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.
Wiktionary (1.00 / 1 vote) Rate this definition: exemption (Noun). An act of exempting. exemption (Noun). The state of being exempt; immunity. exemption (Noun). A deduction from the normal amount of taxes. exemption (Noun). Freedom from a defect or weakness.iktionary (1.00 / 1 vote) Rate this definition: exemption (Noun). An act of exempting. exemption (Noun). The state of being exempt; immunity. exemption (Noun). A deduction from the normal amount of taxes. exemption (Noun). Freedom from a defect or weakness.