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Stibbe advises KKR

Stibbe advises KKR on the acquisition of Exact Software from Apax Partners.

Stibbe advises PostNL

Stibbe advises PostNL on the acquisition of Sandd for an enterprise value of EUR 130 million.

Financial regulatory law update 2019

Several changes to Dutch financial regulatory laws entered into force in January and February 2019. In this article we provide a short summary of these changes.

Stibbe advises KAS BANK

Stibbe advises KAS BANK on the recommended all-cash public offer by CACEIS for KAS BANK.

The ACM follows EU approach in its first pharmaceutical merger

The Dutch Authority for Consumers and Markets (ACM) recently reviewed its first merger between two pharmaceutical companies.

The need for speed in mergers is no reason to ignore rights of defence

On 16 January 2019, the European Court of Justice clarified the procedural guarantees the European Commission needs to provide to merging parties during merger reviews.

Wetsvoorstel tot implementatie Vierde Spoorwegpakket op 29 januari 2019 aangenomen

Eerder schreven wij een blogbericht over de implementatie van het zogenaamde 'Vierde Spoorwegpakket'. In navolging van de Tweede Kamer (9 oktober 2018) heeft de Eerste Kamer het daartoe strekkende wetsvoorstel op 29 januari 2019 aangenomen.

UK investment firms will be temporarily exempt from the Dutch licensing requirement as of 30 March 2019

On 4 February, the Dutch Minister of Finance published an amendment to the Exemption Regulation under the Financial Supervision Act (Vrijstellingsregeling Wft). The amendment provides for a temporary exemption from the licencing requirement for investment

Britse beleggingsondernemingen worden na 30 maart 2019 tijdelijk vrijgesteld van de vergunningplicht in Nederland

De minister van Financiën heeft op 4 februari jl. een wijziging van de Vrijstellingsregeling Wft gepubliceerd. Ondernemingen die vanuit het Verenigd Koninkrijk in Nederland door middel van grensoverschrijdende dienstverrichting beleggingsdiensten verlenen

Stibbe advises the Walloon Transport Operator

Stibbe assisted the Walloon Transport Operator (OTW) with the creation of a brand new tramway network (11.7 km) including the construction of 21 stations and a new depot and the acquisition of trams in Liège, Wallonia.

Wet toezicht trustkantoren 2018 in werking getreden

Op 1 januari 2019 zijn de Wet toezicht trustkantoren 2018 en het bijbehorende Besluit in werking getreden. De normen waaraan trustkantoren moeten voldoen worden aangescherpt en toezichthouder DNB krijgt meer bevoegdheden om handhavend op te treden.

Private financiering van het openbaar vervoer in Nederland

In 2018 organiseerde Stibbe in Amsterdam in samenwerking met onder andere de International Project Finance Association (IPFA) en Railforum diverse seminars over private financiering van het openbaar vervoer in Nederland.

Juge des cessations incompétent en cas de contournement des instances de recours spécifiques dans une législation particulière

Dans son arrêt du 17 octobre 2018, la Cour d’appel de Bruxelles a fixé une limite importante à la possibilité débridée d’introduire des actions en cessation.

Coups de fil mécontents = dénigrement ?

L’affaire concerne le litige entre G. et son (ancien) sous-traitant, qui a éclaté lorsque G. a mis fin au contrat pour des travaux déterminés. Le sous-traitant question aurait effectivement mis fin aux travaux.

Loyalty rebate scheme 'saved' by pharma company's market misconceptions

The UK Competition and Markets Authority (CMA) recently closed its investigation into a discount scheme by dominant pharma company Merck Sharp & Dohme (MSD) aimed at preventing the National Health Service (NHS) from switching to competing biosimilars.

Fine liability in antitrust cases is closely scrutinised by Dutch courts

A parent company can be held liable for a subsidiary's anti-competitive conduct if the parent has exercised decisive influence over the subsidiary, because the two are then considered a single undertaking.

Tick-tock: no reset of the appeal clock for amending Commission decision

The European Court of Justice recently upheld the General Court's order finding that metal production and recycling company Eco-Bat had submitted its appeal outside of the appeal term.

European Court of Justice sets aside Portuguese rules time-barring a damages action

The European Court of Justice recently confirmed that if the EU Damages Directive does not apply, it is up to national rules to enable claimants to effectively claim EU antitrust damages.

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