News
28. März 2025
Preparation, adoption and publication of financial statements: what are the rules again?
Pursuant to Section 2:210 of the Civil Code, the management board of a private limited liability company (BV) or public limited company (NV) must prepare annual accounts and make them available for inspection at the company's offices within five months of the end of the financial year, subject to a maximum five-month extension on account of special circumstances.
News
28. März 2025
HEUSSEN recognized as a ‘Leading Firm’ by The Legal500
HEUSSEN is proud to announce that we have once again been recognized as a Leading Firm in the latest Legal500 rankings. This recognition reflects the dedication, expertise, and hard work of our team, as well as the trust of our clients.
News
24. März 2025
Proposed changes to the EU ESG legislation: the first Omnibus package
Recently, the European Commission proposed to simplify certain Environmental, Social and Governance (ESG) legislation in order to facilitate competitiveness and unlock additional investment capacity of the European Union. As part of the ESG legislation, the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD) and the EU Taxonomy for Sustainable Finance Regulation (EU Taxonomy Regulation) were adopted between the years 2020 and 2024.
News
10. Februar 2025
The (pre-trial) right of inspection: excludable?
The new law of evidence, which came into force in early 2025, has already been the subject of extensive discussion and debate. One of the most striking changes is the introduction of the pre-trial right of inspection. This allows a party to request data – such as written documents and electronic information – from a counterparty or third party, without court intervention. In principle, the counterparty and third party are obliged to comply. Under former law, a party had the right of inspection only when granted by the court in legal proceedings. An as of yet unanswered question is whether and to what extent the (pre-trial) right of inspection can be excluded. In other words: can parties agree that they are not obliged to comply with a (future) information request?
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
Recently the Amsterdam District Court (ECLI:NL:RBAMS:2024:3987) ruled that no temporary agency contract (an employment contract between a temp agency and an employee) between Temper, an online platform for flexible work, and the workers.
News
27. Mai 2024
Litigation funding and legal accessibility
Litigation funding, also known as third-party funding, is emerging. It offers opportunities for individuals and groups who otherwise would not have the financial means to pursue a lawsuit. In this blog, we explain what litigation funding is and discuss recent developments, its impact, and considerations.
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.
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