Finance minister to open international financial tribunal in The Hague
Finance minister Jan Kees de Jager will Monday open the new international financial tribunal in The Hague which will mediate in disputes about complicated financial products.The tribunal's secretary-general Gerard Meijer told Nos television there is great demand for an independent body to examine financial differences of opinion involving financial firms and investors.
Both sides in a dispute must agree to let the panel take a case before it can be considered. The aim is to 'facilitate dispute settlement, reduce legal uncertainty and foste stability in the global financial markets,' according to the organisation's website.The panel's official name is Prime Finance - Panel of Recognised International Market Experts - and it will be hosted at the Peace Palace. The tribunal will be able to call on 100 experts to arbitrate or mediate in cases involving derivatives and financial products.
Article added on 17-01-'12.
- 16-05-'12
Bioprocess Pilot Facility in Delft officially opened
CSM, Royal DSM and Delft University of Technology are participating in a joint venture for bioprocess research. The new company Bioprocess Pilot Facility BV (BPF) is based in Delft and aims at scale-up research and education for next generation bioprocesses. The official opening of the facility is today May 15, 2012. read more >>> - 03-05-'12
Company of the Month May | Cheil, a Korean word meaning 'The Best or Number 1'
Cheil Benelux is part of Cheil Worldwide, an international communication agency with 49 offices in 27 countries. Cheil is a Korean word, pronounced as [Tsjiel] and meaning ‘The Best or ‘Number 1’. read more >>> - 26-04-'12
Lufthansa to launch flights to Rotterdam The Hague Airport
Lufthansa is launching a new route to Rotterdam The Hague Airport. From 1 October 2012, the twice-daily service will be operated from Munich. read more >>>
