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Package of new anti-money laundering rules adopted by European Council

On 30 of May 2024 the Council of the European Union adopted the Anti-Money Laundering and Anti-Terrorism Financing Package (the AML Package). The AML Package will have consequences for market parties.

Mondelēz’s fine takes the biscuit: cross-border trade crusade peaks

The European Commission has fined Mondelēz EUR 337.5 million for restricting cross-border trade. Brand owners are advised to double-check their licensing and distribution systems, as well as their commercial conduct, for possible territorial restraints.

Equity raises: prospectus exemptions and share issuance approvals

In this note we discuss the interplay between prospectus exemptions and share issuance authorisations of listed Dutch companies. Prospectus exemptions are expanded under the EU Listing Act, but will Dutch issuers be able to take full advantage?

Happy first anniversary! One year of the Vifo Act: an update

On the first of June, the Dutch national security investment screening regime (the Vifo Act) celebrated its first anniversary. Time to take stock of key findings and forthcoming developments.

Commission takes labour market enforcement to the next level

Employers beware: the European Commission is strengthening its actions against anticompetitive practices in labour markets. In its recent Competition Policy Brief it takes a tough stance. Companies are well-advised to review their employment practices.

Greenwashing in the EU financial markets: sustainable finance status update

The European financial markets feature numerous financial products with characteristics such as ā€˜green’, ā€˜ESG’, ā€˜sustainable’, ā€˜climate’, ā€˜transition’, ā€˜impact’ or similar. But when is it fair to name or label financial products as such?

Game over for dark patterns? ACM fines Epic for unfairly targeting children

The ACM has fined Epic Games for exploiting children’s psychological vulnerabilities, marking a key moment for Dutch consumer law enforcement. Our briefing examines the broader implications for consumer-facing businesses, especially those in online sales.

Stibbe contributes to CFO Forum 2024

Marieke Driessen, Derk Lemstra and Rogier Raas participated in the CFO Forum - The Annual Meeting 2024, organised by our partner Transformation Forums, on 23 May 2024. You can read the insights of the meeting in the report.

Stibbe advises Advantest Corporation on the acquisition of Salland Engineering

Stibbe has successfully assisted Advantest Corporation in their acquisition of Salland Engineering. Under this acquisition, Salland Engineering will be an independent, wholly-owned (indirect) subsidiary of Advantest Europe GmbH.

Stibbe advises Abab and Alfa on merger

Stibbe has successfully assisted ā€˜ABAB Accountants’ and ā€˜Alfa Accountants en Adviseurs’ in their merger process.

The anti-SLAPP Directive has legal effect

Litigation against, for example journalists, NGOs, and human rights defenders could effectively silence them. To prevent this, the European Parliament and the Council of the European Union recently adopted the anti-SLAPP Directive.

ESMA guidance on pre-close calls with analysts

ESMA issued a statement on the practice of organising pre-close calls, where issuers share information with analysts immediately before a closed period. ESMA reiterates the legislative framework and identifies best practices for these calls.

TMT seminar series 2024

Following our successful TMT seminar series in 2023, our TMT team is happy to announceĀ five new seminars taking place in 2024. Please find an outline of the seminars in the article below.

Klachtplicht niet van toepassing bij overtreding concurrentiebeding (annotatie)

Het oordeel van de Hoge Raad dat de klachtplicht ex artikel 6:89 BW niet van toepassing is bij schending van een concurrentiebeding sluit aan bij eerdere rechtspraak.

Contractual clauses prohibiting the transferability or pledgeability of business claims could become void in the near future

We discuss a draft bill to declare contractual clauses limiting the transferability and/or pledgeability of claims in business relations void, and call upon the Dutch Senate to reconsider at least its applicability to existing contracts.

Stibbe Brussels reinforces Real Estate and Energy practices with two new partners

Stibbe is pleased to announce the appointments of Anneleen Quirynen (Real Estate, Construction & Projects) and Lothar Van Driessche (Energy, Industry & Utilities) as partners in the Brussels office.

Corporate governance and directors' duties in the Netherlands: overview

A high-level overview of board composition and restrictions, directors' remuneration, management rules and authority, directors' duties and liabilities, transactions with directors and conflicts, and internal controls, accounts and audits.

Killing three birds with one stone: Illumina wins Article 22 battle

The ECJ wrote the epilogue to the Illumina/Grail saga, overturning the EC’s novel ā€˜Article 22’ approach. It is now clear that the EC cannot accept referral requests to review transactions that fall below the thresholds of national merger control regimes.

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