The company’s court in Brussels has ordered BNP Paribas Fortis to pay €434,641 to Philippe Dirks, the former second-in-command in the bank.
The judgment from the corporate court is a fairly dry and factual read. In short, this means that Philippe Dirks is right about the main question. The main question was whether the bank was right to be accused of violating the bank’s code of conduct in a file between the bank and SD Worx, which it heads. BNP Paribas Fortis used this claim to not pay Dierckx variable compensation late on the basis of an incriminating internal investigation report.
However, this report does not address all the important points regarding the burden of proof. Dierckx has long claimed that the bank used this report to thwart his candidacy for president of Belfius Bank and Insurance.
Because Dierckx could not prove that the bank wanted to take his nomination as Belfius’ president off the air, among other things through a press leak, BNP Paribas Fortis was not asked to publish an official re-qualification of Dierckx in the press. Thus, the bank does not have to pay the opportunity cost of being absent from the Belvius presidency, which Dirks has set at €250,000. However, all payments Dierckx was still owed to her from his position at BNP Paribas Fortis that the bank’s remuneration committee erroneously refused to pay.
Dirks himself says in a comment on Standard He is very satisfied with the ruling. 434,641 euros received as deposit. I am happy with this reparation and I also feel that I am the moral victor. I am neither morally nor legally wrong.” Dirks, chairman of SD Worx, says he wants to turn the page.
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