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European venture capital funds: regulation adopted by Council and EP
12 April 2013
Publication
From 22 July 2013, a large group of "AIFMD exempt" European venture capital managers may elect for "EuVECA" status of their venture capital funds. Provided that they comply with certain requirements, substantially less material than those...
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ECJ rules that outsourced investment advisory services are exempt from VAT
8 April 2013
Publication
On 7 March 2013, the European Union Court of Justice (the "ECJ") released its decision in GfBk Gesellschaft für Börsenkommunikation mbH v. Finanzamt Bayreuth (C-275/11). The case concerned the VAT treatment of certain outsourced investment...
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Dutch housing corporations: game changing funding restrictions proposed
25 March 2013
Publication
Since its submission to parliament, spring 2011, the proposal revising the Dutch Housing Act (Woningwet) to enhance the supervision of housing corporations (Herzieningswet toegelaten instellingen volkshuisvesting) has received ever increasing attention of Dutch...
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Environment Newsletter - Spring 2013
14 March 2013
Publication
This edition of the Global Environment Newsletter takes a look at how Non-Governmental Organisations (NGOs) impact on project permitting, and other environmental regulatory, decisions in 10 jurisdictions: Australia, Belgium, The Czech Republic, Germany, Italy,...
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Is Spring returning for European CLOs?
8 March 2013
Publication
Since the onset of the financial crisis there has been a dearth of CLO issuance in Europe, while on the other side of the Atlantic the market has rebounded healthily. Now, at long last, green shoots are beginning to emerge in a European thaw. In this article...
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EMIR – the actions corporates must take now
25 February 2013
Publication
The EU regulation on OTC derivatives, central counterparties and trade repositories is one of the hottest post-crisis reforms. It will fundamentally change derivatives trading in many ways. It also not only targets regulated financial institutions, but corporates...
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Binding Corporate Rules for personal data processors
17 January 2013
Publication
On 21 December 2012 the European Union's Article 29 Working Group, composed of representatives of the national data protection authorities of the EU Member States, the European Data Protection Supervisor and the European Commission, announced that parties...
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Dutch law cooperatives
14 January 2013
Publication
Until recently, the use of Dutch law cooperatives (coöperaties) was mainly limited to insurance cooperatives and cooperatives in the dairy and farm sector. Over the past few years, the use of the cooperative as a holding company has become far more popular...
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Supervisory boards under the Dutch Large Company Regime
14 January 2013
Publication
Many Dutch companies have a two-tier board structure, with the executive directors on a management board (bestuur) and the non-executive directors on a supervisory board (raad van commissarissen). Some companies have a single tier board structure, which consists...
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Dutch law limited liability companies
14 January 2013
Publication
The main types of legal entities which are used for commercial activities in the Netherlands are the private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid or BV) and the public company with limited liability (naamloze vennootschap...