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NEWS

16/10/2017

Update on negotiations amended Fortis settlement

Ageas and the claimant organisations have been working intensively on an amended settlement that would address the main concerns of the Amsterdam Court of Appeal as expressed in its interim decision of 16 June 2017. No agreement has been reached yet and therefore an extension of the filing period was requested to the Court. In order to reach such an amended settlement, Ageas has decided to make a final additional effort of EUR 100 million.

16/06/2017

Fortis settlement not declared binding in current format and Court offers opportunity for amendments

Today the Amsterdam Court of Appeal issued an interim decision in relation to the request made by Ageas, Stichting FORsettlement and the claimant organisations (i.e. the Dutch investor association VEB, Stichting Investor Claims Against Fortis (SICAF), Stichting FortisEffect and Deminor) (together, the “Petitioners”) to declare the Fortis settlement entered into on 14 March 2016 binding.

24/03/2017

Next step in the Fortis settlement: public hearing was held

Today the Amsterdam Court of Appeal held a public hearing during which it heard the request to declare the Fortis settlement binding, as well as the arguments that were submitted against it.

21/02/2017

Ageas announces additional support for the Fortis settlement

Today Ageas announces that it has reached an agreement with the Luxembourg company Archand s.à.r.l. and affiliated persons (“Archand”) to support the Fortis settlement.

27/09/2016

Ageas announces next step in Fortis settlement procedure: public hearing

On 24 March 2017, the Amsterdam Court of Appeal will organise a public hearing as part of the procedure to declare the Fortis settlement agreement of 14 March 2016 binding.

27/06/2016

Ageas announces further important support for the Fortis settlement

Today Ageas announces that it has also reached an agreement with Mr. Geert Lenssens, of the Brussels based law firm SQ Law, who launched a number of legal actions related to the Fortis events of 2007 and 2008. After consulting with his clients, Mr. Lenssens will join the global settlement that Ageas reached on 14 March 2016 in connection with the various civil proceedings related to the former Fortis group. Alongside the initial signatories Deminor, Stichting FortisEffect, SICAF and VEB, this agreement has in the meantime been supported by Mr. Arnauts and as of today also by Mr. Lenssens.

23/05/2016

Fortis Settlement Agreement submitted today to the Amsterdam Court of Appeal

Ageas, Stichting FORsettlement and the claimants’ organisations, Dutch shareholder Association VEB, Stichting Investor Claims Against Fortis (SICAF), Stichting FortisEffect and Deminor (“The Parties”) announce that today they will jointly submit a request to the Amsterdam Court of Appeal to declare the settlement agreement of 14 March 20161 with respect to all civil proceedings related to the former Fortis group for the events in 2007 and 2008 binding.

23/05/2016

Settlement Agreement

Settlement Agreement dated 14 March 2016, as amended (translations will follow soon)

19/05/2016

Ageas announces additional support for the Fortis settlement

Today Ageas announces that it has reached an agreement with Mr. Laurent Arnauts, the Brussels based attorney who launched a number of legal actions related to the Fortis events of 2007 and 2008. Mr. Arnauts has confirmed, in agreement with his clients, that he will join the global settlement that Ageas reached on 14 March 2016 with Deminor, Stichting FortisEffect, SICAF and VEB, in connection with all the civil proceedings related to the former Fortis group.

14/03/2016

Ageas, Deminor, Stichting FortisEffect, SICAF and VEB reach agreement aiming at settling all Fortis civil legacies

Today Ageas and the claimants’ organisations, Deminor, Stichting FortisEffect, Stichting Investor Claims Against Fortis (SICAF), and Dutch shareholder Association VEB (“The Parties”) announce a settlement proposal with respect to all civil proceedings related to the former Fortis group for the events in 2007 and 2008 (”the Events”1).
The Parties will request the Amsterdam Court of Appeal to declare the settlement binding for all eligible Fortis shareholders in accordance with the Dutch Act on Collective Settlement of Mass Claims (Wet Collectieve Afwikkeling Massaschade, “WCAM”). This agreement will help all parties draw a line under lengthy and complex legal proceedings marked by uncertainties in terms of timing and outcome. For Ageas specifically, the agreement will allow the company to regain its full strategic and financial flexibility and to focus entirely on its Insurance business. To inform the general public about the settlement a dedicated website FORsettlement.com has been set up.