The Belgian Competition Authority grants a derogation from the standstill obligation in a bank rescue operation (Dexia)

On 13 October 2011, the Competition Council granted a derogation from the standstill obligation under which concentrations that are notifiable in Belgium cannot be implemented before clearance. The Belgian State obtained this derogation for its acquisition of the shares of Dexia Bank België NV (Dexia). Dexia is one of the largest retail and commercial banks active on the Belgian market. The Dexia