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.
exemption. 1  an exempting or being exempted; freedom or release from a liability, obligation, etc.; immunity. 2  the exempting from an individual's taxable income of a specified sum for the taxpayer and each dependent. the sum specified.