Even though the Dutch Financial Markets Amendment Act 2014 is still pending in the Lower House (Tweede Kamer), a consultation document for the Dutch Financial Markets Amendment Act 2015 (Wijzigingswet Financiële Markten 2015, "Amendment Act 2015") was already published on 14 August 2013.

The law of 12 July 2013 relating to alternative investment fund managers ('AIFM Law'), which implements the EU AIFM Directive (2011/61/EC) in Luxembourg, entered into force on 15 July 2013.

In 2006, The Privy Council, which is the final court of appeal for a small number of Commonwealth countries and territories, gave judgment in a case that revolutionised the cross-border recognition and enforcement of judgments at common law.

As of today, 22 July 2013, the regime of the Alternative Investment Fund Managers Directive ("AIFMD") applies in the Netherlands. The AIFMD introduces harmonized requirements for managers of a wide variety of investment institutions that do not constitute undertakings for collective investment in transferrable securities ("UCITS"), and which are marketed to professional investors in the EU. These include private equity funds, hedge funds and real estate funds. Dutch national law provides for additional rules on marketing to retail investors.

According to the latest report from the SpanishNational Statistics Institute (Instituto Nacional de Estadística: Estadística del Procedimiento Concursal (EPC),Cuarto trimestre de 2012.

According to Justice Ministry statistics, 32,656 insolvency petitions were filed in the Czech Republic in 2012.

Per 1 juli 2013 is een aantal belangrijke wijzigingen van de Algemene wet bestuursrecht ("Awb") in werking getreden. Een deel van de Wet nadeelcompensatie en schadevergoeding bij onrechtmatige besluiten ("Wns") is in werking getreden, namelijk het deel dat ziet op schadevergoeding wegens onrechtmatige overheidsbesluiten. Voorts is het tweede deel van de Wet aanpassing bestuursrecht ("Wab") in werking getreden waardoor het incidenteel hoger beroep is geïntroduceerd in het bestuursprocesrecht.

On Thursday 11 July 2013 the Enterprise Chamber of the Amsterdam Court of Appeal ruled on the compensation offered by the Dutch Minister of Finance in relation to the expropriation by the Dutch State of shares and subordinated debt issued by the SNS Reaal Group.

28 June 2013 the Commission on the Structure of Dutch Banks (the "Commission") published its report "Towards a serviceable and stable banking system". The Commission analyses the current stance of affairs in the Dutch banking landscape and provides eleven recommendations to improve serviceability and stability of the Dutch banking sector. In this newsletter we will provide you with some background on the Commission and its report and we will summarize its recommendations.

A new Act “On Insolvency (bankruptcy)” was signed by the President of the Republic of Belarus on 13 July 2012 (hereinafter, the Act), that has been put in force on 25 January 2013.