Fraud Blocker
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Where does the moral compass of young lawyers point?

  • Writer: Joachim Vansanten
    Joachim Vansanten
  • Jul 26, 2024
  • 1 min read

Updated: Apr 22

Two special committees have been formed within the Nyrstar Board of Directors: one to follow the investigation by the Financial Services and Markets Authority (FSMA) and another to follow the lawsuits filed by the minority shareholders.



During the general meeting, the board of directors refused to disclose the dates on which these committees met, under the pretext that this information is 'confidential'. This may seem like an insignificant detail, but the reality is different. Mr. ARNAUTS emphasized the importance of this and asked the bailiff present to specifically include this fact in the minutes.


The importance of this is as follows: When minority shareholders request the minutes of these committees in future lawsuits, the opposing party will claim that we cannot specify which minutes are involved because we do not know the dates. This argument will then be used to claim that the minority shareholders are on a 'fishing expedition', or in other words that they are trying to gather information in the hope of discovering something, which increases the chance that the judge will reject their request. It is therefore a tactic of the directors and their lawyers to hide the truth.


A few young lawyers from Quinz's office were present at the general meeting, including an acquaintance of mine. I am curious to hear their views on this matter. After all, many people of our generation attach great value to the way they earn their money and strive to make a positive contribution to society. This behavior, however, seems more focused on concealing the truth and covering up potentially criminal activities.

Opinion

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