21 June 2017

Companies Formally Registered Abroad Act applicable to UK companies after Brexit

As a result of Brexit, the Companies Formally Registered Abroad Act (Wet op de formeel buitenlandse vennootschappen) will become relevant for companies that are incorporated in the United Kingdom, but are performing their activities entirely or virtually entirely in the Netherlands without having an actual nexus with the United Kingdom.

For more information, please contact: Corine Vos

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12 June 2017

Enforcement of Act DBA further suspended until 1 July 2018

On 1 May 2016 the Deregulation Assessment Labor Relations Act (“Wet Deregulering Beoordeling Arbeidsrelaties”) came into force. This Bill has replaced the VAR-certificate. The VAR-certificate served as a tool for assessing whether or not an employment relationship exists. However, it offered independent contractors less legal certainty. 

For more information, please contact: Suzanne Gerritse

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12 May 2017

Cross-border business in Germany and the Netherlands (Round Table TerZake Legal/Elsevier)

Sandy van der Schaaf, advocaat & Rechtsanwältin and manager of the German Desk of HEUSSEN, is one of the nine lawyers that have been interviewed about the growth of their cross-border practice and the increasing business opportunities which they see in the German/Dutch market. 

For more information, please contact: Sandy van der Schaaf

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25 April 2017

Heussen assists RTL Ventures in acquiring a minority interest in Flinders

HEUSSEN has assisted RTL Ventures, an investment branch of RTL, to acquire a minority interest in Flinders, one of the fastest growing webshops in the Netherlands. RTL's investment branch invests € 3 million. The team that assisted RTL consisted of Paul A. Josephus Jitta and Thijs Butter. The transaction was completed on April 14, 2017. For more information, please be referred to RTL's press release.

For more information, please contact: Paul A. Josephus Jitta

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18 April 2017

Compensation to employers for dismissal costs (“transition compensation”) in the event of termination due to long-term illness

On 20 March 2017 a new Bill drafted by Secretary of State was published which states thatemployers will be compensated for the costs of transition compensation in the event of termination of the employment contract due to long-term illness.

For more information, please contact: Anneke Pelser-Stekelenburg

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12 April 2017

Draft bill on implementation of UBO register published for consultation

On 31 March 2017, the draft bill on the registration of the ultimate beneficial owners implementation act was published for consultation. The draft Bill seeks to implement the obligation to maintain a central register with information on the ultimate beneficial owners (“UBOs”) of companies and legal entities in the Netherlands, which stems from the fourth European Anti Money Laundering Directive . The UBO register will be kept by the trade register of the Dutch Chamber of Commerce.

 

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7 April 2017

HEUSSEN ASSITED LEAD COUNSEL BROAD & BRIGHT WITH THE ACQUISITION OF THE SKIL BUSINESS BY CHERVON FROM BOSCH IN EUROPE

HEUSSEN assisted lead counsel Broad & Bright with the acquisition of the Skil business by Chervon (HK) Limited from Bosch. The deal was effective on 31 March 2017.  

For more information, please contact: Stan Robbers

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7 April 2017

HEUSSEN co-organized the Dutch employment law seminar with the West Holland Investment Agency and Asia Business Centre in the Hague

In order to assist Chinese companies acquiring more knowledge of Dutch employment law and the common employment practice in the Netherlands, the West Holland Investment Agency (“WFIA”), Asia Business Centre and HEUSSEN co-organized the seminar in the Hague for over 60 guests on 20 March 2017. 

For more information, please contact: Ying Cui

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3 April 2017

General Banking Conditions 2017 entered into force on 1 March 2017

On 1 March 2017, the amended General Banking Conditions entered into force. The General Banking Conditions contain the general rules which apply to the relationship between the customer and the bank. All members of the Dutch Banking Association (Nederlandse Vereniging van Banken) are using the same conditions. 

For more information, please contact: Sandy van der Schaaf

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30 March 2017

THE EUROPEAN ACCOUNT PRESERVATION ORDER (EAPO)

Changes for a Dutch creditor to recover cross-border claims in the European Union

For more information, please contact: Lycke Cappelle

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16 March 2017

Interpretation of an earn-out arrangement in case of unforeseen circumstances

On 13 July 2016, the Dutch district court of Northern Netherlands ruled on the interpretation of an earn-out arrangement. In this case, the acquired company suffered losses in the year following the acquisition and this circumstance was not foreseen by the parties. The court has ruled that in that case, a linguistic explanation of the arrangement is decisive. 

For more information, please contact: Thijs Butter

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27 February 2017

Central shareholders’ register

On 19 January 2017, a private member’s bill has been filed to the Lower House of Dutch Parliament with regard to the establishment of a central shareholders’ register (‘centraal aandeelhoudersregister’). 

The object of the establishment of a central shareholders’ register is to create more insight into the identity of shareholders of legal entities. In addition, it appears that a physical shareholders’ register is often untraceable or the information is not up to date. The legislator would like to accomplish a higher degree of reliability of this information.

For more information, please contact: Corine Vos

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16 February 2017

Largest severance compensation awarded

Recent case law has indicated (Court of Gelderland ECLI:NL:RBGEL:2016:7113) that the termination of an employment contract of a Managing Director without reasonable cause can lead to the award of substantial (additional) severance compensation. In this case the Court awarded the largest (additional) severance compensation.

 

For more information, please contact: Suzanne Gerritse

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1 February 2017

HEUSSEN ADVISES VPK PACKAGING WITH THE ACQUISITION OF SOLIDPACK HOLDING

HEUSSEN assisted VPK Packaging Group (VPK) with the acquisition of Solidpack, producer of solid board packaging, with 175 employees which produces more than 65,000 tons of packaging. The Heussen team consisted of Paul Josephus Jitta and Suzanne Beijersbergen. The deal was closed on 19 January 2017.  

For more information, please contact: Paul A. Josephus Jitta

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31 January 2017

New EU General Data Protection

On 14 April 2016 the EU Parliament formally adopted the EU General Data Protection Regulation (GDPR). The GDPR will replace the existing Privacy Directive and the corresponding Personal Data Protection Act as from 25 May 2018. From that moment onwards there will be one uniform set of binding regulations applicable within the EU instead of 28 national Acts based on EU legislation. 

For more information, please contact: Suzanne Gerritse

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6 January 2017

Dutch Supreme Court provides further guidance on the question if and when a limited partner in a limited partnership will be jointly and severally liable for the debts and obligations of the limited partnership

In its decision of 4 November 2016, the Supreme Court again rules on the question if and when a limited partner in a limited partnership will be jointly and severally liable for the debts and obligations of the limited partnership, in the event that a limited partner violates the prohibition in Article 20(2) of the Dutch Commercial Code for limited partners to exert management authority. 

For more information, please contact: Suzanne Beijersbergen

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5 January 2017

HEUSSEN ADVISES FLEXIBLE PACKAGING HOLDING WITH THE SALE OF THREE DUTCH FLEXIBLE PACKAGING COMPANIES TO THE SPANISH MULTINATIONAL SAICA

HEUSSEN assisted Flexible Packaging Holding (FPH), with the sale of three flexible packaging companies, Schut, located in Etten-Leur, Hellema located in Zaandam, and Lemapack located in Weesp, to Saica.

For more information, please contact: Stan Robbers

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