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The Cabinet paid around 900 million euros to investors who held certain bonds and had lent money to SNS Reaal and SNS Bank. The amount owed to the creditors had been expropriated when the government nationalized SNS Reaal in 2013, but the Supreme Court ruled last year that the Cabinet had to pay them over 700 million euros in compensation, and 200 million euros in interest. ....
The Dutch government must pay over 800 million euros in damages plus tens of milions in interest to the group of people and organizations who held bonds and lent money to SNS Reaal and SNS Bank, the Supreme Court said in affirming a ruling of the Ondernemingskamer, the commercial court at the Amsterdam Court of Appeals. While the expropriated debt holders were victorious, the former shareholders again lost out in the latest ruling. ....
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