Netherlands

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ECJ issued landmark case on real estate investment funds

On 9 December 2015 the European Court of Justice ("ECJ") decided in the Dutch case Fiscale Eenheid X NV (C-595/13) that funds investing directly in real state can qualify as "special investment fund" for the purposes of the VAT exempt ...

Resource Article - twallace@abiwor... - 01/29/2016 - 13:34 - 0 comments - 0 attachments

Breach notification duty | Meldplicht datalekken

Dutch data protection authority publishes Policy Rules on breach notification duty As of 1 January 2016 companies, public bodies and other organisations that process personal data have an obligation to immediately report personal data breaches to the D ...

Resource Article - twallace@abiwor... - 01/29/2016 - 13:24 - 0 comments - 0 attachments

Mandatory bail-in clause in agreements of banks and investment firms/Verplichte afwikkelbaarheidsclausule in overeenkomsten van banken en beleggingsondernemingen

Legislation implementing the EU Bank Recovery and Resolution Directive ("BRRD") in Netherlands law and facilitating the application of the EU Single Resolution Mechanism Regulation ("SRM Regulation") was approved by the Upper Chamber ...

Resource Article - twallace@abiwor... - 01/29/2016 - 12:09 - 0 comments - 0 attachments

Accounting Directive Implementation Act per 1 November 2015/Inwerkingtreding Uitvoeringswet Richtlijn Jaarrekening per 1 november 2015

On 1 November 2015 the Accounting Directive Implementation Act entered into effect. This legislation implements Directive 2013/34/EU in Dutch law. The most important changes under this Act are higher thresholds for determining the "size" of leg ...

Resource Article - twallace@abiwor... - 01/29/2016 - 10:50 - 0 comments - 0 attachments

PGGM To Agree €2.3 Billion Synthetic Securitisation Deal With Santander

PGGM, one of the largest Dutch pension fund managers, will on Monday complete a €2.3bn trade to insure loans of Santander, the Spanish bank, in a deal that highlights the growing appeal of exotic financial instruments in a world of ultra-low interest rat ...

Daily Headline - global.abi.org - 01/10/2016 - 20:35 - 0 comments

Dutch Retail Chain V&D Declared Bankrupt

Vroom & Dreesman, the largest Dutch department store chain, has been declared bankrupt, it said in a statement published on its website on Thursday. V&D, with 10,000 workers at 67 stores, has suffered in recent years as the Dutch economy stagnate ...

Daily Headline - global.abi.org - 01/03/2016 - 21:55 - 0 comments

Dutch Retail Chain V&D Declared Bankrupt

Vroom & Dreesman, the largest Dutch department store chain, has been declared bankrupt, Reuters reported today. V&D, with 10,000 workers at 67 stores, has suffered in recent years as the Dutch economy stagnated and on-line stores won away custome ...

Daily Headline - abi_admin - 12/31/2015 - 13:57 - 0 comments

Largest Dutch Department Store V&D Granted Creditor Protection

Vroom & Dreesman, the largest department store chain in the Netherlands, has been granted protection from creditors after failed efforts to turn around the troubled business, Reuters reported today. V&D, with 10,000 employees at 62 stores across ...

Daily Headline - abi_admin - 12/23/2015 - 11:43 - 0 comments

ABN Amro I.P.O. Will Go Ahead, Dutch Government Says

The government of the Netherlands said on Tuesday that it planned to proceed with a sale of shares of the state-owned lender ABN Amro in an initial public offering, possibly as soon as the fourth quarter of this year, the International New York Times ...

Daily Headline - global.abi.org - 10/27/2015 - 20:45 - 0 comments

Endless Buyout To Save 700 Jobs At Imtech Suir In Waterford

The private equity fund that backed the buyout of parts of the former Quinn Group last year is poised to swoop on the Irish arm of troubled Dutch engineer, Imtech, saving 700 jobs, the Irish Times reported. The parent of Waterford engineering busines ...

Daily Headline - global.abi.org - 08/30/2015 - 15:53 - 0 comments

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