Source:
https://scmp.com/business/china-business/article/1046451/ping-files-arbitration-claim-against-brussels-over
Business/ China Business

Ping An files arbitration claim against Brussels over investment loss in Fortis

Mainland insurer seeks to recover losses from investments in Fortis after state-led break-up

Based in Brussels, Fortis was a costly investment for Ping An.

Ping An Insurance (Group), the country's second-biggest insurer, has filed an international arbitration claim against the Belgian government in an attempt to recover losses from investments in what was once the European country's largest financial services group, Fortis.

Ping An yesterday confirmed the claim had been made, after it was first reported by the International Arbitration Reporter news service.