Articles

Nyrstar's zinc smelters are not fading industrial relics. They are quietly becoming some of the most valuable assets globally because of the critical minerals they can process. Try squaring that with the company's own narrative: a business apparently so unprofitable it needs state aid just to keep the lights on. A fresh piece of reporting out of Australia shows exactly why governments on the other side of the world are supporting Nyrstar's operations, even though they have no

The Belgian newspaper Gazet van Antwerpen published an article with testimonials of Nyrstar shareholders and the legal battle they have waged for the past seven years. Seven years ago this week, Nyrstar shares became worthless overnight, and thousands of minority shareholders were left empty-handed. Seven years of court proceedings and uncertainty followed. Today, the ground beneath this dossier has shifted, and it has shifted substantially, maybe even decisively. The article

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

A recent ruling by the ‘Marktenhof’ (Court of Appeal) highlights a critical gap in Belgium’s financial enforcement system. Minority shareholders challenged a decision by the financial watchdog FSMA, but were denied a substantive review. The court held that it lacks jurisdiction to reassess the case on its merits. The outcome raises serious concerns about accountability and judicial oversight in market abuse cases. Palace of Justice of Brussels A controversial FSMA decision In

The Market Court recently received a petition for the annulment and reform of the decision of the Sanctions Commission of financial watchdog FSMA in the Nyrstar case. The commission had found Nyrstar NV guilty of market manipulation. The company was fined €80,000, but its board members were acquitted. The commission ruled that there had been insufficient investigation into their individual roles in the manipulation. That ruling is now being challenged. The ball is therefore i

Minority shareholders who suffer huge losses are left waiting for years, while courts, despite their best efforts, lack the resources to...

The Nyrstar saga continues to make headlines. La Libre follows up on articles published by L'Echo and De Tijd and highlights a striking...

Our years of appealing for transparency in the sour Nyrstar file finally seems to have been heard. In this article by Bert Broens in De Tijd, it is now also explicitly confirmed that the Auditor of the FSMA concludes, after years of investigation, that Nyrstar has misled the market by not communicating transparently. photo © De Tijd For example, no less than 719 million euros in debt were kept hidden from the market. But there is more: our thesis that Trafigura has served its

The wheels of justice turn slowly – too slowly – and this undermines the credibility of the rule of law. In an opinion piece in De Tijd,...

Another case of the #CuckooStrategy in action. Trafigura ’s playbook is becoming painfully familiar: leverage special situations emerging...

The classic 'principal-agent problem' played a central role in the Nyrstar case. Kris Vansanten describes how board members and legal...

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...

'The biggest robbery in Belgian industrial history' is how Le Vif magazine describes Trafigura's role in the takeover of Nyrstar's...

“The greatest hold-up in Belgian industrial history” — that is how the magazine Le Vif describes Trafigura’s role in the acquisition of...

A true David versus Goliath story. The small shareholder against one of the most powerful companies in the world, Trafigura, which turns...

"The protection of minority shareholders and the strengthening of the Belgian capital market require well-founded analysis and policy....

Pleadings were held yesterday before the Turnhout District Court for the appointment of a provisional administrator at Nyrstar NV. The...

Is Nyrstar really suffering a $300 million loss due to historically low zinc processing wages, as a recent article in De Tijd seems to...

The court in Turnhout has postponed the appointment of a provisional administrator for Nyrstar pending the results of the investigations...

A major victory in our fight for better protection for minority shareholders! Today marks an important milestone in our ongoing fight for...