1295 results Will the COVID-19 pandemic have an impact on financial covenants? As it is expected that the coronavirus outbreak will negatively affect the operations of companies in a wide variety of sectors, any consequent breaches of financial covenants are likely inevitable. Key considerations for management and owners of Dutch privately held companies in distress due to COVID-19 The COVID-19 pandemic has a significant and immediate adverse effect on many companies in different industries. Many PE portfolio companies are particularly vulnerable given the typical high leverage finance structure and inherent need to maintain cash fl DAC 6 introduced under Luxembourg law On 21 March 2020, the Luxembourg Parliament voted to approve the law implementing the Council Directive (EU) 2018/822 which introduces disclosure obligations for intermediaries and taxpayers of certain reportable cross-border arrangements (the “Law”). Collective bargaining agreement National labour council for unemployment for economic reasons The National Labour Council concluded a collective bargaining agreement with regard to the coronavirus on unemployment due to economic reasons for white-collar employees. We discuss in short the impact of this collective bargaining agreement. Collectieve arbeidsovereenkomst over werkloosheid wegens economische oorzaken De Nationale Arbeidsraad heeft een collectieve arbeidsovereenkomst gesloten voor de schorsing van arbeidsovereenkomsten voor bedienden wegens economische oorzaken m.b.t. het coronavirus. We bespreken kort de invloed ervan. Additional Dutch tax measures to provide relief for economic impact corona crisis Further to the measures already announced on 12 March 2020, the Dutch government earlier this week announced additional extraordinary measures (both tax and non-tax related) to mitigate the economic impact of the corona crisis. Below we will summarize som Luxembourg tax measures relieving companies and self-employed individuals impact The Luxembourg Government has announced a series of measures aiming at providing tax relief for companies and self-employed individuals in order to address the adverse economic impact of the Covid-19 crisis. What are the tax consequences of the coronavirus with regard to telework? The impact of the coronavirus is strongly felt in tax matters. The Ruling Commission has set up an accelerated procedure for the ruling requests concerning the lump sum expense allowances with regard to telework. Corona Checklist for (Supply) Contracts in the Energy & Industry Sector The outbreak of the corona virus is affecting economies worldwide. Many governments are taking measures to mitigate the spread of the corona virus. Increasingly, this is leading to supply bottlenecks, assembly line stoppages, etc. Corona Checklist for (Supply) Contracts in the Energy & Industry Sector The outbreak of the corona virus is affecting economies worldwide. Many governments are taking measures to mitigate the spread of the corona virus. Increasingly, this is leading to supply bottlenecks, assembly line stoppages, etc. Liste de contrôle ‘Corona’ pour les contrats (de fourniture) dans les secteurs de l'énergie et de l'industrie L'épidémie de coronavirus affecte les économies du monde entier. Des mesures restrictives sont adoptées pour contenir sa propagation, entraînant des pénuries d'approvisionnement et des interruptions de chaînes de montage. The Dutch scheme – when can it be used, and by whom? As mentioned in our earlier blog, the Dutch legislator has prepared a bill – the Act on confirmation of private restructuring plans (Wet homologatie onderhands akkoord) – which introduces a framework allowing debtors to restructure their debts outside for Privaatrechtelijke aansprakelijkheid bij schending MiFID II: complementariteit en beleggersbescherming Marnix Wallinga bespreekt de privaatrechtelijke handhaving van de MiFID II-gedragsregels door middel van aansprakelijkheid van beleggingsondernemingen tegenover cliënten. Q&A guidance on revised Dutch tax ruling practice On 25 February 2020, the Dutch tax authorities have published a Q&A regarding the revised Dutch tax ruling practice. Although the Q&A is for information purposes only and no rights can be derived from the document, it provides some helpful guidance. Commission continues cross-border trade crusade The European Commission is on a roll in its fight against territorial sales restrictions. ECJ confirms: gun jumping is double trouble Companies beware: the European Court of Justice has confirmed the Commission’s practice of imposing two separate fines for gun jumping. Een verstreken begunstigingstermijn kan worden verlengd of opgeschort, maar (nog) niet in alle gevallen Indien de begunstigingstermijn die een bestuursorgaan aan een last onder dwangsom heeft verbonden voor de overtreder niet haalbaar blijkt, kan hij een verzoek om verlenging of opschorting van die termijn doen. Stibbe advises Floating PV Stibbe acted as a transaction counsel to Floating PV NV, a vehicle set up by Sibelco, Groep Machiels and Luminus to build five hectares of floating solar panels at Sibelco’s Schansheide quarry in Dessel. Pagination Previous page Page 24 Current page 25 Page 26 Page 27 Next page
Will the COVID-19 pandemic have an impact on financial covenants? As it is expected that the coronavirus outbreak will negatively affect the operations of companies in a wide variety of sectors, any consequent breaches of financial covenants are likely inevitable.
