Articles

Netherlands and UAE sign Investment Treaty

Netherlands and UAE sign Investment Treaty

Netherlands and UAE sign Investment Treaty

26.11.2013

On 26 November 2013 the Netherlands and the United Arab Emirates signed a bilateral investment protection treaty (BIT). The BIT is aimed at strengthening the ties between these two countries by promoting economic development and investments.
 

A BIT is an international agreement establishing the terms and conditions for private investments by nationals and companies of one state in another state. In short, a BIT sets forth actionable standards of conduct that apply to governments in their treatment of investors from other states, including (i) a fair and equitable treatment of investments from investors from the other state, (ii) protection from expropriation, (iii) free transfer of means and full protection and security, and (iv) an alternative dispute resolution mechanism, whereby an investor whose rights under the BIT have been violated could have recourse to international arbitration. Both the Netherlands and the UAE are party to the Convention of New York and the Convention on the Settlement of Investment Disputes. An arbitral award would therefore be enforceable in 149 different states, making this a highly effective instrument for dispute settlement.

The Netherlands has concluded around 90 BITs. This vast network of BITs, together with nearly 100 income tax treaties (for the avoidance of double taxation) ensures that the Netherlands remains a highly sought after jurisdiction for the establishment of international joint venture, holding and financing companies in relation to the Middle East (both inbound and outbound).

 

Team

Related news

17.05.2019 NL law
Stibbe wins Netherlands Tax Firm of the Year Award for the third time

Inside Stibbe - During the annual European Tax Awards organised by the International Tax Review, Stibbe was once again recognised with the ‘Netherlands Tax Firm of the Year Award’. This completes a hat-trick of Stibbe wins in this category, after also bringing home the Award in 2015 and 2017.

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

13.05.2019 LU law
Stibbe renforce son cabinet luxembourgeois en nommant trois nouveaux Counsel

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.

Read more

25.04.2019 NL law
Tax Alert - Further guidance on revised Dutch tax ruling practice

Short Reads - On 23 April 2019 the Dutch State Secretary of Finance has published a draft decree (the "Decree") and further guidance on the revised Dutch tax ruling practice for tax rulings with an international character ("international tax rulings"), expected to become effective as from 1 July 2019.

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