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GT Amsterdam Law Blog

Dutch 2021 Tax Bill Presented

By Thomas van der Vliet & Paul Schouten

September 16, 2020

On Budget Day, 15 September 2020, the Dutch Ministry of Finance presented its 2021 tax plan. For the proposed bills to have effect, they first must be approved by Parliament. If approved, many of the proposed measures will have effect beginning 1 January 2021, with some beginning 1 January 2022. This GT Alert outlines current proposals and previous measures that are proposed to have effect beginning 1 January 2021. Read the full GT Alert, “…

GT Amsterdam Law Blog

Dutch Data Protection Authority approves Code of Conduct for Data Processors in the ICT Sector

By Willeke Kemkers, Carsten A. Kociok & Dr. Viola Bensinger

September 8, 2020

On August 27, 2020 the Dutch Data Protection Authority (Dutch DPA) announced that it approved the first ‘code of conduct’ in the Netherlands, the Data Pro Code. The Data Pro Code was drafted by NL Digital, the Dutch industry association for organizations in the ICT sector in the Netherlands. What is a ‘Code of Conduct’? Under the EU General Data Protection Regulation (GDPR), organizations must implement ‘appropriate measures’ on an organizational, technical, and legal…

GT Amsterdam Law Blog

A New European Restructuring Landscape

By Ian Jack, Sabine Schoute, Lilian Welling-Steffens & Rupert Cheetham

August 23, 2020

A comparison of the new Dutch Scheme and the new UK Restructuring Plan. The Dutch Scheme and the UK Restructuring Plan are the latest of a series of significant developments in European restructuring law which may provide corporate debtors and their stakeholders with an improved restructuring tool kit to address financial distress and, ultimately, to preserve value by avoiding formal insolvency procedures. This GT Alert compares the Dutch Scheme with the UK Restructuring Plan. The…

GT Amsterdam Law Blog

Vage normen bij toezicht leiden tot opzeggen van bankrekeningen

By Hans Urlus

August 21, 2020

Terecht is in het artikel ‘Witwascontroles monden uit in juridische strijd om bankrekening’ opgemerkt dat de banken het veel ondernemers moeilijk maken een bankrekening te krijgen of te behouden. Zij staan onder grote druk om boetes te vermijden en moeten daartoe perfecte klantdossiers kunnen overleggen (FD, 10 augustus). Dat geldt echter ook voor notarissen, advocaten, belastingadviseurs en accountants. Hun risicomijdend gedrag ontstaat niet uit willekeur, maar door de hoge kosten van compliance. Deze…

GT Amsterdam Law Blog

Regulation of Artificial Intelligence in the EU: A Status Update

By Willeke Kemkers

August 21, 2020

Vector abstract futuristic digital landscape with particles dots and stars on horizon

Whereas privacy and data protection have been the hot topics over the past two years, artificial intelligence (AI) looks to be the next big thing. Due to AI’s rapid development, its many forms, and its extremely advanced underlying techniques, this phenomenon has the attention of policy makers, legal professionals, and politicians. In recent years, the call for a structured and comprehensive approach towards, and legal regulation of, AI has become more pronounced. Within the European…

GT Amsterdam Law Blog

LIBOR Transition Newsletter – Issue 6

By Sylvie A. Durham, Oscar Stephens, Paul Ferak, Graeme McLellan, Arleen A. Nand & Susan E. D. Neuberg

August 13, 2020

Welcome to Greenberg Traurig’s LIBOR Transition Newsletter, where we provide updates, analysis, and occasional commentary on the latest developments relating to the highly anticipated phasing-out of LIBOR at the end of 2021 or perhaps sooner. Our sixth issue discusses the following: The FCA Message is Clear: LIBOR Cessation is Coming, Notwithstanding Pandemic Loan Markets: Hardwired Approach Derivatives Market: Waiting for The ISDA Protocol Other Recent Developments Click here to read the full GT Newsletter, LIBOR …

GT Amsterdam Law Blog

To Safeguard Dutch National Security, Investment Review Bill Gets Retroactive Effect

By Thédoor Melchers

July 14, 2020

A Dutch draft bill1 introduces a new framework pursuant to which the relevant minister can, if deemed necessary for national security, review investments in or acquisitions of certain companies. The Dutch government intends to introduce the bill in early 2021, with retroactive effect as of June 2, 2020. The draft Bill introduces a specific screening mechanism for companies operating in ‘vital sectors’2 or in the field of cutting edge, sensitive technology, involving a…

GT Amsterdam Law Blog

Amsterdam’s Data Center may Resume Soon

By Jan Herfkens & Marijn Bodelier

July 6, 2020

After halting the realization of new data centers for a year, the municipal executive of Amsterdam announced on 1 July 2020 policies to welcome new data centers. Yet, they may be opened only under strict conditions. For over a year, the realization of new data centers in the Amsterdam and Schiphol airport area was banned. According to the municipalities of Amsterdam and Haarlemmermeer, data centers were taking up too much space and consuming too much …

GT Amsterdam Law Blog

EU Opens Consultation on Rules for Transboundary Plastic Waste Shipments

By Marijn Bodelier, Jacomijn Christ & Aonghus Heatley

July 3, 2020

The European Commission has opened a consultation on the adoption of amendments (currently available in draft form) to the European Union’s law on the transboundary shipment of waste. These amendments are intended to allow the EU to give effect to recent changes to the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal (the Convention) which significantly extend the Convention’s scope in relation to plastic waste. The consultation opened…

GT Amsterdam Law Blog

Dutch Ultimate Beneficial Owner (UBO) Register Implementation

By Hans Urlus

July 2, 2020

To secure the transparency required to fight money laundering and terrorism financing pursuant to the EU Anti-Money Laundering (AML) Directives, the Netherlands will now implement a public register of Ultimate Beneficial Owners (UBOs). On June 23, 2020, the Dutch Senate adopted the implementation act needed to create this UBO register. The Act may go into effect presumably not later than by September 2020, at which time all newly established entities must submit for public registration…

GT Amsterdam Law Blog

News and legal updates.

Blog Authors

Dutch 2021 Tax Bill Presented

Dutch Data Protection Authority approves Code of Conduct for Data Processors in the ICT Sector

A New European Restructuring Landscape

Vage normen bij toezicht leiden tot opzeggen van bankrekeningen

Regulation of Artificial Intelligence in the EU: A Status Update

LIBOR Transition Newsletter – Issue 6

To Safeguard Dutch National Security, Investment Review Bill Gets Retroactive Effect

Amsterdam’s Data Center may Resume Soon

EU Opens Consultation on Rules for Transboundary Plastic Waste Shipments

Dutch Ultimate Beneficial Owner (UBO) Register Implementation

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