Until now legal entities serving as board members, directors, or liquidators of companies could choose whether to subject themselves to VAT for the services they rendered. But according to the Belgian VAT administration’s published decision ET.125.180 on 20 November 2014, this optional regime will be abolished from 1 January 2015, making these entities liable for VAT mandatorily.

Op 1 september jl. is het wetsvoorstel Wet civielrechtelijk bestuursverbod bij de Tweede Kamer ingediend. De belangrijkste punten in het voorstel zijn:

Op 11 juli 2014 heeft de Hoge Raad bepaald dat vorderingen van een huurder tot het verrichten van onderhoud en tot het verschaffen van huurgenot op zichzelf steunvorderingen kunnen opleveren bij een faillissementsaanvraag (ECLI:NL:HR:2014:1681).

Met de inwerkingtreding van de Wet Claw back op 1 januari 2014 eindigde een periode waarin diverse ondernemingsrechtelijke wetten in werking traden, waaronder de Wet bestuur en toezicht en de Flex-BV wetgeving. Op dit moment bereidt de wetgever enkele nieuwe wetsontwerpen voor. In de meeste gevallen staat daarin de rol van bestuurders en toezichthouders centraal. Zo ook in het voorontwerp Wet bestuur en toezicht rechtspersonen en binnen het Wetgevingsprogramma Herijking Faillissementsrecht. 

In 2011, the Supreme Court decided Stern v. Marshall, 564 U.S. ___, 131 S. Ct. 2594 (2011), which gave voice to the Court’s grave concerns about the constitutional limits of bankruptcy court jurisdiction and raised several questions that have confounded courts and lawyers for three years. Last week, the Supreme Court issued its first follow-up ruling, answering some of those questions and clarifying how bankruptcy courts are to handle so-called Stern claims. Despite that guidance, the opinion leaves several important questions unanswered.

As expected (and predicted), the bankruptcy judge in Dallas, Texas granted Mt. Gox’s request for an order of “recognition” that the debtor’s Tokyo insolvency action was a “foreign main proceeding.” She will also allow Mt. Gox’s bankruptcy trustee, Nobuaki Kobayahsi, to act as the “foreign representative” of the debtor in connection with whatever relief it might seek in the Chapter 15 case.

On June 18, 2014, the U.S. Bankruptcy Court in Dallas will consider whether to grant recognition to the insolvency case pending in Tokyo. Based on the pleadings filed last week, it is a virtual certainty that the court will enter an order granting recognition.

On May 21, the bankruptcy trustee for Mt. Gox advised depositors that the bankruptcy case in Tokyo was proceeding.  The information contained in the email was limited in scope, guarded and of little use in understanding the trustee’s view of how the bankruptcy ultimately may resolve. 

On April 28, in the wake of Mt. Gox’s Japanese rehabilitation proceeding having been converted to a liquidation proceeding, a proposal for selling and restarting the Mt. Gox exchange was submitted in the pending class action litigation in Illinois. The proposal was accepted by plaintiffs in the class action litigation before a class had even been certified.

The District Court for the Southern District of New York in Lehman Brothers recently threw cold water on a growing body of cases that permit compensation of professional fees incurred by individual members of official committees of unsecured creditors.