Articles

Flexibilization of Dutch B.V. law as per 1 October 2012

Flexibilization of Dutch B.V. law as per 1 October 2012

Flexibilization of Dutch B.V. law as per 1 October 2012

12.06.2012

1.  Introduction of the Flex-BV Act 
 
Today it was announced that the Act for simplification and flexibilization of private company law (de Wet vereenvoudiging en flexibilisering bv-recht) and the Implementation Act thereto (de Invoeringswet) (together: the "Flex-BV Act") will enter into force on 1 October 2012. These bills were adopted by the Senate today.

The introduction of the Flex-BV Act will make important changes to Dutch law that is applicable to private companies with limited liability (besloten vennootschappen or B.V.'s).

With the ease and flexibility created by the Flex-BV Act, the Netherlands will re-establish itself as the frontrunner in continental Europe when it comes down to the practicalities of setting up companies. In combination with the attractive Dutch corporate tax system, the broad double taxation and bilateral investment treaty network, this flexibility provides a unique proposition for establishing companies and joint ventures in the Netherlands. 
 
2.  Significant changes 
 
For the most significant changes to Dutch private company law, we refer to our Corporate Alert of November 2010.

Stibbe has further created a webtool (in Dutch only), indicating all major changes to B.V. law and required actions to be taken in relation to the legislative amendments. 
 
3.  Required actions in relation to the Flex-BV Act 
 
On 1 October 2012 the Flex-BV Act will enter into force with immediate effect. This means that from then on the new legislation will immediately apply to all B.V.'s. The new Act will ease a large number of corporate provisions; some will even be deleted entirely. Furthermore, the Flex-BV Act introduces more possibilities to deviate from the provisions of the law in the articles of association.

It is important to screen the articles of association of existing B.V.'s in order to establish what effects the implementation of the Flex-BV Act will have and which changes in the articles of association are desirable or required.

If you intend to incorporate a new B.V., or to amend the articles of association of an existing B.V., to make a distribution to or acquire shares from shareholders, or to effect a legal merger or demerger, and such transaction will be completed after the date the Flex-BV Act will come into effect, this will have consequences for the actions required to effect the transaction.

We will be pleased to advise you on the contents of the articles of association of your B.V. and the possibilities of the new legislation for your B.V.

Team

Related news

25.06.2019 LU law
The dawn of a new era of cross-border mobility within the EU?

Seminar - François Bernard, Senior Associate at Stibbe Luxembourg, will conduct a seminar in Luxembourg on 25 June in collaboration with Legitech on Directive proposal COM2018 (241 final) amending the cross-border merger regime currently enshrined in Directive (EU) 2017/1132 and introducing a new regime applicable to cross-border conversions and divisions.

Read more

03.06.2019 NL law
Toerekening van kennis van groepsvennootschappen

Articles - In de praktijk doet zich vaak de vraag voor of kennis die aanwezig is binnen de ene vennootschap kan worden toegerekend aan een andere vennootschap binnen hetzelfde concern. In dit artikel verkent Branda Katan zowel de dogmatische grondslag als de praktische toepassing van een dergelijke toerekening. Zij concludeert dat het ‘Babbel-criterium’ (heeft in de gegeven omstandigheden de kennis X in het maatschappelijk verkeer te gelden als kennis van Y?) geschikt is voor het toerekenen van kennis in concernverband.

Read more

18.06.2019 NL law
Countdown. Een cursus aftellen voor juristen

Articles - Hoe lang duurt een verzetstermijn nu precies? Voor juridische fusie schrijft art. 2:316 lid 2 BW voor dat tot een maand nadat alle te fuseren rechtspersonen de fusie hebben aangekondigd iedere schuldeiser bij de rechtbank tegen het voorstel tot fusie in verzet kan komen. Art. 2:317 lid 2 BW bepaalt vervolgens dat een besluit tot fusie een maand na de dag waarop alle fuserende rechtspersonen de fusie hebben aangekondigd kan worden genomen. De vraag is wanneer nu precies die verzetstermijn eindigt.

Read more

13.05.2019 LU law
Stibbe reinforces its Luxembourg office with the appointment of three new Counsel

Inside Stibbe - Stibbe reinforces its Luxembourg office with the appointment of Vanessa Schmitt (Corporate & Finance), Olivier dal Farra (Tax), and Frédéric Pilorget (Corporate & Finance) as Counsel. The new appointments have taken effect in April and allow Stibbe to further strengthen its Luxembourg tax and corporate and finance teams to continue to respond to market needs.

Read more

Our website uses functional cookies for the functioning of the website and analytic cookies that enable us to generate aggregated visitor data. We also use other cookies, such as third party tracking cookies - please indicate whether you agree to the use of these other cookies:

Privacy – en cookieverklaring