Servizi
Court suspends publication of DNB fine
DNB's reason for publishing the resolution was that a legislative change effective from 1 August 2014 required it to make a pre-emptive announcement of its imposition of the fine. The Administrative Court rejected, among others this argument, on the grounds that the resolution to impose the fine came under the old regime, and any publication should consequently be suspended until full completion of the legal proceedings and a final decision has been rendered on the merits and the amount of the fine.
Given the ongoing legal proceedings, Delta Lloyd will not make any further comments on the case. For the sake of completeness, reference is made to the relevant Delta Lloyd press releases of 22 and 23 December 2014.
Copyright GlobeNewswire
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http://hugin.info/142905/R/1890661/669427.pdf
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