31 Aug Newsletter Vestius August 2023
met o.a. reparatiewet Wwz, verkorting looptijd 30%-regeling en het belang van een goede aandeelhoudersovereenkomst....
31 Aug The future plans for the non-compete clause
Posted at 10:32h
in Uncategorized
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]In a parliamentary letter on 2 June 2023, the government announced its intention to change the rules around the non-compete clause. The proposed plans are addressed in this article. What is a non-compete clause? Many employers agree on a non-compete...
31 Aug Ancillary activities alongside public duties are easy to prohibit
Posted at 10:31h
in Uncategorized
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Since 1 August 2022, an employer may no longer simply prohibit an employee from performing work for another party. Article 7:653a of the Dutch Civil Code provides that an employer may do so only if it has an...
31 Aug The (earlier) commencement of the probationary period
Posted at 10:31h
in Uncategorized
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]At the start of the employment contract, the parties may agree on a probationary period of one month (in the case of a fixed-term employment contract lasting longer than six months but shorter than two years) or two...
31 Aug The transition payment: which components should be included in the calculation?
Posted at 10:30h
in Uncategorized
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Eight years have passed since the introduction of the statutory transition payment. Roughly speaking, this consists of one-third of a month’s salary per year of service. But which amounts on the payslip should or should not be included...
31 Aug Will smart contracts replace traditional agreements?
Posted at 10:30h
in Uncategorized
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]To answer this question, it is first good to know what smart contracts are exactly. Smart contracts are applications that use blockchain technology. Blockchain is little more than a digital register in which transactions are kept. This registry...
01 Jun Newsletter Vestius June 2023
met o.a. reparatiewet Wwz, verkorting looptijd 30%-regeling en het belang van een goede aandeelhoudersovereenkomst....
01 Jun Sustainability is key in new Dutch Corporate Governance Code
Posted at 10:27h
in Uncategorized
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]In our November 2022 newsletter, we already looked ahead briefly to the proposed update of the Dutch Corporate Governance Code (the “Code”). The Code, which sets out the rules of conduct for good corporate governance, was recently amended...
01 Jun Mandatory Confidential Counsellor Bill
Posted at 10:23h
in Uncategorized
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]We wrote about the Mandatory Confidential Counsellor Bill in our December 2022 newsletter already. This bill seeks to amend the Arbowet (Working Conditions Act) with a view to giving every employee who is confronted with undesirable behaviour at...
01 Jun Director’s advisory vote; even a ritual dance must be performed carefully
Posted at 10:22h
in Uncategorized
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Until the introduction of the Wet werk en zekerheid (Work and Security Act), a director was regularly presented with the ‘great winds blow on high hills’ argument in court: a director shouldn’t whine, but should simply accept the...