The shareholders association VEB's behalf misled investors three legal procedures implemented over the nationalization of banking and insurance SNS.
The association signs on behalf of former shareholders of SNS objected to the nationalization by the State Council.
Also wants the association through a legal procedure, a fee for misled investors pan out. In addition, the VEB an mismanagement procedure itself against the former head of the bank and insurer. The association would like to know more or investors in recent years precisely informed about the losses in the real estate branch of SNS.
The problem is that the latter procedure for mismanagement at the Enterprise can only be brought by shareholders of a company. SNS was last week by Minister of Finance Dijsselbloem nationalized. This came all the shares of the ailing company owned by the government. Former shareholders can therefore no procedure in the Enterprise Applications.
'ERROR THAT NO SURVEY CONDUCTED SHAREHOLDERS MAY REQUEST'
The VEB has therefore written a letter to Minister Dijsselbloem which the association asks him if he is a survey on behalf of the request to submit. Another possibility is that the minister VEB authorizes a special survey says VEB director Jan Maarten Slagter. He calls it a flaw in the legislation that the nationalization former shareholders no survey may request:
"If there is no survey, it means that the old administration accountable never have to account to the former capital."
At the Council of State are dozens appeals entered against the nationalization decree. Next Friday, the highest administrative court hearing in which the parties can explain their appeal.
Slagter says that the principle is correct if the judge "this most far-reaching decision" tests. In addition, there is some substance to things on the nationalization, he says. "There was a new appreciation of the real estate loans made. On this basis there was a capital shortfall that a deadline had to be supplemented. "That did not work and SNS was nationalized. "This appreciation was crucial. Then a second opinion is in place. "
VEB gaat drie procedures voeren tegen nationalisatie SNS :: nrc.nl