Netherlands legal alert

Alert, Aug. 28, 2014

MAJOR OVERHAUL DUTCH CORPORATE LAW AS OF OCTOBER 1, 2012

On October 1, 2012 the Act to simplify private limited liability companiesin the Netherlands (BV’s) came into force. The main purpose of the Act is toenhance the use of BV companies through greater freedom in structuring suchcompanies, also referred to as “Flex-BV’s”.

This legal update sets forth the major changes and new opportunities underthe Act. We also address the need for amending current articles of associationof existing BV’s as of the date of the Act.

Finally, we address the upcoming Act on management and supervision, whichwill come into effect in the Netherlands as of January 1, 2013.