Ethics and governance in the European Financial centers

Reuters has reported what Luc Frieden said the day before yesterday about :
"I would encourage all parties involved to sit around a table and look for an extra-judiciary solution"
"It is always negative if court cases take a long time"
"It would be in the best interest of all parties if rather than having numerous court cases they would sit around a table."

As I explained despite what professionals and politicians in Luxembourg are saying, the Luxembourg framework allowed the situation.
I can understand UBS.

As I said in January, It is morally up to the Luxembourg state to compensate the clients for the Luxalpha disaster and sit around a table and look for an extra-judiciary solution with UBS for the refund.

Luxembourg has lost 2 months that damaged the country's reputation as a financial centre