363 results The new sustainability advertising code: lessons from one year of review by the advertising code committee In the first year since the SAC came into force there have been 22 rulings by the ACC and the AT in which an advertisement has been tested against the SAC. This blog addresses the lessons that can be drawn from an analysis of these rulings. Introduction of the banking oath in Belgium On January 15, the law introducing the banking oath and ethical rules in the banking sector was published in the Belgian Official Gazette. Netherlands lags behind in implementing amended ETS Directive (Update 2 April 2024) The ETS Directive was amended in May 2023. Member States had until 31 January 2023 to implement the provisions of the amended ETS Directive. The Netherlands failed to meet that implementation deadline. District Court ruled on the recognition of the res judicata effect of a Turkish judgment and dismissed an antitrust follow on damages claim regarding the cathode-ray tube markets The District Court of Oost-Brabant recognized the res judicata effect of a Turkish court of appeal judgment, in which the Turkish court had dismissed antitrust damages claims brought by Vestel against Philips, Samsung, LGE, Technicolor, TTD and TDP. Stibbe advised Q-Park on its refinancing transaction Stibbe advised Q-Park, a leading owner and operator of parking facilities across seven Western European countries, on the successful completion of a transaction which included issuing new notes. Dutch Supreme Court clarifies rules on the moment of default by operation of law: can the default be deferred following actions of the creditor? The Dutch Supreme Court rendered judgment on 12 April 2024 ECLI:NL:HR:2024:575, clarifying the moment at which a debtor is in default following non-performance. Developments in the enforcement of share pledges under Dutch law Since the implementation of the Dutch scheme of arrangement on 1 January 2021, a relatively new tool to restructure debts of Dutch corporate entities in order to prevent their insolvency is available in the Netherlands. Luxembourg Draft Law proposes welcome tax clarifications and new provisions On 23 May 2024, the Luxembourg Minister of Finance presented a new draft law to Parliament, packed with notable tax provisions. Asset intensive reinsurance agreements – new requirement to obtain DNB’s prior consent As of 1 January 2025, Dutch insurers must obtain the Dutch Central Bank’s prior consent before making any amendments to, or entering into an asset-intensive reinsurance agreement that allows the reinsurer to hold assets in a third country. Decree on tax classification of foreign entities published On 13 November, the Dutch government published a decree on the comparison of foreign entities which provides a framework for the tax classification of foreign entities as either transparent or non-transparent for Dutch tax purposes. Stibbe Amsterdam appoints three new partners We are pleased to announce that Stibbe Amsterdam has promoted Roos Elemans, Lotte Hover-Boon and Daisy Nijkamp to partner effective 1 January 2025. These appointments will further strengthen our EU and Competition Law, Tax and Litigation practices. EU lift cartel damage claim rejected by Brussels Court of Appeal After 16 years of court battle, the Brussels Court of Appeal has rejected the EU’s EUR 12 million (+ interest) damage claim against the four lift producers that participated in the lift cartel fined in 2007. The third AFM report on SFDR compliance signals tightening enforcement and highlights a shift in supervision towards the quality of disclosures A recent report of the AFM underlines its focus on monitoring SFDR compliance, signals tightening enforcement action against those lagging behind, and highlights a new phase of supervisory attention for clear, accurate and reliable SFDR disclosures. Unequal pay in the judiciary: Stibbe advises Bureau Clara Wichmann The current remuneration policy within the judiciary has resulted in a gender pay gap. First trip around the sun: FSR – one year in review The Foreign Subsidies Regulation has celebrated one year of its application. Time for companies to take stock of the lessons learnt from key developments of this first year. However, ambiguities remain and more is yet to come. Watch this space! Het Monitoring Rapport Corporate Governance Code over boekjaar 2021 en het Slotdocument De vierjarige zittingstermijn van de Monitoring Commissie Corporate Governance Code (“Monitoring Commissie”) onder voorzitterschap van Pauline van der Meer Mohr is per 1 januari 2023 verlopen. FDI screening guidance: shedding some light in the darkness The Dutch general investment screening regime came into effect in June 2023. Decisions are not yet publicly available. However, three guidance papers list the practical experience gained so far and help to assess whether a transaction is notifiable. Stibbe congratulates VCK Holding Stibbe congratulates VCK Holding on the successful sale of the entire share capital of VCK Travel to Gray Dawes Travel, which is part of the UK-based Gray Dawes Group. Pagination Previous page Page 7 Current page 8 Page 9 Page 10 Next page
The new sustainability advertising code: lessons from one year of review by the advertising code committee In the first year since the SAC came into force there have been 22 rulings by the ACC and the AT in which an advertisement has been tested against the SAC. This blog addresses the lessons that can be drawn from an analysis of these rulings.
