Has the eagle landed? Last Tuesday, Vino Timmerman, advocate-general to the Dutch Supreme Court, argued that ABN Amro should be allowed to sell its US subsidiary LaSalle to Bank of America without shareholder approval. Although the advocate-general’s opinion is not binding on the Supreme Court, it is generally followed. The court will provide its own verdict in mid-July.
Abigail Hofman,
July 04, 2007