The company had become such a threat to British, Dutch, Portuguese, and French interests, that when Emperor Charles VI promulgated the edict of the Pragmatic Sanction of 1713, it was refused international recognition on the grounds of Ostend Company's success in the East Indies.
The company had become a significant threat to the interests of British, Dutch, Portuguese, and French powers, prompting Emperor Charles VI to issue the Pragmatic Sanction of 1713. However, this edict was not recognized internationally because Ostend Company's success in the East Indies was deemed too substantial.