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Update with respect to COVID-19 – Regulated Markets Disclosure & Reporting

The developments with respect to COVID-19 raise a number of challenges for issuers of securities listed on a regulated market relating to – among other things – disclosure of information and periodic financial reporting.

Nieuwe overheidsmaatregelen in verband met coronavirus en actuele ontwikkelingen rondom de AVA’s van beursvennootschappen

Het Nederlandse kabinet heeft in het kader van de bestrijding van het coronavirus nieuwe overheidsmaatregelen afgekondigd. Afgelopen donderdag werd al bekend dat tot en met 31 maart 2020 bijeenkomsten met meer dan 100 personen in heel Nederland niet lange

Swifter merger clearance and shorter merger filings in Belgium

Companies can expect swifter merger clearance and simpler filing rules in Belgium. The Belgian Competition Authority has published a communication with additional rules concerning the simplified procedure for certain types of concentrations.

CBb confirms: no cartel fine, still interest to appeal cartel decision

Companies can challenge a decision establishing that they committed a competition law violation, even if no fine was imposed on them.

Commission continues cross-border trade crusade

The European Commission is on a roll in its fight against territorial sales restrictions.

ECJ confirms: gun jumping is double trouble

Companies beware: the European Court of Justice has confirmed the Commission’s practice of imposing two separate fines for gun jumping.

Stibbe advises Mitsui, Modec and others

Stibbe advised Mitsui & Co., Ltd. Modec, Inc., Mitsui O.S.K. Lines, Ltd. and Marubeni Corporation as sponsors on the offering of US$ 1,100,000,000 senior secured notes by MV24 Capital B.V.

Stibbe advises ADNOC

Stibbe together with Shearman & Sterling advised the Abu Dhabi National Oil Company (ADNOC) on the acquisition of a 10% interest in VTTI BV, the owner and operator of storage terminals in 14 countries.

Call of duty: Commission must state reasons when straying from its guidelines

The European Commission has lost a second battle concerning its EUR 15 million fine imposed upon interdealer broker ICAP, this time before the European Court of Justice.

Brand owners beware: Commission tough on cross-border sales restrictions

The European Commission recently imposed a EUR 6.2 million fine on Hello Kitty owner Sanrio for preventing its licensees from selling licensed merchandising products across the entire EEA.

General court dismisses all five appeals in the optical disk drives cartel

The General Court recently upheld a Commission decision finding that suppliers of optical disk drives colluded in bids for sales to Dell and HP by engaging in a network of parallel bilateral contacts over a multi-year period.

Stibbe advises EssilorLuxottica on the acquisition of Grandvision

Stibbe is advising EssilorLuxottica S.A. on the acquisition of a 76.7% stake in Grandvision N.V. from HAL Holding N.V., which will be followed by a mandatory offer for all company shares , resulting in a total transaction value of over EUR 7 billion.

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.

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.

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