 It was this act that undermined the chances of a smooth succession and obliged Charles to spend the rest of his reign seeking to ensure enforcement of the Sanction from other European powers.Charles agreed to a demand from Britain that he close a trading company, (the Ostend Company), which was based in the Austrian Netherlands and that he himself founded in 1722.However, by 1735 he had secured approvals from key states, most importantly the Imperial Diet, which in theory bound all its members including Prussia and Bavaria.