News
19. Dezember 2024
WHOA SPECIAL – 3. TEIL
Der Restrukturierungsversuch eines Unternehmens kann durch verschiedene Parteien gefährdet werden. Damit der Schuldner das Unternehmen erfolgreich restrukturieren kann, bietet das WHOA-Gesetz dem Schuldner unterschiedliche Schutzmaßnahmen.
News
6. Dezember 2024
StaRUG-Verfahren der VARTA AG
Im Zuge unserer WHOA-Specials möchten wir auf ein aktuelles und interessantes StaRUG-Verfahren aus Deutschland aufmerksam machen.
Die VARTA AG – ein deutscher Hersteller für Lithium-Ionen-Batterien, der weltweit agiert – hat am 21. Juli 2024 beim Amtsgericht Stuttgart die Durchführung eines StaRUG-Verfahrens angezeigt. Das Unternehmen befindet sich in einer finanziellen Notlage und eine Restrukturierung der Schulden ist notwendig, um ein Insolvenzverfahren zu vermeiden.
News
7. Oktober 2024
Das WHOA wird schrittweise im Insolvenzrecht verankert
Seit dem Inkrafttreten des niederländischen Gesetzes zur Bestätigung des außergerichtlichen Vergleichs (Wet homologatie onderhands akkoord, und im Nachfolgenden: das „WHOA-Gesetz“) im Jahr 2021, erstellt der WHOA-Pool - eine Gruppe von spezialisierten Richtern und Mitarbeitern, die mit der Anwendung des WHOA beauftragt sind – jedes Jahr einen Jahresbericht. Die wichtigste Schlussfolgerung des Jahresberichts 2023, der am 18. Juni 2024 veröffentlicht wurde, lautet, dass das WHOA-Gesetz sich schrittweise im Insolvenzrecht verankert. Im Folgenden erfahren Sie mehr über die Zahlen, Fakten und Trends im Zusammenhang mit dem WHOA-Gesetz im Jahr 2023.
News
24. September 2024
HEUSSEN recognized as a 'Recommended Firm 2024' by IFLR1000
HEUSSEN Lawyers and Notaries proudly announces its remarkable achievement in the IFLR1000 2024 rankings. The firm has been awarded a tier 3 ranking in Banking and a tier 5 ranking in M&A, which affirms its status as a go-to firm with regard to both practices. “We are proud of our clients’ recognition for our commitment, knowledge and pragmatic approach that has resulted in these great rankings of our Banking & Finance and M&A practices again this year.”, says Martijn Koot, Partner at HEUSSEN.
News
24. September 2024
The choice of forum in general terms and conditions in international B2B relationships: key considerations
In international business relationships, parties frequently opt to include a choice of forum clause in their agreements or general terms and conditions. This enables them to designate a specific court, such as a Dutch court, with exclusive jurisdiction to handle any disputes that may arise. Due to the significant implications of such exclusivity, a choice of forum requires an agreement, meaning that they must reach a genuine consensus on the choice of forum. Disputes frequently arise regarding the validity of a choice of forum clause, particularly when such clause is embedded in general terms and conditions. This article provides an overview of the requirements for establishing a valid choice of forum in general terms and conditions and concludes with practical tips for ensuring, as far as possible, the enforceability of such clauses.
News
6. August 2024
No temporary agency contact between Temper and the workers
Onlangs oordeelde de rechtbank Amsterdam (ECLI:NL:RBAMS:2024:3987) dat geen sprake is van een uitzendovereenkomst (bijzondere vorm van een arbeidsovereenkomst) tussen Temper (online platform voor flexibel werk) en de werkers.
News
27. Mai 2024
Litigation funding and legal accessibility
Inleiding
Procesfinanciering, ook bekend als derdenfinanciering, is een opkomend fenomeen in de juridische wereld. Het biedt mogelijkheden voor individuen en groepen die anders niet over de financiële middelen zouden beschikken om een rechtszaak te voeren. In dit nieuwsbericht leggen we uit wat procesfinanciering is, en bespreken we de recente ontwikkelingen, impact en overwegingen.
News
15. April 2024
THRESHOLDS REGARDING ANNUAL ACCOUNTS INCREASED
On 13 March 2023 the Order in Council ("OiC") pursuant to which the thresholds for, among other things, the audit requirement of annual accounts are increased entered into force. The OiC transposes Directive 2013/34/EU of the European Commission which was published on October 19, 2023 into Dutch legislation.
News
4. April 2024
WHOA SPECIAL – 2. TEIL
In der ersten Sonderausgabe zum WHOA haben wir eine Bilanz nach 2,5 Jahren WHOA gezogen. Auch haben wir einen kurzen Überblick über das niederländische WHOA-Verfahren gegeben und die WHOA mit der deutschen StaRUG verglichen. In dieser zweiten Sonderausgabe zur WHOA werden wir die Rechte von Gesellschaftern und Gläubigern, den Inhalt des Restrukturierungsplans[1] und die Voraussetzungen für die Annahme und Bestätigung des Restrukturierungsplans besprechen.
