This question has been the subject of much ambiguity and debate in the courts in recent years. Some courts and tribunals held the line that this could be done. On the contrary, other courts and tribunals held that this was not possible. The Supreme Court put an end to this ambiguity and debate on March […]
Book 2 BW provides deadlines for the preparation and filing of financial statements of private companies. The board must prepare financial statements no later than five months after the end of the fiscal year. The general meeting may extend this period for up to five months. This makes the deadline for preparing financial statements 10 […]
In March of last year, a bill was introduced by the State Secretary of Economic Affairs and Climate to halve the current maximum allowed payment period for small and medium-sized businesses. The bill should curb the dominance of big business and reduce the financing deficit of small and medium-sized enterprises. The proposal received a large […]
In this document, we have outlined the major changes in corporate law for 2022. Should you have any questions about what this means for your organization, the Corporate Law practice group is readily available to answer them.
Anyone who establishes a corporation must draw up statutes. Often, when a company is established or when the statutes are amended, the notary’s model statutes are used. If there are multiple shareholders, they sometimes enter into a shareholder agreement among themselves. But what happens if the statutes and the shareholder agreement conflict with each other? […]
It regularly happens that contracts contain a penalty clause. The purpose of a penalty clause is often twofold: on the one hand, an (additional) incentive to perform and, on the other, a way to fix in advance the extent of the damage suffered by the creditor if the debtor does not fulfil his obligations. In […]