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Stibbe advises Centtrip

Stibbe advises Centtrip, one the UK's premier and most innovative fintech companies, on expanding into the European mainland by setting up a regulated electronic money institution in the Netherlands and its licence application with the Dutch Central Bank.

Dutch national police service liable for unlawful granting of firearms permit

In a recent decision (ECLI:NL:HR:2019:1409), the Supreme Court has decided that the Dutch national police force is liable for damage suffered by victims of a shooting which took place in a shopping centre in 2011; an event that shocked the Netherlands.

Tax Alert: The Netherlands' Budget Day 2019: the impact of the Dutch 2020 Tax Package on international businesses

On Tuesday 17 September 2019 (Prinsjesdag) the Dutch Ministry of Finance published the 2020 Tax Package (Belastingpakket) including the 2020 Tax Plan (Belastingplan), i.e. a set of legislative proposals amending the national tax laws for the upcoming year

Wanted: fast solutions for fast-growing platforms

Dominant digital companies be warned: calls for additional tools to deal with powerful platforms in online markets are increasing.

No fine means no reason to appeal? Think again!

Whistleblowers who have had their fine reduced to zero may still have an interest in challenging an antitrust decision.

ECJ answers preliminary questions on jurisdiction in cartel damage case 

On 29 July 2019, the ECJ handed down a preliminary ruling concerning jurisdiction in follow-on damages proceedings in what is termed the trucks cartel.

Tackling Big Tech up-front? Time to stop thinking and start acting

Benelux competition authorities have published a joint memorandum on how best to keep up with challenges in fast-moving digital markets.

Safeguarding legal privilege: better safe than sorry?

The European Court of Justice recently ruled that the European Commission does not have to take additional precautionary measures to respect the right of legal professional privilege when conducting a new dawn raid at the same company.

The ACM has to pay: moral damages awarded to real estate traders

The Dutch Authority for Consumers and Markets (ACM) needs to cough up a total of EUR 120,000 in moral damages to three real estate traders.

It's in the details: HSBC fine quashed for insufficient reasoning

The General Court annulled the EUR 33.6 million fine imposed on banking group HSBC for its participation in the euro interest rates derivatives cartel.

The postman will no longer ring twice: Minister unblocks postal merger

The Dutch Authority for Consumers and Markets (ACM) recently blocked postal operator PostNL's acquisition of its only national competitor, Sandd, because this would create "a monopolist on the postal delivery market".

Margrethe Vestager to play matchmaker between enforcement and regulation

Current Competition Commissioner Margrethe Vestager may face even greater challenges in the next European Commission.

Consultation to amend Dutch AML laws

On 2 December 2019, the Dutch Minister of Finance and Minister of Justice and Security published a consultation containing plans to amend Dutch AML laws and regulations. A short summary of these plans is set out below. For more information on the broader

Big tech firms entering banking: be careful what you wish for

Big tech firms, whether entering or already active on payments markets, are under scrutiny. PSD2 has opened up the payments markets to non-bank companies, but this comes with both risks and opportunities.

Walking a thin line: cooperation and collusion

Buying groups are under attack from competition authorities across Europe.

Court of Appeal applies competition notion of undertaking in civil damages claim

The Court of Appeal of Arnhem – Leeuwarden recently applied the competition law notion of an 'undertaking' in a civil damages suit between TenneT and an entity belonging to the Alstom group of companies.

FAQ: What to do in case of administrative supervision?

Dutch supervisory bodies regularly use inspections to carry out administrative supervision.

Dutch court rules that investors suffer investment loss in the market where securities are listed and traded

On 29 January 2020, the Rotterdam District Court ruled on the question of which laws are applicable to the tort claims brought by (former) Petrobras investors against Petrobras (ECLI:NL:RBROT:2020:614).

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