News
28. März 2024
HEUSSEN RANKED IN THE LEGAL 500 ONCE AGAIN
HEUSSEN is proud to announce that it has been ranked in three practice areas in the 2024 EMEA edition of The Legal 500. The Legal 500 is a guide to the world’s leading law firms and lawyers and is focused on benchmarking law firms and lawyers on the basis of evaluation and feedback from clients and peers.
News
14. März 2024
Bill 'Digital general meeting of private legal persons Act'
On 15 January 2024, the bill on digital general meetings of legal entities under private law was submitted to the Dutch Lower House. The bill provides for the possibility for Dutch legal entities under private law to hold general meetings by digital means only.
News
1. Februar 2024
Do not wait too long to start the WHOA-proceedings
The Act on the court approval of private restructuring plans (Wet Homologatie Onderhands Akkoord or WHOA) makes it easier for a company in financial distress to sit down with its creditors and shareholders at the negotiating table in order to agree upon a reduction of its debt burden. These agreements are set out in a so-called private arrangement (onderhands akkoord). If not all creditors agree to this arrangement, it can be submitted to the court for ratification. If the court ratifies the arrangement (homologatie), the dissenting creditors will also be bound by the arrangement.
News
18. Dezember 2023
New Reporting Obligation for Businesses Under the Foreign Subsidies Regulation
As from October 12, 2023, certain undertakings within the European Union ("EU") that have received direct or indirect subsidies from non-EU member states are required to make a notification to the European Commission if they are involved in mergers, acquisitions, public procurement procedures or the establishment of joint ventures. This obligation arises from Regulation (EU) 2022/2560 on foreign subsidies distorting the internal market ("Foreign Subsidies Regulation" or “FSR”), which came into effect on January 12, 2023. The primary objective of the FSR is to reduce the distortive effect of foreign subsidies on the European internal market.
News
6. November 2023
Understanding Litigation Costs
Legal costs can be a point of contention in a legal dispute. But what exactly are litigation costs, and how are they allocated in legal proceedings? Earlier, Luuk Rietveld wrote an article on Security for legal costs by foreign parties, in which the issue of cost allocation was introduced. This article delves deeper into the subject.
News
3. Oktober 2023
ACT ON DIGITAL INCORPORATION ENTERS INTO FORCE IN THE NETHERLANDS
As from 1 January 2024, it will be possible to electronically incorporate a Dutch private limited liability company (“BV”) in the Netherlands. The new act making this possible ensues from a European Directive which should have been transposed into Netherlands law by 1 August 2022, but, as is often the case, the Netherlands failed to meet this deadline.
News
19. September 2023
HEUSSEN ranked in the IFLR1000 once again
HEUSSEN is proud to announce that it has been ranked in two practice areas in the IFLR1000 2023 edition and that its Banking & Finance partner and Head of German Desk Sandy van der Schaaf has been ranked as a Rising Star partner. IFLR1000 is a guide to the world’s leading financial and corporate law firms and is focused on benchmarking law firms and lawyers on the basis of financial and corporate transactional work.
News
14. August 2023
Legislative bill to amend shareholder dispute resolution procedure
On 21 April 2023, the legislative bill on the amendment of the dispute resolution procedure for shareholders and clarification of admissibility requirements for inquiry proceedings (the "Wagevoe Bill") was submitted to the Council of State (Raad van State) for advice. On 28 June 2023, this body issued its opinion thereon. Below, a number of important topics of the Wagevoe Bill are discussed.
News
11. August 2023
Act on the Transposition of the European Mobility Directive enters into force
On 1 September 2023, the Act on the Transposition of the Directive on cross-border conversions, mergers and demergers (the “Act”) will enter into force. The Act seeks to transpose European Directive (EU) 2019/2121 (the "Mobility Directive") into Dutch law. The Mobility Directive, which entered into force on 1 January 2020 and should have already been transposed into national law by 31 January 2023, aims to promote freedom of establishment for capital companies within the European Union ("EU"), while also strengthening the rights of stakeholders. This is achieved by introducing new rules on cross-border conversions and demergers and adapting the already existing rules on cross-border mergers.
News
24. Juli 2023
Reporting obligation CO2 emissions
In 2019 the so-called Climate Agreement was concluded in the Netherlands. One of the commitments is to reduce annual CO2 emissions from work-related passenger mobility by at least 1.5 megatons by 2030. The agreement was further elaborated in the decree "CO2 reduction from work-related passenger mobility".
News
18. Juli 2023
The restructuring plan under the WHOA
The Act on the court approval of private restructuring plans (Wet Homologatie Onderhands Akkoord or WHOA) makes it easier for a company in financial distress to sit down with its creditors and shareholders at the negotiating table in order to agree upon a reduction of its debt burden as set out in a restructuring plan. Such a restructuring plan can be submitted to the court for ratification (homologatie). After ratification of the restructuring plan, all affected creditors or shareholders are bound by the terms of the plan.
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