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Equity raises: prospectus exemptions and share issuance approvals

In this note we discuss the interplay between prospectus exemptions and share issuance authorisations of listed Dutch companies. Prospectus exemptions are expanded under the EU Listing Act, but will Dutch issuers be able to take full advantage?

Commission publishes PSD3 and PSR Proposal; a tightening of the regulation of payment services providers in the EU

On June 28, 2023, the European Commission published a set of new legislative proposals, including PSD3, aimed at ushering in the digital era for payments and the broader financial sector, with a particular focus on consumers.

Deep dive into forward deals: forward funding and forward commitment

This article discusses the main considerations when considering and structuring forward deals.

On the Board room agenda: ESG & sustainability risks and opportunities throughout the supply chain

When handled properly, ESG and sustainability create opportunities for companies in the real estate sector to make their business model future proof
and to benefit the bottom line. ESG has thus become an important driver for business considerations.

The EU Green Bond Standard

In the blog below, Jeroen van Eck of our Financial Markets team looks back on, and ahead to, the developments surrounding green bonds in the EU.

EU Listing Act: Market Soundings Regime

Market soundings are a tool for issuers and financial market participants to gauge investor interest in potential transactions before they are publicly announced. These interactions often involve sharing inside information as defined by the MAR.

Emeline Maricq

Junior Associate Luxembourg

Stibbe advises on A24 Blankenburg DBFM/PPP project

Stibbe advised the lenders, consisting of a mix of bank lenders and the EIB, in the largest PFI transaction in recent years, providing finance to BAAK Blankenburg-Verbinding B.V.

Stibbe advises VEENIX consortium

Stibbe has advised the VEENIX consortium on on the tender, contracting and reaching financial close in the PPP Project A9 Badhoevedorp-Holendrecht in 2019.

ESG disclosure in equity prospectuses: current state of affairs

In a world where ESG takes centre stage, equity prospectuses will need to include disclosure on all material ESG-related matters.

Package of new anti-money laundering rules adopted by European Council

On 30 of May 2024 the Council of the European Union adopted the Anti-Money Laundering and Anti-Terrorism Financing Package (the AML Package). The AML Package will have consequences for market parties.

Stibbe advises Patron Capital Partners on a real estate financing for the acquisition of Nailloux Outlet Village

Stibbe advised Patron Capital Partners on the structuring and implementation of a real estate financing in connection with the acquisition of Nailloux Outlet Village in France.

Listing Act: Expanded exemptions for managers to trade during closed periods

In October 2024, the European Council adopted the EU Listing Act, a legislative package that includes changes to the Market Abuse Regulation. We discuss the expanded exemptions to the prohibition of PDMRs carrying out transactions during a closed period.

Listing Act: reversing MiFID II's unbundling regime – is it enough?

The Listing Act rolls back the unbundling requirements introduced by MiFID II by once again permitting joint payments for investment research and execution services. In this article, we address the background and practical implications of this amendment.

EU Listing Act enters into force 4 December 2024

The EU Listing Act, which includes updates to the Prospectus Regulation, Market Abuse Regulation, Markets in Financial Instruments Regulation, and to the Markets in Financial Instruments Directive, has been published on 14 November 2024.

Listing Act: Inside information disclosure in a protracted process

In April 2024, the European Parliament adopted the EU Listing Act. We discuss the removal of the obligation to immediately disclose an intermediate step in a protracted process that constitutes inside information under the Market Abuse Regulation.

Cross-border corporate lending into the Netherlands

Cross-border corporate lending is set for change as CRD VI introduces new licensing obligations, requiring non-EU lenders to reassess their activities in the Netherlands and the EU for all in scope contracts signed on or after 11 July 2026.

Listing Act: expanded prospectus exemptions

On 24 April 2024 the European Parliament adopted the EU Listing Act, a legislative package that includes changes to the Prospectus Regulation, the Market Abuse Regulation, MiFID II and MIFIR. In this article we discuss these expanded prospectus exemptions

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