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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


The recent articles in De Tijd about Nyrstar's activities in Belgium evoke mixed feelings.
Yes, a battery park in Balen provides job security and contributes to the energy transition, and we can only applaud that. And yes,...
Sep 22 min read


A Battle for Accountability
A true David versus Goliath story. The small shareholder against one of the most powerful companies in the world, Trafigura, which turns...
Feb 51 min read


Reflections around the hearing to strengthen Belgium's capital market
"The protection of minority shareholders and the strengthening of the Belgian capital market require well-founded analysis and policy....
Jan 281 min read


Singapore-Based Trafigura Group Hit by Multiple Scandals
The post published by the well-known whistleblower Julie O'Connor confirms once again that Trafigura is under scrutiny by regulators in...
Jan 62 min read


When crimes are no longer under investigation
Isabel Albers writes in De Tijd: 'We should not accept that our police and judicial systems are so dysfunctional. The judicial system is...
Dec 21, 20242 min read


Mithra, Biocartis, Nyrstar: are small shareholders being abandoned?
This is a great victory in our fight for better protection of minority shareholders in Belgium! Today marks an important milestone in our...
Nov 26, 20242 min read


Parliament to consider better protection for small shareholders
A major victory in our fight for better protection for minority shareholders! Today marks an important milestone in our ongoing fight for...
Nov 26, 20241 min read


A major step forward for significantly improving the protection of minority shareholders.
Yesterday, the Finance Committee of the House of Representatives held a hearing on strengthening the position of minority shareholders in...
Nov 23, 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


The justice system's shameful stain
Isabel Albers writes in De Tijd: 'There are too many structural problems with Lady Justice. And I don't even want to mention the...
Feb 17, 20241 min read


Justice Department looks the other way in Nyrstar case
Rik Van Cauwelaert's column is spot on. 'The Belgian judiciary has a regrettable shortcoming: it is no longer able to resolve financial...
Jan 5, 20242 min read


Shareholders can stop sale of crown jewels
The federal government is tightening rules on the sale of significant assets and corporate governance at listed companies. Very nice to...
Jul 19, 20231 min read


Open letter: "Appeal to the Belgian Government and the Presidents of the Belgian Political Parties"
The signatories of this appeal are individuals or companies who intentionally invest in Belgian enterprises.We do this from a perspective...
May 27, 20206 min read
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