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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.

Annotatie bij AbRvS 5 december 2018, nr. 201705445/1/A1

Last onder dwangsom. Overtreding artikelen 2.89, eerste lid, 2.90, eerste lid en tweede lid en 6.30, eerste lid, Bouwbesluit 2012. Afwijken van functionele eisen. Beoordeling gelijkwaardigheid conform artikel 1.3, eerste lid, bouwbesluit 2012.

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.

Milieuschade: voorkomen en betalen

Een korte behandeling van twee onderzoeken naar het milieuaansprakelijkheidsrecht en de ontwikkelingen sindsdien.

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.

Stibbe advises Eurus Energy Europe

Stibbe advised Eurus Energy Europe (Eurus), a leading Japanese renewable energy company, in respect of the onshore Windpark Deil.

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.

What is the Major Accidents (Risk) Decree 2015 and to which companies does it apply?

The Major Accidents (Risk) Decree 2015 (Besluit risico's zware ongevallen 2015) (Brzo) imposes far-reaching and immediate obligations on companies falling under its scope.

Stibbe advises ABN AMRO

Stibbe advises ABN AMRO on the sale of a majority stake in Stater to Infosys. 

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.

15 aspects of Brexit you did not know

A Brexit without a deal, or with a deal that does not cover all relevant aspects, is still a potential scenario. We have highlighted a number of unexpected legal consequences of Brexit in such a no deal or incomplete deal scenario.

Van inrichting naar MBA. Enkele praktische consequenties nader belicht

De wetgever heeft de keus gemaakt om in de Omgevingswet (Ow) niet meer het begrip inrichting als aangrijpingspunt te hanteren voor de regulering maar “de milieubelastende activiteit” (MBA).

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.

Stibbe advises EFG Hermes

Stibbe advised EFG Hermes, one of the leading private equity funds in the Middle East, regarding the sale of its 49% stake in a 998 MW pan-European wind energy portfolio to a group of institutional investors advised by J.P. Morgan Asset Management.

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

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