Simplification And Flexibilisation Of Rules Governing Dutch BVs

On 1 March 2012 the Dutch Minister of Security and Justice confirmed that his target date for the entry into force of the legislation simplifying the rules applicable to private limited liability companies is 1 July 2012. The bills are currently before the upper house of the Dutch parliament. This newsletter summarises the most important changes under the proposed new rules.

The Private Company Law (Simplification and Flexibilisation) Bill – the "Flex BV Bill" – has been before the upper house of the Dutch parliament since 15 December 2009. An accompanying bill relating to the implementation of the Flex BV Bill – the "Implementation Bill" – was submitted to the upper house about a year later. The Minister of Security and Justice (the "Minister") expects both bills to enter into force on 1 July 2012, on the same date as the Management and Supervision Act, also known as the One-Tier Board Act ( See our newsletter of 21 December 2011).