7 February 2018: Stibbe hosts a Loan Market Association seminar

Short Reads - The Luxembourg Government proposes to introduce the non-deductibility of interest and royalties expenses of a Luxembourg taxpayer towards collective entities located in a blacklisted jurisdiction. This provision would be added through the amendment of article 168 of the Luxembourg Income Tax Law (LITL) through a bill of law that was introduced by the Government on 30 March.

Inside Stibbe - In a special Q&A (in Dutch), lawyers from our Amsterdam office share their legal expertise and strive to provide answers to questions put to us by consumers, self-employed persons, enterprises large and small, foundations and NGOs as a result of the corona crisis.

Short Reads - As COVID-19 spreads across the globe, companies face various legal issues related to the disease and its spread. These issues result in disruption to business, alongside the related regulatory and contractual implications. The crisis is severely affecting financial institutions and financial markets too. Both the Dutch and European financial regulators are closely monitoring the situation given the continuing impact of the COVID-19 pandemic on the financial markets.

Short Reads - In the Benelux and wider European market, many leveraged credit agreements still include certain financial covenants (including leverage covenants, interest and cashflow covers, etc.). All of these covenants rely (directly or indirectly) on the operational performance of a company (EBITDA). As it is expected that the coronavirus outbreak will negatively affect the operations of companies in a wide variety of sectors, any consequent breaches of financial covenants are likely inevitable.