556 results COVID-19 impacts level and payment of antitrust fines As well as granting companies leeway on certain COVID-19 initiated collaborations (see our May 2020 newsletter), the coronavirus outbreak has also led competition authorities to take a more lenient stance towards fine calculations and payments. Besluit aanwijzing organisaties van openbaar belang Op 10 juli 2019 is het Besluit aanwijzing organisaties van openbaar belang (Besluit) in het Staatsblad gepubliceerd. Wat controleplichtige ondernemingen hebben te vrezen van de regelgeving voor, en het toezicht op, accountants(organisaties) ‘Accountant is angsthaas geworden’, zo kopte de voorpagina van het FD van 26 augustus 2016, om vervolgens op de vervolgpagina’s te benadrukken dat er bij controleplichtige ondernemingen heimwee zou bestaan naar de accountant als ‘sparringpartner’. Duurzaamheidsverslaggeving: van lappendeken naar een geüniformeerd stelsel Decennialang zijn verslaggevingsvoorschriften voornamelijk gericht geweest op het verstrekken van informatie over – met name – de financiële prestaties van de verslaggevende entiteit. ICO to impose record-breaking fines for inadequate security measures and data breaches Though the European data protection authorities have taken their time in enforcing the GDPR two announcements by the ICO in the UK regarding proposed fines for British Airways and Marriott demonstrate that large fines are about to start landing regularly. Audit firms and accountant's duty of care towards third parties The Dutch Supreme Court recently decided (ECLI:NL:HR:2019:744) that the standard for audit firms' and accountants' duty of care towards third parties is in essence no different than the general duty of care under Dutch tort law [...]. Prove it or lose it: court sets aside ACM fines in two separate cases The Rotterdam District Court recently confirmed the high bar which has been set for the ACM when proving its case: the court annulled the fines imposed by the ACM in two different cases and, significantly, each for the same reason. No parking! Canon fined EUR 28 million for warehousing transaction structure The European Commission has landed a third strike against gun-jumping, the prohibition to implement a transaction before notification to and clearance by the Commission. Abuse of economic dependence and unfair contract terms in B2B relations: ready for 2020? Belgium adopted a new act prohibiting the abuse of economic dependence, the use of unfair contract terms and unfair market practices in B2B relationships. Stibbe represents Nederlandse Spoorwegen (NS) Stibbe represented the Dutch railway operator NS in a seminal case in the Netherlands concerning alleged abuse of dominance. Stibbe successfully represents EY in fine case Stibbe represented EY in an appeal before the Industrial Appeal Court (College van Beroep voor het bedrijfsleven; CBb) filed by the AFM after the Rotterdam District Court's decision at the end of 2017 to annul the fines imposed by the AFM. The Rotterdam D Stibbe advises Athora Stibbe is advising insurance and reinsurance group Athora on its acquisition of Vivat N.V. from Anbang and the related sale of Vivat Schadeverzekeringen to NN Group. Regulate tech giants and create European champions, says Dutch government Companies beware: revised EU competition rules are on their way. Court applies Dutch law to all air freight cartel damages claims On May 1, the Amsterdam District Court ruled in two judgments (1) and (2) that Dutch law applies to all follow-on damages claims resulting from the international air freight cartel, mainly citing practical considerations for its decision. Cheaper beer ahead? AB InBev fined for cross-border sales restrictions Dominant companies beware of hindering cross-border sales between resellers through, for instance, labelling or packaging measures to make your products less attractive for import. Successful challenges to merger decisions seem to be the exception The General Court recently confirmed the high degree of discretion enjoyed by the European Commission in the context of merger control decisions, particularly with respect to assessments of an economic nature. Low prices, high fines: Commission's creative purchase cartel fine upheld Companies should take note that the European Commission will deviate from its own general fining methodology if a particular case calls for it. The General Court recently upheld the Commission's novel fining approach in regard of a purchase cartel. Still standing: annulled Commission decision remains in force for non-appellant Steel producer Lucchini's claim for reimbursement of a EUR 14 million fine, on the basis that the decision was annulled on appeal from other parties, was recently rejected by the General Court. Pagination Previous page Page 13 Current page 14 Page 15 Page 16 Next page
COVID-19 impacts level and payment of antitrust fines As well as granting companies leeway on certain COVID-19 initiated collaborations (see our May 2020 newsletter), the coronavirus outbreak has also led competition authorities to take a more lenient stance towards fine calculations and payments.
