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ARTICLE · 19 SEPTEMBER 2012

New Management And Supervision Law To Take Effect

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

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The Bill on management and supervision was adopted by the Dutch Parliament in May 2011.

NetherlandsCorporate/Commercial Law

The Bill on management and supervision was adopted by the Dutch Parliament in May 2011. But the effective date of the Bill was postponed because a number of provisions needed to be clarified in a further remedial bill. This remedial bill will now be adopted by the First Chamber without further debate on 25 September 2012. Although no announcement has as yet been made, it is very likely that the new provisions will take effect on 1 January 2013.

The new legislation will lead to changes in company law. These changes relate to managing and supervisory directors of legal entities. The majority of provisions will apply to both NVs and BVs. The most sweeping changes also apply to foundations. A few provisions only relate to listed companies.

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