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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.

New RCS filing formalities

The Luxembourg Business Registers issued an Explanatory Note further detailing the new filing formalities and requirements soon to be applicable with respect to the Luxembourg Trade and Companies Register.

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).

AFM review indicates lack of transparency in use of alternative performance measures by Dutch issuers

AFM sets out the findings of its review of the use of alternative performance measures in financial reporting and concludes that Dutch issuers often fall short of the required level of transparency when reporting their alternative performance measures.

Stibbe advised Shinagawa Refractories on the acquisition of Gouda Refractories Group

Stibbe has successfully advised Shinagawa Refractories Co., Ltd (“Shinagawa”) on the acquisition of all issued share capital of Gouda Refractories Group B.V. (“Gouda”).

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.

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.

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.

Seminar on Trade Secrets in corporate matters

Shhhhhh.... Don't tell anyone! Trade Secrets in corporate matters. On 31 January 2020, our IP and corporate law departments organise a seminar on Trade Secrets in corporate matters.

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.

Stibbe advises Lagardère Travel Retail

Stibbe advised Lagardère Travel Retail on the acquisition of International Duty Free. 

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.

Draft bill published to exclude RETT concurrence exemption for share deals

The Dutch government launched an online consultation on a draft bill to exclude the application of the RETT concurrence exemption as per 1 January 2024 in case of the acquisition of a share interest in companies owning newly developed real estate. 

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