On 30 June 2021, the Administrative Jurisdiction Division of the Council of State (Afdeling bestuursrechtspraak van de Raad van State) issued its judgment in a case regarding the provincial executive (Gedeputeerde Staten) of Groningen’s permit issuance for the expansion of a wind park close to Delfzijl. According to the Administrative Jurisdiction Division, the general wind turbine standards currently used to license the realization of the majority of wind farms do not comply with European rules.…

The popularity of the special purpose acquisition company, or SPAC, has skyrocketed in recent months not only in the US, but also in Europe. Many SPAC IPOs in the pipeline at the moment, particularly on Euronext Amsterdam. In the first part of this publication, I discuss the most important features of a SPAC. I then provide details on the opportunity that investors are offered to sell the shares they buy during the IPO back to…

Environmental risks are often difficult to quantify and liabilities can be substantial. In addition, there is the risk of regulatory action in the event of a violation of environmental law. These violations generally also qualify as a criminal offence under Dutch law. This Practice Note considers the environmental risks that can arise in corporate transactions and sets out how these risks can be mitigated. Continue reading the full Thomson Reuters Practical Law article, “Environmental Issues …

This GT Alert expounds on the implementation of the Dutch register of ultimate beneficial owners (UBOs) of trusts and similar legal arrangements (trust register). The obligation to arrange a trust register derives from the Fifth Money Laundering Directive ((EU) 2018/843) (5MLD). The aim of the trust register resembles the aim of the UBO register; preventing the financial system from being used for the purposes of money laundering or terrorist financing. Continue reading the full …

On 5 May 2021, the European Commission (the Commission) proposed a regulation to tackle foreign subsidies causing distortions in the European Union’s internal market (the Proposal). The Commission is concerned that subsidies granted by non-EU countries may cause distortions in the internal market and undermine the level playing field within the EU, especially when they are used to finance participation in public procurement tenders or acquisitions of undertakings. According to the Commission, whereas public support…

There is a global trend to move capital to more sustainable economic activities. To ensure that capital is moved to the desired activities, several questions arise: What is sustainable? How is “greenwashing” prevented? How is materiality of environmental, social, and corporate governance (ESG) issues determined? Who must disclose and how? Continue reading the full GT Alert.…

Welcome to the May 2021 issue of GT’s Competition Currents, a monthly newsletter for Greenberg Traurig clients and colleagues highlighting significant developments in global antitrust and competition law. Click here to read the full newsletter.…