102 results Reliance on war exclusion clause after cyberattack fails; insurers must pay out over a billion dollars in damages The NotPetya computer virus went global in 2017. Many companies, including pharmaceutical company Merck, suffered major damage as a result. Merck was insured with several all-risk property insurers and claimed compensation for their losses. FAQ: An Open Government Act request has been submitted that relates to me, now what? The Dutch government has given you the opportunity to present your views on an intended disclosure of information based on the Open Government Act (Wet open overheid). What does the Open Government Act entail? Tax Controversy Update February 2023 This Tax Alert addresses certain recent developments concerning procedural tax law in the Netherlands. Data Privacy Day 2023: highlighting the most impactful ECJ judgments from the past year In recent years, the ECJ has issued landmark judgments with far-yielding consequences for data controllers and data processors. To celebrate Data Privacy Day 2023, we highlighted the most impactful judgments of the ECJ from the past year. Financial Stability Board issues uniform bank cyberattack reporting framework On 13 April 2023, the Financial Stability Board (FSB) published a report on convergence in Cyber Incident Reporting (CIR). Dutch Supreme Court decides on liability of de facto directors under Dutch law: ‘setting aside’ of formal directors is not required In bankruptcy proceedings, directors under the articles of association of a Dutch B.V. or N.V. can be held liable by a bankruptcy trustee on the basis of specific articles of the Dutch Civil Code concerning manifestly improper management. ECJ accepts carve-out Italy in Commission’s Amazon Buy Box investigation The EU Court of Justice dismissed Amazon’s claim that the exclusion of Italy from the European Commission’s investigation into its Buy Box feature deprived Amazon of its protection against a parallel investigation by the Italian competition authority. Compensation after infringement of the General Data Protection Regulation: European developments The General Data Protection Regulation (GDPR) is one of the most significant development in the European data strategy in the past years and is continuously evolving. EU Member States reach agreement on Pillar Two The Council of the EU announced on 12 December 2022 that the EU Member States had unanimously reached agreement on the directive on the implementation of Pillar Two. It formally adopted the directive three days later. Colour shifting risks: cartel fines for alleged indirect info exchange upheld National courts upheld the approach by two national competition authorities towards indirect information exchange, lowering the standard of proof for collusion by competitors when receiving competitively sensitive information from a buyer (or supplier). Reporting for non-EU AIFMs as of Q1 2023 Effective from Q1 2023, the Netherlands Authority for the Financial Markets (the “AFM”) indicated that it will require AIFMs who have notified AIFs for marketing under Article 36/Article 42 AIFMD to submit Periodic Reports. The postman will no longer ring twice: Minister unblocks postal merger The Dutch Authority for Consumers and Markets (ACM) recently blocked postal operator PostNL's acquisition of its only national competitor, Sandd, because this would create "a monopolist on the postal delivery market". Margrethe Vestager to play matchmaker between enforcement and regulation Current Competition Commissioner Margrethe Vestager may face even greater challenges in the next European Commission. Advice from the Social and Economic Council (SER): potential diversity quota for supervisory boards of listed companies According to the Dutch government, the increase in the proportion of women in top positions is lagging behind its objectives. Supervision of crypto services On 3 September 2019, De Nederlandsche Bank ("DNB") published a press release in which DNB points out to providers of crypto services that they should prepare for imminent DNB supervision. Dutch Supreme Court answers questions on setoff before and during bankruptcy and suspension of payments The authors discuss a recent judgment by the Dutch Supreme Court that extends the right of setoff for banks before and during bankruptcy and suspension of payments. Stibbe advises WWF-Netherlands The Dutch government has expressed its intention to recognize the Malaysian Timber Certification System (MTCS) as evidence of sustainable wood for a two-year period, even though MTCS does not meet all official criteria. Stibbe advises the Rembrandt Society Stibbe advises the Rembrandt Society’s vision of the Act of Cultural Heritage (‘Erfgoedwet’). Pagination Current page 1 Page 2 Page 3 Page 4 Next page
Reliance on war exclusion clause after cyberattack fails; insurers must pay out over a billion dollars in damages The NotPetya computer virus went global in 2017. Many companies, including pharmaceutical company Merck, suffered major damage as a result. Merck was insured with several all-risk property insurers and claimed compensation for their losses.
