Two weeks ago, another milestone was reached in the legal battles following the nationalisation of SNS Reaal. An Amsterdam court held that the State of the Netherlands should pay expropriated securities owners more compensation for their losses.
Can SNS REAAL’s expropriated shareholders rely on European State aid law? The Dutch Council of State rules that they cannot.
A snow storm was blowing around our Law School last week. The financial sector seems to mirror current climatological extremes, as banking conglomerate SNS Reaal was nationalised two weeks ago.