Introduction of the banking oath in Belgium On January 15, the law introducing the banking oath and ethical rules in the banking sector was published in the Belgian Official Gazette.
Netherlands lags behind in implementing amended ETS Directive (Update 2 April 2024) The ETS Directive was amended in May 2023. Member States had until 31 January 2023 to implement the provisions of the amended ETS Directive. The Netherlands failed to meet that implementation deadline.
District Court ruled on the recognition of the res judicata effect of a Turkish judgment and dismissed an antitrust follow on damages claim regarding the cathode-ray tube markets The District Court of Oost-Brabant recognized the res judicata effect of a Turkish court of appeal judgment, in which the Turkish court had dismissed antitrust damages claims brought by Vestel against Philips, Samsung, LGE, Technicolor, TTD and TDP.
Stibbe advised Q-Park on its refinancing transaction Stibbe advised Q-Park, a leading owner and operator of parking facilities across seven Western European countries, on the successful completion of a transaction which included issuing new notes.
Dutch Supreme Court clarifies rules on the moment of default by operation of law: can the default be deferred following actions of the creditor? The Dutch Supreme Court rendered judgment on 12 April 2024 ECLI:NL:HR:2024:575, clarifying the moment at which a debtor is in default following non-performance.
Developments in the enforcement of share pledges under Dutch law Since the implementation of the Dutch scheme of arrangement on 1 January 2021, a relatively new tool to restructure debts of Dutch corporate entities in order to prevent their insolvency is available in the Netherlands.
Luxembourg Draft Law proposes welcome tax clarifications and new provisions On 23 May 2024, the Luxembourg Minister of Finance presented a new draft law to Parliament, packed with notable tax provisions.
Asset intensive reinsurance agreements – new requirement to obtain DNB’s prior consent As of 1 January 2025, Dutch insurers must obtain the Dutch Central Bank’s prior consent before making any amendments to, or entering into an asset-intensive reinsurance agreement that allows the reinsurer to hold assets in a third country.
Decree on tax classification of foreign entities published On 13 November, the Dutch government published a decree on the comparison of foreign entities which provides a framework for the tax classification of foreign entities as either transparent or non-transparent for Dutch tax purposes.
Stibbe Amsterdam appoints three new partners We are pleased to announce that Stibbe Amsterdam has promoted Roos Elemans, Lotte Hover-Boon and Daisy Nijkamp to partner effective 1 January 2025. These appointments will further strengthen our EU and Competition Law, Tax and Litigation practices.
EU lift cartel damage claim rejected by Brussels Court of Appeal After 16 years of court battle, the Brussels Court of Appeal has rejected the EU’s EUR 12 million (+ interest) damage claim against the four lift producers that participated in the lift cartel fined in 2007.
The third AFM report on SFDR compliance signals tightening enforcement and highlights a shift in supervision towards the quality of disclosures A recent report of the AFM underlines its focus on monitoring SFDR compliance, signals tightening enforcement action against those lagging behind, and highlights a new phase of supervisory attention for clear, accurate and reliable SFDR disclosures.
Unequal pay in the judiciary: Stibbe advises Bureau Clara Wichmann The current remuneration policy within the judiciary has resulted in a gender pay gap.
First trip around the sun: FSR – one year in review The Foreign Subsidies Regulation has celebrated one year of its application. Time for companies to take stock of the lessons learnt from key developments of this first year. However, ambiguities remain and more is yet to come. Watch this space!
Het Monitoring Rapport Corporate Governance Code over boekjaar 2021 en het Slotdocument De vierjarige zittingstermijn van de Monitoring Commissie Corporate Governance Code (“Monitoring Commissie”) onder voorzitterschap van Pauline van der Meer Mohr is per 1 januari 2023 verlopen.
FDI screening guidance: shedding some light in the darkness The Dutch general investment screening regime came into effect in June 2023. Decisions are not yet publicly available. However, three guidance papers list the practical experience gained so far and help to assess whether a transaction is notifiable.
Stibbe congratulates VCK Holding Stibbe congratulates VCK Holding on the successful sale of the entire share capital of VCK Travel to Gray Dawes Travel, which is part of the UK-based Gray Dawes Group.