[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...

[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...

[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...

[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]The European Court of Justice (ECJ) recently issued an interesting ruling in the field of the General Data Protection Regulation (GDPR) in an Austrian case. The question at issue was whether a mere breach of the GDPR always...

[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]Many employers have a bonus scheme in place under which an employee is awarded an annual bonus depending on the results achieved by the employee, but with a discretionary power for the employer to award or moderate the...

[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]Professional football can always count on media attention, even off the pitch. The employment law peripherals are beginning to resemble a parallel league. If players’ and coaches’ contracts are broken open mid-term, everyone can learn the amount of...

[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]A ‘partnership’ is an alliance between individuals who jointly practice a profession or conduct a business, such as a maatschap (professional partnership) and a VOF (general partnership). Unlike limited liability companies (such as BVs), which are incorporated and...

[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_empty_space][vc_column_text] Indexation clauses: what and how What are indexation clauses? Indexation clauses provide that the price in a contract is automatically adjusted based on an objective criterion, often the CPI inflation rate. The indexation clause is type of price adjustment...

[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]The legislature adopted an Emergency Act shortly after the outbreak of the corona crisis. Since then, the legislature has each time extended that Emergency Act, but most of these measures for BVs (private limited liability companies) lapsed on...