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FDI: Treatment and operations, nes
According to numerous and consistent reports, the government of Laurent Gbagbo nationalized four banks as of 17 February 2011. The government justified its action on the grounds of unlawful closure of the nationalized institutes. According to Ivorian law, banks must announce holidays three months in advance. A period which the four banks are accused to have missed.
The four institutes are the Ivorian subsidiaries Citigroup, BNP Paribas, Societé Generale and Standard Chartered.
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