Termination banking relationship
The Court of Rotterdam recently issued a judgement (Court of Rotterdam 1 November 2023, ECLI:NL:RBROT:2023:10109) regarding the termination of a banking relationship by the bank (i.e. ABN AMRO Bank N.V. (ABN)) with its client (i.e. Rowood), where it was ruled that the termination has been conducted without taking into account proper care and is unacceptable according to the standards of reasonableness and fairness.
Tentative agreement on the European Single Access Point (ESAP)
The gateway to corporate information and investment products, opening soon? Tentative agreement on the European Single Access Point (ESAP)
The European Commission has published a proposal for the creation of a European Single Access Point (ESAP) providing centralised access to publicly available information relevant to financial services, capital markets and sustainability. The ESAP aims to create a single European database where investors can obtain both non-financial and financial information on European companies and investment products. According to the proposal, ESAP should be established by 31 December 2024 and offer a minimum set of functionalities, which should be completed by 31 December 2025.
Tax Management Consulting
Navigating tax and statutory compliance within the current intricate economic and regulatory landscape is a formidable undertaking. The rapid pace of globalization, evolving tax legislation, shifts in accounting standards, and heightened expectations from tax authorities are all contributing to the mounting pressures on tax and finance departments. All the while, tax departments are confronted with the daunting task of delivering enhanced reporting and compliance outcomes within increasingly constrained timelines.
Court of Justice of the European Union: Luxembourg member of Board of Directors does not have to pay VAT on profit-dependent directors’ fees
The judgment partly removes existing ambiguities and may have consequences for Dutch board members who still charge VAT on their invoices.
Upper House of Dutch Parliament adopts 2024 Tax Plan package and other tax bills
On December 19, 2023 the Upper House of Parliament adopted virtually the entire 2024 Tax Plan package, various other tax bills and a number of tax motions. We have prepared a summary about this.
Employee incentive trends – SAR plan’s: your incentive plan for 2024
Rewarding employees is more than just compensation for performance. It is an incentive to increase motivation and engagement. Remuneration should therefore be seen as a strategic tool to attract and retain talented employees, and to position organizations as top employers in a rapidly changing labor market. Equity-based remuneration is particularly well suited to these objectives.