According to a recent judgment by the Limburg District Court, a pre-pack procedure, or pre-pack, may no longer be used to dismiss employees or re-employ them on different terms of employment.
What is a pre-pack?
On 26 September 2018 the Amsterdam District Court rendered its judgment in the proceedings between the liquidator of Fairfield Sentry Limited, Fairfield Sigma Limited and Fairfield Lambda Limited (which are all established in the British Virgin Islands) against Dutch public limited companies PricewaterhouseCoopers Accountants NV and PricewaterhouseCoopers NV and four accountants affiliated therewith (collectively, PwC).(1)
In zijn conclusie van 7 november 2018 formuleert raadsheer advocaat-generaal Widdershoven vijf vuistregels die richtinggevend zouden moeten zijn bij het leerstuk van ‘afgeleid belang’ in het kader van het belanghebbendebegrip in de Algemene wet bestuursrecht (art. 1:2 lid 1 Awb).
Belanghebbendebegrip en afgeleid belang
On 13 July 2018 the Amsterdam Court of Appeal declared the settlement between Fortis (since renamed Ageas) and multiple claimant organisations binding. The €1.3 billion settlement is the largest of its kind in Europe.
Under the settlement, persons who held Fortis shares at any time between 28 February 2007 and 14 October 2008 are entitled to compensation for the events of 2007-2008 subject to a full release of liability with respect to these events.
The Dutch Supreme Court today confirmed the decision of the Amsterdam Court of Appeals which found that the bankruptcy of Russian oil company Yukos cannot be recognised in the Netherlands because it came about in a manner which violates Dutch public policy. Today's decision marks the end of a court battle that lasted more than a decade.
Minister Dekker heeft in een brief aan de Eerste Kamer aangekondigd dat hij een aanpassing overweegt van huidige wetgeving over de overgang van werknemersrechten in faillissement, om de door het Smallsteps-arrest ontstane rechtsonzekerheid weg te nemen.
Civiel
The Dutch Supreme Court has confirmed the decision of the Amsterdam Court of Appeal, which found that the bankruptcy of the Russian based oil company, Yukos, could not be recognised in the Netherlands because it violates Dutch public policy.
ECT held Hanjin containers hostage