Cancellation Dutch NVs bearer shares

New legislation – identification holder of bearer shares

As per today, July 1, 2019, new legislation is effective allowing holders of bearer shares of Dutch NVs to be identified. The Dutch Parliament has listened to the recommendations made by, amongst others, the Financial Action Task Force (FATCA). The organizations that are part of the task force focus on preventing tax avoidance and combatting money laundering and the financing of terrorism.  Read more

Modernisation of Dutch Partnership Laws

On February 21, 2019, the Dutch Minister of Justice and Security published a preliminary draft of a legislative bill for new statutory provisions regarding Dutch partnerships (the “Draft“). The Draft provides an update of the current partnership laws that date back to 1838. Based on the proposal of a private sector partnership law committee (the “Proposal“),[1] the purpose of this Draft is to create a legal framework suiting the wishes and practices of today’s entrepreneurs, with the appropriate guarantees for the partners and the creditors. In this alert we will highlight some of the notable elements of the Draft. Read more