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.
A BIC is a code used to identify banks worldwide. A BIC is the same as a SWIFT code; the terms are interchangeable. A BIC will either have 8 or 11 digits. Ask your receiver for the BIC if itâs required in their countryâyou can check our Direct to Bank Account country information to confirm the information youâll need.