Besluit aanwijzing organisaties van openbaar belang Op 10 juli 2019 is het Besluit aanwijzing organisaties van openbaar belang (Besluit) in het Staatsblad gepubliceerd.
Wat controleplichtige ondernemingen hebben te vrezen van de regelgeving voor, en het toezicht op, accountants(organisaties) ‘Accountant is angsthaas geworden’, zo kopte de voorpagina van het FD van 26 augustus 2016, om vervolgens op de vervolgpagina’s te benadrukken dat er bij controleplichtige ondernemingen heimwee zou bestaan naar de accountant als ‘sparringpartner’.
Duurzaamheidsverslaggeving: van lappendeken naar een geüniformeerd stelsel Decennialang zijn verslaggevingsvoorschriften voornamelijk gericht geweest op het verstrekken van informatie over – met name – de financiële prestaties van de verslaggevende entiteit.
ICO to impose record-breaking fines for inadequate security measures and data breaches Though the European data protection authorities have taken their time in enforcing the GDPR two announcements by the ICO in the UK regarding proposed fines for British Airways and Marriott demonstrate that large fines are about to start landing regularly.
Audit firms and accountant's duty of care towards third parties The Dutch Supreme Court recently decided (ECLI:NL:HR:2019:744) that the standard for audit firms' and accountants' duty of care towards third parties is in essence no different than the general duty of care under Dutch tort law [...].
Prove it or lose it: court sets aside ACM fines in two separate cases The Rotterdam District Court recently confirmed the high bar which has been set for the ACM when proving its case: the court annulled the fines imposed by the ACM in two different cases and, significantly, each for the same reason.
No parking! Canon fined EUR 28 million for warehousing transaction structure The European Commission has landed a third strike against gun-jumping, the prohibition to implement a transaction before notification to and clearance by the Commission.
Abuse of economic dependence and unfair contract terms in B2B relations: ready for 2020? Belgium adopted a new act prohibiting the abuse of economic dependence, the use of unfair contract terms and unfair market practices in B2B relationships.
Stibbe represents Nederlandse Spoorwegen (NS) Stibbe represented the Dutch railway operator NS in a seminal case in the Netherlands concerning alleged abuse of dominance.
Stibbe successfully represents EY in fine case Stibbe represented EY in an appeal before the Industrial Appeal Court (College van Beroep voor het bedrijfsleven; CBb) filed by the AFM after the Rotterdam District Court's decision at the end of 2017 to annul the fines imposed by the AFM. The Rotterdam D
Stibbe advises Athora Stibbe is advising insurance and reinsurance group Athora on its acquisition of Vivat N.V. from Anbang and the related sale of Vivat Schadeverzekeringen to NN Group.
Regulate tech giants and create European champions, says Dutch government Companies beware: revised EU competition rules are on their way.
Court applies Dutch law to all air freight cartel damages claims On May 1, the Amsterdam District Court ruled in two judgments (1) and (2) that Dutch law applies to all follow-on damages claims resulting from the international air freight cartel, mainly citing practical considerations for its decision.
Cheaper beer ahead? AB InBev fined for cross-border sales restrictions Dominant companies beware of hindering cross-border sales between resellers through, for instance, labelling or packaging measures to make your products less attractive for import.
Successful challenges to merger decisions seem to be the exception The General Court recently confirmed the high degree of discretion enjoyed by the European Commission in the context of merger control decisions, particularly with respect to assessments of an economic nature.
Low prices, high fines: Commission's creative purchase cartel fine upheld Companies should take note that the European Commission will deviate from its own general fining methodology if a particular case calls for it. The General Court recently upheld the Commission's novel fining approach in regard of a purchase cartel.
Still standing: annulled Commission decision remains in force for non-appellant Steel producer Lucchini's claim for reimbursement of a EUR 14 million fine, on the basis that the decision was annulled on appeal from other parties, was recently rejected by the General Court.