This is the result of a ruling by the Supreme Court Friday in a case that was brought by Leaseproces, the sister organization of Consumers Claim.
These are people who signed a share leasing contract through intermediaries to providers as Dexia and Aegon. These agents do not have the permit needed for advice. The Supreme Court blames the providers heavy that they spelled out that advice through these intermediaries took place without a permit.
Large debt
Security lease products where money was borrowed to buy shares, were late nineties immensely popular. After the bursting of the Internet bubble in 2000. Share prices fell and got hundreds of thousands of investors with large debts. In 2007, a regulation was adopted in which they were paid only part of the damage.
By the ruling of the Supreme Court to victims who invested through unauthorized intermediaries get back the full amount invested, including statutory interest. Their any remaining debt is forgiven. The average loss is around 30,000 euros, according Leaseproces.
200 million
A spokeswoman for Aegon late in a reaction known that the statement primarily covers Dexia and the insurer will study sentence. According Leaseproces the cost of Dexia able to reach this verdict to approximately 200 million euros. The Belgian bank was not the great news that the Supreme Court has made us still the same after all these years immediately reached for comment.
” For our clients. Once again shows that it pays to litigate, ” said a spokesman for Leaseproces
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