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Short Reads - Following the Luxembourg government’s declaration of a state emergency on 28 March 2020 and as part of the new measures implemented in response to the unprecedented and unforeseeable consequences of the Covid-19 pandemic, the country has adopted a new law in an effort to support businesses suffering financial consequences.

Short Reads - Measures taken by multiple jurisdictions in an attempt to stop the spread of the corona virus (COVID-19) affect many people and businesses. Organizing and attending physical board meetings in the Netherlands or elsewhere may be challenging in these times and this may affect a company’s (Dutch) tax position. Below we discuss the potential impact of the measures and provide some preliminary practical guidance.

Short Reads - Op 8 april 2020 is het voorstel voor de Tijdelijke wet COVID-19 Justitie en Veiligheid bij de Tweede Kamer ingediend. Dit wetsvoorstel maakt het onder meer mogelijk dat rechtspersonen onafhankelijk van wat er in de statuten staat kunnen bepalen dat vergaderingen slechts via elektronische weg toegankelijk zijn voor de vergadergerechtigden en bepaalde wettelijke termijnen kunnen worden verlengd. De verwachting is dat de wet spoedig in werking kan treden.

Short Reads - The COVID-19 pandemic has a significant and immediate adverse effect on many companies in different industries. Many PE portfolio companies are particularly vulnerable given the typical high leverage finance structure and inherent need to maintain cash flow. To meet these challenges and mitigate liability risks, management and owners may need to take clear and immediate action (and refrain from certain other actions) in the interest of all stakeholders. The following sets out some key legal guidelines for management and owners when dealing with a Dutch subsidiary in distress.