Clifford Chance

Distributions to shareholders under the new Dutch private company law

28 September 2012

With effect from 1 October 2012 Dutch private company law will be substantially overhauled. One set of changes likely to be troublesome in practice are the new rules concerning distributions to shareholders. These rules will affect a wide array of transactions from ordinary course matters such as final or interim profit distributions through to event driven transactions such as share buy-backs, share capital reductions, debt push down., intra-group re-organisations, debt restructurings and similar financing arrangements.

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