28. November 2018

Compensation for transition payment in 2020? Make sure your administration is in order and pay attention to the time frames.

On 10 July 2018 the Upper House of Parliament approved the legislative proposal that regulates a compensation for the statutory severance compensation, referred to as ‘transition compensation’, paid by employers to employees in the event of dismissal due to long-term incapacity for work.

Ihr Kontakt: Suzanne Gerritse

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12. November 2018

Interpretation of a right of first refusal provision in the articles of association of a B.V.

In a recent case, the District Court Midden-Nederland has ruled in a dispute about a statutory right of first refusal provision in a joint venture in the form of a Dutch private company with limited liability (B.V.) with two shareholders, each holding 50% of the shares. The articles of association of the B.V. included a right of first refusal provision, which stipulated, among other things, that if control of a shareholder changed within the meaning of the Code of Conduct with respect to mergers as adopted by the Dutch Economic and Social Council and this shareholder had direct or indirect control over the joint venture (also as referred to in that Code of Conduct), this shareholder had to offer its shares to the other shareholder.

Ihr Kontakt: Thijs Butter

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9. November 2018

Heussen speaks at the Brabant - Wuxi Business Day

Heussen was invited by the Government of North Brabant and the Wuxi Municipal Governmentto introduce the legal climate for doing business in the Netherlands

Brabant Wuxi Business Day 2018

Ihr Kontakt: Wendy Liu

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29. Oktober 2018

The preparation and publication of annual accounts: the group exemption of article 2:403 of the Dutch Civil Code

Each legal entity is obliged to draw up annual accounts that meet the requirements of Title 9 of Book 2 of the Dutch Civil Code and to file them for public inspection with the trade register.

Heussen is happy to advise on the relevant legal aspects of the 403 group exemption and assist with the drafting and filing of a 403 declaration and declaration of consent. 

Ihr Kontakt: Corine Vos

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3. August 2018

EU Proposed Screen Framework on FDI - Substantial Influence on Foreign Investment

On 13 June 2018, EU ambassadors agreed on the Council’s position on the Proposal for a Regulation of the European Parliament and of the Council establishing a framework for screening of foreign direct investment into the European Union (hereinafter referred to as the “Regulation Proposal”). The Commission submitted the Regulation Proposal on 13 September 2017 and the European Parliament voted and approved the Regulation Proposal at its plenary session on 5 June 2018 after reviewing and amending it as a whole. Currently, the responsible committee, the Committee on International Trade (INTA), will force the Commission and the Council of the EU to enter into negotiations on this position. It is expected to reach a final approval in 2019 after which the regulation will be directly applicable in all EU Member States, including the Netherlands, without any further steps to incorporate it into the national legislation.

Ihr Kontakt: Wendy Liu

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30. Juli 2018

Chinese Government Further Liberalizes Market Access for Foreign Investment —— Release of 2018 Negative List

The National Development and Reform Commission (“NDRC”) and the Ministry of Commerce (“MOFCOM”) jointly promulgated the 2018 version of the Special Administrative Measures on Access to Foreign Investment 2018 (“2018 Negative List”) on 28 June, 2018, which has entered into force on 28 July 2018. Subsequently, the Special Administrative Measures for Foreign Investment Access to Pilot Free Zones (“2018 FTZ Negative List”) was also released on 30 June, effective from 30 July, 2018.  By releasing the 2018 Negative List and 2018 FTZ Negative List, the Chinese government further liberalizes the market access in more than 20 sectors to foreign investments, including but not limited to agriculture, energy, resources, finance, automotive, ship and aviation devices manufacture, infrastructure, transportation, trade and culture.

Ihr Kontakt: Wendy Liu

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