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.
Payments to some countries have a mandatory requirement for a BIC and/or IBAN. A BIC (Bank Identifier Code) is an international. standard for identifying the beneficiaryâs bank quickly and easily. An IBAN (International Bank Account Number) is an. international standard for identifying a customerâs account number anywhere in the world. Any payment transaction made to the.