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.
An International Business Company or IBC as it is commonly called is a legal entity with limited liability that is normally used as an investment vehicle and is fully exempt from paying any form of tax in Belize.n International Business Company or IBC as it is commonly called is a legal entity with limited liability that is normally used as an investment vehicle and is fully exempt from paying any form of tax in Belize.