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.
BIC. Series of codes developed by the International Organization for Standardization (ISO) to identify banks and their branches.These codes are generally only used by financial institutions, to conduct business between banks, such as wire transfers.IC. Series of codes developed by the International Organization for Standardization (ISO) to identify banks and their branches.