The Dutch government should pay more than 800 million euros ($810 million) to holders of debt from a defunct bank, the country’s advocate general saidon Friday.
The advice brings investors a step closer to compensation after the government expropriated SNS Reaal NV’s bonds in 2013. It upholds a verdict issued by an Amsterdam court last year, which the Dutch finance ministry appealed.
The Supreme Court doesn’t have to follow the advice and will rule in January. A spokeswoman for the finance ministry said it’s aware of the advice and will await the final ruling.
SNS was nationalized after real ...
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