Belgium criminalizes investment in cluster bomb manufacturers Lisl Brunner at 12:56 PM ET
[JURIST] Belgium [JURIST news archive] has become the first country to criminalize investment in companies that make cluster bombs [JURIST news archive; FAS backgrounder]. Legislation passed the Belgian Senate [official website] on Thursday, and the Parliament plans to publish a list of companies that manufacture cluster munitions. Belgian banks KBC and Fortis [corporate websites] have already terminated their investments in such companies, and KBC has published its own list of manufacturers. The new law will prohibit Belgian banks from owning shares in cluster bomb manufacturers or offering them credit.
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