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 is defined as freedom from an obligation, duty or consequence. When everyone else is required to attend a meeting and you don't have to attend, this is an example of a situation where you have an exemption. an exempting or being exempted; freedom or release from a liability, obligation, etc.; immunity.