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A digital transition in the financial services sector

On 24 September 2020, the European Commission (the “Commission”) adopted the Digital Finance Package (the “Package”). The aim of this initiative is to create a competitive EU financial sector that gives consumers access to innovative financial products.

DNB publishes guidelines for outsourcing notifications by insurers

Requirements applicable to outsourcing (including intra-group arrangements as well as outsourcing to the cloud) under Dutch and EU financial regulatory regimes have become more stringent in recent years. Outsourcing has therefore been a priority on the Du

The next 5 years: European Commission launches New Consumer Agenda

Despite the ongoing COVID-19 pandemic, the European Commission is already looking ahead to set its consumer protection priorities for the next five years.

On the right track? GC sends mixed messages with Lithuanian Railways

The essential facilities doctrine imposes on holders of indispensable facilities a duty to deal with their competitors.

Stibbe advises Qrf

Stibbe assisted listed regulated real estate company Qrf with the acquisition of the State Archives Bruges through the acquisition of 100% of the shares in RAB Invest NV from Leasinvest Real Estate Comm. VA., for the amount of EUR 20,6 million. 

Edouard d'Anterroches contributes to BLI's white paper on ESG

Stibbe Luxembourg's Funds Partner Edouard d'Anterroches analyses the advantages and the limits of the European Commission's Draft Regulation aimed at facilitating sustainable investments.

Stibbe advises Schneider Electric

Stibbe advises Schneider Electric, the leader in the digital transformation of energy management and automation, on its strategic investment in Planon.

Dutch Supreme Court: non-resident investment fund eligible for refund of Dutch dividend withholding tax

On 23 October 2020, the Dutch Supreme Court ruled that a non-resident UCITS fund is eligible for a refund of Dutch dividend withholding tax with respect to its investments in the Netherlands if strict criteria are met.

Johan Léonard and Roberto de Castro Mendonça write on taxation of crypto assets

Stibbe Luxembourg's tax lawyers Johan Léonard and Roberto de Castro Mendonça authored the Luxembourg chapter of the multi-jurisdictional book titled "Taxation of Crypto Assets".

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.

Stibbe advises Bureau Clara Wichmann on possible discriminatory effects of the NOW

Research carried out by a team from Stibbe Amsterdam (on a pro bono basis), together with Bureau Clara Wichmann, has concluded that it cannot be ruled out that the Temporary emergency bridging measure for work retention (NOW) discriminates against women.

Innovatie en staatssteun. Het CBb leidt de weg bij de belangrijke definities industrieel onderzoek en experimentele ontwikkeling

Het College van Beroep voor het bedrijfsleven (“CBb”) heeft op 6 oktober 2020 in een subsidiegeschil nadere invulling gegeven aan het onderscheid tussen “industrieel onderzoek” en “experimentele ontwikkeling”.

IJsbrand van Straten appointed as civil-law notary

IJsbrand van Straten will be appointed as a civil law notary by the District Court in Amsterdam on 5 November 2020.

Jurisdictional hide & seek: merger thresholds and buyer joint ventures

Companies beware: the turnover of a joint venture buying a target is not necessarily decisive for determining whether the EU merger thresholds are met.

Belgian prohibition on abuse of economic dependence comes into force and new fining guidelines

In 2019, Belgium introduced legislation banning abuse in relationships between companies where there is no dominant position, but rather a position of economic dependence. The act entered into force on 22 August 2020.

This article has FIVE stars! New Dutch consumer rules to curb fake reviews

Consumers often rely on online reviews to decide what bike to buy, where to eat or what article to read. But what if those reviews are fake? New Dutch rules were announced on 23 October 2020 seeking to ensure a higher level of consumer protection online.

General Court confirms: no proof, no dawn raid

The Commission should think twice before conducting a dawn raid. The General Court partially annulled three Commission decisions ordering dawn raids at the premises of French supermarkets for a lack of sufficiently strong evidence.

Stibbe advises Nuvei Corporation

Stibbe has advised Nuvei Corporation, the global payment technology partner of thriving brands, on the acquisition of Smart2Pay.

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