Stibbe is representing one of the largest global trust banks in entrusted assets
Matter
NL Law
Stibbe is representing one of the largest global trust banks in entrusted assets, in a dispute relating to the EUR 1.3 billion Ageas/Fortis settlement, which was declared binding by the Amsterdam Court of Appeal after years of mass damage claims.
Image
This dispute is to resolve fundamental questions on class settlements and the allocation of settlement amounts between injured parties. Despite resistance from Ageas and claim vehicles such as VEB and Deminor, JTSB's claims as initiated by the Stibbe team were awarded by an international Dispute Committee in ad hoc proceedings.
