ING wins EU reprieve

ING won a significant victory on Friday morning when the General Court of the EU found in favour of the Dutch Bank’s appeal. It brought the case against the European Commission’s 2009 decision on INGs restructuring and recapitalisation by the Dutch government. In essence the judgement means that ING can stop the difficult task of selling some of its best businesses, which include its Asian insurance business. The bank is not saying that any specific process has been halted, but ac…