at federal government over investigator shortage
In a ruling in the Nyrstar case, the chamber of indictments at the Brussels court of appeal lashes out at the federal government for its...
Mar 21, 20252 min read


Nyrstar again under fire from FSMA for truncated communication
Here is the truth: the criminal investigation in Brussels into Nyrstar was closed solely due to a lack of resources, and the verdict...
Mar 21, 20251 min read
How do you commit a hold-up on a Belgian listed company?
How do you commit a hold-up on a publicly traded company in Belgium? By applying a cuckoo strategy, as this video explains in less than...
Mar 14, 20251 min read


Acquisition of Belgian flagship Nyrstar: hidden reports that embarrass Trafigura
'The biggest robbery in Belgian industrial history' is how Le Vif magazine describes Trafigura's role in the takeover of Nyrstar's...
Mar 7, 20252 min read
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