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E-book: 'Practical implications of ESG disclosure regulations'

As of 10 March 2021, many financial market participants and financial advisers will be subject to new disclosure obligations following the entry into force of the EU Sustainable Finance Disclosure Regulation (SFDR) on 29 December 2019.

Een groene encyclopedie voor de financiële sector

Op 22 juni 2020 is de Europese taxonomieverordening (Verordening (EU) 2020/282) gepubliceerd. De verordening wordt gezien als een mijlpaal voor de verduurzaming van de financiële sector.

Wetsvoorstel opheffing verpandingsverboden: (mogelijke) impact op de financieringspraktijk

Het op 2/6/2020 bij de Tweede Kamer ingediende wetsvoorstel opheffing verpandingsverboden beoogt de bestaande praktijk van het contractueel overeenkomen van verboden of beperkingen van de overdracht of verpanding van geldvorderingen op naam op te heffen.

Restructuring & Insolvency in the Netherlands - 2020

What duties and potential liabilities should the directors/managers have regard to when managing a company in financial difficulties? Is there a specific point at which a company must enter a restructuring or insolvency process? 

Accountants advising in real estate transactions: be aware of penalties in mortgage deeds

The Court of Appeal of Arnhem-Leeuwarden ruled on 3 March 2020 that an accountant did not properly advise her client with respect to a sale of real estate (ECLI:NL:GHARL:2020:1875).

‘Dutch scheme’ adopted by the Dutch Parliament's House of Representatives

On 26 May 2020, the Dutch Parliament’s House of Representatives (Tweede Kamer) adopted the Act on confirmation of private restructuring plans (Wet homologatie onderhands akkoord (“WHOA”)). The next step will see the WHOA put to vote in the Senate.

Auditor liable for not including a provision for a third party claim?

In a recent case, the Court of Appeal of Arnhem-Leeuwarden dismissed a claim of the bankruptcy trustee of Welsec against an audit firm for failing to ensure that the audited company, Welsec, included a provision in its annual accounts for [...]

International Comparative Legal Guide to Restructuring & Insolvency 2020 - Belgium chapter

The Belgium Chapter of the International Comparative Legal Guide to Restructuring & Insolvency 2020 is online. Authored by Paul Van der Putten & Pieter Wouters, it covers key topics across 27 jurisdictions.

Stibbe advises Dutch State on support to Royal IHC

Stibbe is advising the Ministry of Economic Affairs and Climate Policy on a short-term bridging loan and guarantee facility provided to the leading Dutch maritime player Royal IHC and on the acquisition of Royal IHC.

Klimaatbeleid nog onvoldoende in de dagelijkse praktijk van accountants

Uit onderzoek van de Nederlandse Beroepsorganisatie van Accountants (NBA) samen met de Rijksuniversiteit Groningen (RuG) blijkt dat externe accountants zich nog onvoldoende bezighouden met klimaatvraagstukken.

Impact van de coronacrisis op ICT-overeenkomsten

De uitbraak van het coronavirus heeft gevolgen voor de gang van zaken binnen iedere organisatie. Mogelijk ook op uw contracten met leveranciers of juist afnemers van ICT. Het onderstaande overzicht bevat aandachtspunten voor het bepalen van uw positie ten

Key considerations for management and owners of Dutch privately held companies in distress due to COVID-19

The COVID-19 pandemic has a significant and immediate adverse effect on many companies in different industries. Many PE portfolio companies are particularly vulnerable given the typical high leverage finance structure and inherent need to maintain cash fl

Daisy Nijkamp and Job van Hooff present webinar on The Dutch scheme (WHOA) – the upcoming new Dutch restructuring tool

Daisy Nijkamp and Job van Hooff, in collaboration with Lexology, will present a webinar on WHOA on 2 April 2020. During the webinar they will look at a new bill prepared by the Dutch legislature - the Act on the Confirmation of Private Restructuring Plans

Onzeker ondernemingsrecht – het coronavirus and beyond

It is a world of change in which we live, and a world of uncertainty” 

Het bovenstaande citaat is van de Amerikaanse econoom Frank H. Knight en afkomstig uit zijn in 1921 verschenen boek.1 Knight beschrijft daarin wat het belang is van het concept “onzek

Contracts & Corona: force majeure and related topics

The spread of the coronavirus may have some consequences that affect your ability to perform your obligations under your contracts, or your co-contractors’ ability to perform theirs. We provide some insight on a few pressing questions.

Rechtsmacht bij pauliana: Feniks-arrest leidt tot onvoorzienbaarheid

In het arrest Feniks van 4 oktober 2018 heeft het Europees Hof van Justitie meer duidelijkheid geschapen over de vraag welke rechter internationaal bevoegd is in geval van een actio pauliana.

The Dutch Scheme – high flexibility in plan contents and possibility to affect group guarantees

The Act on confirmation of private restructuring plans – which introduces a framework allowing debtors to restructure their debts outside formal insolvency proceedings (the “Dutch Scheme“) – was adopted by the Dutch Senate on 6 October 2020.

Cease fire on troubled companies! Royal Decree temporarily suspends enforcement

Royal Decree No. 15 introduces a temporary moratorium amid COVID-19, shielding debtor-companies from enforcement measures and bankruptcy declarations.

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