FAQ: An Open Government Act request has been submitted that relates to me, now what? The Dutch government has given you the opportunity to present your views on an intended disclosure of information based on the Open Government Act (Wet open overheid). What does the Open Government Act entail?
Tax Controversy Update February 2023 This Tax Alert addresses certain recent developments concerning procedural tax law in the Netherlands.
Data Privacy Day 2023: highlighting the most impactful ECJ judgments from the past year In recent years, the ECJ has issued landmark judgments with far-yielding consequences for data controllers and data processors. To celebrate Data Privacy Day 2023, we highlighted the most impactful judgments of the ECJ from the past year.
Financial Stability Board issues uniform bank cyberattack reporting framework On 13 April 2023, the Financial Stability Board (FSB) published a report on convergence in Cyber Incident Reporting (CIR).
Dutch Supreme Court decides on liability of de facto directors under Dutch law: ‘setting aside’ of formal directors is not required In bankruptcy proceedings, directors under the articles of association of a Dutch B.V. or N.V. can be held liable by a bankruptcy trustee on the basis of specific articles of the Dutch Civil Code concerning manifestly improper management.
ECJ accepts carve-out Italy in Commission’s Amazon Buy Box investigation The EU Court of Justice dismissed Amazon’s claim that the exclusion of Italy from the European Commission’s investigation into its Buy Box feature deprived Amazon of its protection against a parallel investigation by the Italian competition authority.
Compensation after infringement of the General Data Protection Regulation: European developments The General Data Protection Regulation (GDPR) is one of the most significant development in the European data strategy in the past years and is continuously evolving.
EU Member States reach agreement on Pillar Two The Council of the EU announced on 12 December 2022 that the EU Member States had unanimously reached agreement on the directive on the implementation of Pillar Two. It formally adopted the directive three days later.
Colour shifting risks: cartel fines for alleged indirect info exchange upheld National courts upheld the approach by two national competition authorities towards indirect information exchange, lowering the standard of proof for collusion by competitors when receiving competitively sensitive information from a buyer (or supplier).
Reporting for non-EU AIFMs as of Q1 2023 Effective from Q1 2023, the Netherlands Authority for the Financial Markets (the “AFM”) indicated that it will require AIFMs who have notified AIFs for marketing under Article 36/Article 42 AIFMD to submit Periodic Reports.
The postman will no longer ring twice: Minister unblocks postal merger The Dutch Authority for Consumers and Markets (ACM) recently blocked postal operator PostNL's acquisition of its only national competitor, Sandd, because this would create "a monopolist on the postal delivery market".
Margrethe Vestager to play matchmaker between enforcement and regulation Current Competition Commissioner Margrethe Vestager may face even greater challenges in the next European Commission.
Advice from the Social and Economic Council (SER): potential diversity quota for supervisory boards of listed companies According to the Dutch government, the increase in the proportion of women in top positions is lagging behind its objectives.
Supervision of crypto services On 3 September 2019, De Nederlandsche Bank ("DNB") published a press release in which DNB points out to providers of crypto services that they should prepare for imminent DNB supervision.
Dutch Supreme Court answers questions on setoff before and during bankruptcy and suspension of payments The authors discuss a recent judgment by the Dutch Supreme Court that extends the right of setoff for banks before and during bankruptcy and suspension of payments.
Stibbe advises WWF-Netherlands The Dutch government has expressed its intention to recognize the Malaysian Timber Certification System (MTCS) as evidence of sustainable wood for a two-year period, even though MTCS does not meet all official criteria.
Stibbe advises the Rembrandt Society Stibbe advises the Rembrandt Society’s vision of the Act of Cultural Heritage (‘Erfgoedwet’).