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Dutch Supreme Court rules that refurbishment of former woolen fabrics factory into retail center resulted in 'essentially new constructed real estate' for VAT purposes

On Friday 11 November 2022 the Dutch Supreme Court ruled that the refurbishment of a former woolen fabrics factory into a retail centre resulted in ‘essentially new constructed real estate’ (in wezen nieuwbouw) for Dutch VAT purposes.

FAQ: Consequences of the Didam judgment for the sale of land by governments

In the Didam judgment of 26 November 2021 (ECLI:NL:HR:2021:1778) the Supreme Court ruled that public authorities must sell land in a transparent manner that gives all interested parties the opportunity to bid.

Proposal to amend European Emission Trading Scheme (ETS) in context of Fit-for-55

One component of the Fit-for-55 climate package is a revision of the European Emissions Trading System (ETS) to allow the ETS to also contribute to the target of 55% reduction in greenhouse gases by 2030 compared to 1990.

Energy label C obligation in commercial lease relationships

From 1 January 2023, office buildings must have an energy label of at least level C. Office buildings that do not yet have an energy label C or better must be made more sustainable.

Increasing control of data centre locations

Due to the impact of the booming data centre market, Dutch municipalities and provinces adopt data centre policies and umbrella zoning plans to regulate data centre locations.

De ‘terugkijktermijn’ knoopt aan bij de datum waarop de ernstige beroepsfout heeft plaatsgevonden

Het gerechtshof Den Haag heeft op 21 december 2021 een belangrijke uitspraak gedaan over de 'terugkijktermijn' van art. 2.87 lid 2 sub b Aw 2012 (ECLI:NL:GHDHA:2021:2487).

ESG: European Commission consults on Renewed Sustainable Finance Strategy

While battling the COVID-19 outbreak, the European Commission does not lose sight of the long-term objective to fully embed sustainability in the financial services landscape.

Variabele rente in LMA-documentatie na de benchmarktransitie

Er is de laatste tijd veel te horen en te lezen geweest over de benchmarktransitie (voor een beknopte beschrijving van die transitie verwijs ik graag naar mijn artikel van 7 augustus 2020). Het artikel dat u nu leest gaat over een deelonderwerp van de ben

Loan Market Association publiceert aanvulling op bestaande Revised Replacement of Screen Rate Clause in reactie op aanbeveling van Working Group on Sterling Risk-Free Reference Rates

In het kader van de rentebenchmarktransitie (voor uitleg en achtergrond, zie mijn vorige publicatie van augustus 2020) heeft de Loan Market Association (LMA) in mei 2018 een zogenaamde 'Replacement of Screen Rate Clause' gepubliceerd die partijen in hun o

ARRC releases recommended contractual fallback language for U.S. Dollar LIBOR syndicated loans

By now almost everyone knows that the world of interest rate benchmarks is going to change.

Stibbe advises Panda Green Energy

Stibbe assisted Panda Green Energy, formerly known as United Photovoltaics Group, with the Luxembourg aspects of the sale of six UK solar farms, with a combined capacity of about 82.5MW, to Greencoat Solar.

Belgium's Energy & Climate Plan - What is the legislative framework for climate policy in Belgium?

Belgium adopts the first version of the National Energy & Climate Plan, which is a compilation of three individual climate plans from each of Belgium’s regions. It contains specific measures aiming to reduce CO2 emissions in Belgium.

Results of ISDA consultation on benchmark fallbacks now available

Results of ISDA consultation on benchmark fallbacks now available. As part of an initiative to amend its standard derivatives documentation to facilitate the replacement of existing interbank offered rates (IBORs) by new risk free rates (RFRs), the Intern

Stibbe advises Elementis

Stibbe advises Elementis, a UK listed global specialty chemicals company, on the acquisition of Mondo Minerals Holdings B.V. for an enterprise value of $600 million on a cash and debt free basis.

Stibbe advises Flemish government

Stibbe assisted the Flemish government in developing a legal framework for granting guarantees to funds, as a result of which financial institutions can free up capital to continue lending to the market.

Digital Law Up(to)date: Belgian legislator strengthens legislation on crypto-exchange and wallet service providers

On 11 February 2022, the Belgian Official Gazette published a new law modifying the Belgian anti-money laundering law. The objective of the text is to introduce new provisions to regulate crypto-exchange and wallet service providers.

EBA Reports on Virtual IBANs

On 24 May 2024, the European Banking Authority (EBA) published a report on virtual IBAN (vIBANs) in which the EBA set outs characteristics and use cases of vIBANs and comments on identified risks associated with this development in the payments market.

Dutch Supreme Court answers prejudicial questions on the interpretation of the concept 'essentially new constructed real estate' for VAT purposes

On Friday 4 November 2022, the Dutch Supreme Court answered prejudicial questions of the Zeeland-West Brabant District Court on the interpretation of the concept of ‘essentially new constructed real estate’ (in wezen nieuwbouw) for Dutch VAT purposes.

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