33100500_1 4 Belgium v Spain (Barcelona Traction) ICJ 1970 Belgian shareholders in Canadian company with investment in Spain. After Spanish courts/ authorities seized assets, Belgium sought to assert right to espouse diplomatic protection on behalf of shareholders.
Understanding the Best Interest Contract (BIC) Exemption Initially a more controversial part of the initial DOL proposal, the final rule includes a Best Interest Contract exemption that allows a financial institution to receive variable compensation.
Latest Articles by Specialist Writers. Our analysis is based on the Belize IBC company which is the most common type of entity used for offshore transactions in Belize. The Belize IBC is exempt from any income tax, capital gains tax and stamp duty in Belize. Not applicable since the Belize IBC is exempt from corporation tax.