Key considerations for management and owners of Dutch privately held companies in distress due to COVID-19 The COVID-19 pandemic has a significant and immediate adverse effect on many companies in different industries. Many PE portfolio companies are particularly vulnerable given the typical high leverage finance structure and inherent need to maintain cash fl
DAC 6 introduced under Luxembourg law On 21 March 2020, the Luxembourg Parliament voted to approve the law implementing the Council Directive (EU) 2018/822 which introduces disclosure obligations for intermediaries and taxpayers of certain reportable cross-border arrangements (the “Law”).
Collective bargaining agreement National labour council for unemployment for economic reasons The National Labour Council concluded a collective bargaining agreement with regard to the coronavirus on unemployment due to economic reasons for white-collar employees. We discuss in short the impact of this collective bargaining agreement.
Collectieve arbeidsovereenkomst over werkloosheid wegens economische oorzaken De Nationale Arbeidsraad heeft een collectieve arbeidsovereenkomst gesloten voor de schorsing van arbeidsovereenkomsten voor bedienden wegens economische oorzaken m.b.t. het coronavirus. We bespreken kort de invloed ervan.
Additional Dutch tax measures to provide relief for economic impact corona crisis Further to the measures already announced on 12 March 2020, the Dutch government earlier this week announced additional extraordinary measures (both tax and non-tax related) to mitigate the economic impact of the corona crisis. Below we will summarize som
Luxembourg tax measures relieving companies and self-employed individuals impact The Luxembourg Government has announced a series of measures aiming at providing tax relief for companies and self-employed individuals in order to address the adverse economic impact of the Covid-19 crisis.
What are the tax consequences of the coronavirus with regard to telework? The impact of the coronavirus is strongly felt in tax matters. The Ruling Commission has set up an accelerated procedure for the ruling requests concerning the lump sum expense allowances with regard to telework.
Corona Checklist for (Supply) Contracts in the Energy & Industry Sector The outbreak of the corona virus is affecting economies worldwide. Many governments are taking measures to mitigate the spread of the corona virus. Increasingly, this is leading to supply bottlenecks, assembly line stoppages, etc.
Corona Checklist for (Supply) Contracts in the Energy & Industry Sector The outbreak of the corona virus is affecting economies worldwide. Many governments are taking measures to mitigate the spread of the corona virus. Increasingly, this is leading to supply bottlenecks, assembly line stoppages, etc.
Liste de contrôle ‘Corona’ pour les contrats (de fourniture) dans les secteurs de l'énergie et de l'industrie L'épidémie de coronavirus affecte les économies du monde entier. Des mesures restrictives sont adoptées pour contenir sa propagation, entraînant des pénuries d'approvisionnement et des interruptions de chaînes de montage.
The Dutch scheme – when can it be used, and by whom? As mentioned in our earlier blog, the Dutch legislator has prepared a bill – the Act on confirmation of private restructuring plans (Wet homologatie onderhands akkoord) – which introduces a framework allowing debtors to restructure their debts outside for
Privaatrechtelijke aansprakelijkheid bij schending MiFID II: complementariteit en beleggersbescherming Marnix Wallinga bespreekt de privaatrechtelijke handhaving van de MiFID II-gedragsregels door middel van aansprakelijkheid van beleggingsondernemingen tegenover cliënten.
Q&A guidance on revised Dutch tax ruling practice On 25 February 2020, the Dutch tax authorities have published a Q&A regarding the revised Dutch tax ruling practice. Although the Q&A is for information purposes only and no rights can be derived from the document, it provides some helpful guidance.
Commission continues cross-border trade crusade The European Commission is on a roll in its fight against territorial sales restrictions.
ECJ confirms: gun jumping is double trouble Companies beware: the European Court of Justice has confirmed the Commission’s practice of imposing two separate fines for gun jumping.
Een verstreken begunstigingstermijn kan worden verlengd of opgeschort, maar (nog) niet in alle gevallen Indien de begunstigingstermijn die een bestuursorgaan aan een last onder dwangsom heeft verbonden voor de overtreder niet haalbaar blijkt, kan hij een verzoek om verlenging of opschorting van die termijn doen.
Stibbe advises Floating PV Stibbe acted as a transaction counsel to Floating PV NV, a vehicle set up by Sibelco, Groep Machiels and Luminus to build five hectares of floating solar panels at Sibelco’s Schansheide quarry in Dessel.