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Belgian regulator says Nyrstar misled market over liquidity before restructuring.
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
Oct 162 min read


Complex Governance Reduces Belgium’s Market Watchdog to a Wagging Puppy
“Together, we can make our societies open for business but closed for crime.” The words of Belgian Prime Minister Bart De Wever at the United Nations still resonate as I work my way through the 146-page decision of the FSMA Sanctions Committee on market manipulation at Nyrstar NV. The Committee’s mandate was clear: to determine the sanctions for four violations identified by the FSMA’s auditor after years of investigation. His exhaustive reports left little doubt that Nyrstar
Oct 145 min read


Inertia as a tactic: Trafigura's ‘Belgian Torpedo’
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,...
Jul 182 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 41 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 172 min read


The stock market regulator FSMA recently reprimanded the listed company Nyrstar in a letter.
Pleadings were held yesterday before the Turnhout District Court for the appointment of a provisional administrator at Nyrstar NV. The...
Jan 102 min read


Court adjourns decision on appointment of administrator for Nyrstar
The court in Turnhout has postponed the appointment of a provisional administrator for Nyrstar pending the results of the investigations...
Jan 91 min read


When Loyalty Clashes with Duty: Legal Battle Brews at Nyrstar
It appears that, as part of the restructuring of Nyrstar, the listed residual company Nyrstar NV was transformed into a shell company...
Aug 31, 20242 min read


Where does the moral compass of young lawyers point?
Two special committees have been formed within the Nyrstar Board of Directors: one to follow the investigation by the Financial Services...
Jul 25, 20241 min read


MINORITY SHAREHOLDERS NYRSTAR PLEAD FOR LEGISLATIVE CHANGES
The Court of Cassation has rejected our appeal against the decision of the Antwerp Court of Appeal of 17 November 2002. This ruling...
May 1, 20242 min read


Nyrstar owner Trafigura admits founder approved bribes
While Trafigura , the (former) directors of Nyrstar NV and their respective armies of advisors in Belgium remain deafeningly silent...
Apr 4, 20241 min read


Politicians, it is now your turn to act!
After more than five years of struggle by a group of minority shareholders against Trafigura's takeover of Nyrstar, and with the facts...
Mar 28, 20241 min read


Netherlands Breaks with Self-Regulation in Legal Profession
In the Netherlands, a break is being made with corporatist oversight in the legal profession:“Oversight of the legal profession is being...
Jun 28, 20231 min read


Second group of Nyrstar shareholders takes legal action
Here is some more colour to support my statement that the Nyrstar General Meeting was a demonstration of malgoverno. The Board of...
Jun 24, 20232 min read
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