Restructuring

Short Reads - Op 25 april 2018 heeft de Europese Commissie een voorstel voor een richtlijn gepubliceerd met betrekking tot grensoverschrijdende omzettingen, fusies en splitsingen.

Inside Stibbe - Stibbe renforce son cabinet au Luxembourg avec la nomination de Vanessa Schmitt (droit des sociétés et droit financier), Olivier dal Farra (droit fiscal) et Frédéric Pilorget (droit des sociétés et droit financier) en tant que Counsel. Ces nouvelles nominations ont pris effet au mois d’avril et permettent à Stibbe de renforcer davantage son équipe luxembourgeoise en droit fiscal ainsi qu’en droit des sociétés et droit financier afin de continuer à répondre aux besoins du marché.

Short Reads - Green finance and sustainable finance are trending topics. After green bonds becoming an increasingly common financing instrument, there is a growing demand by borrowers for green loans. For lenders on the other hand, also in view of various recent initiatives of the European Union in respect of sustainability, participation in (syndicated) green loans is expected to become more important within the investment criteria of a financial institution.

Speaking slot - On 1 June 2018, Rein van Helden will speak at the session "A look at intercreditor agreements – from the negotiating table to enforcement" and Barbara Bier will speak on the session “Returning cash to shareholders”.

Speaking slot - On 16 May 2019, Rein van Helden will speak at the session "Bye-bye banking? The rise of the challenger lenders."

Articles - Deze bijdrage gaat over de transitie van Interbank Offered Rates (IBORs) naar zogenaamde Risk Free Rates (RFRs) in het kader van geldleningen met een variabele rente waarvan het renterisico geheel of gedeeltelijk is afgedekt door middel van één of meer interest rate swaps. 

Short Reads - New rules on Customer Due Diligence and the reporting of suspicious transactions are about to enter into force. In addition, The Netherlands Authority for the Financial Markets announced a stricter monitoring of the reporting of unusual transactions by investment firms and investment funds.

Short Reads - On 25 April 2018 the European Commission proposed a new directive, amending the EU Directive 2017/1132 on company law. The proposed rules should support companies in moving from one EU country to another, i.e. cross-border mergers, divisions or conversions. However, the proposed rules for cross-border divisions and conversions will also require companies to get prior consent from a competent national authority before moving. Who will act as such authority is not clear yet.