Corporate Law in the Netherlands

Name: Corporate Law in the Netherlands
Brand: Kluwer Law International
Price: 134.99 EUR
Availability: OnlineOnly

Maarten H. Muller(Herausgeber*in)

Kluwer Law International (Verlag)

3. Auflage

Erschienen am 22. Februar 2013

256 Seiten

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978-90-411-5497-2 (ISBN)

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Inhalt

Cover
Half Title Page
Title Page
Copyright Page
Foreword
Selected Websites
Table of Contents
Preface
Chapter 1 Introduction
1.1 General
1.2 Corporate Governance
1.3 EU Harmonisation of Company Law
1.3.1 The First Directive
1.3.2 The Second Directive
1.3.3 The Third Directive
1.3.4 The Fourth Directive
1.3.5 The Proposal for a Fifth Directive
1.3.6 The Sixth Directive
1.3.7 The Seventh Directive
1.3.8 The Eighth Directive
1.3.9 The Draft Proposal for a Ninth Directive
1.3.10 The Tenth Directive
1.3.11 The Eleventh Directive
1.3.12 The Twelfth Directive
1.3.13 The Thirteenth Directive
1.3.14 The Regulation concerning the European Company
1.3.15 The European Co-operative Company
1.3.16 The Regulation on the European Economic Interest Grouping
1.3.17 The Directive for the European Works Council
1.3.18 Other Relevant Directives
Chapter 2 Legal Business Forms
2.1 General
2.1.1 Foreign or Dutch Corporate Law
2.1.2 Representative Office
2.1.3 Legal Entities
2.2 Branch Office of a Foreign Company
2.2.1 General
2.2.2 Power to Represent the Branch Office
2.2.3 Name
2.2.4 Equal Treatment of Foreign and Dutch Enterprises
2.2.5 Mandatory Rules
2.3 Choice between Branch and Subsidiary
2.4 General Partnership and Limited Partnership
2.4.1 Introduction
2.4.2 General Partnership
2.4.2.1 General
2.4.2.2 Commercial Register
2.4.2.3 Partnership Agreement
2.4.2.4 Liability of the Partners
2.4.2.5 Annual Accounts
2.4.2.6 Distribution of Profits and Losses
2.4.2.7 Capacity to Sue
2.4.2.8 Position of Creditors
2.4.2.9 Partnership Interests
2.4.3 Limited Partnership
2.4.3.1 General
2.4.3.2 The Managing Partners
2.4.3.3 Management by Limited Partners
2.4.3.4 No Shares
2.4.3.5 Annual Accounts
2.5 Other Legal Forms of Conducting Business
2.5.1 The Association and its Qualified Forms
2.5.1.1 General
2.5.1.2 The Co-operative
2.5.1.3 The Mutual Insurance Association
2.5.1.4 Limitation of Liability
2.5.1.5 Commercial Register
2.5.1.6 Executive Powers
2.5.1.7 Annual Accounts
2.5.2 The Foundation
2.5.3 The European Economic Interest Grouping (EEIG)
2.5.4 The European Company (SE)
2.5.5 The European Co-operative Company (SCE)
Chapter 3 Types and Formation of Companies
3.1 Introduction
3.1.1 General
3.1.2 The Concept of the Group
3.1.3 Investment Company with Variable Capital
3.1.4 Corporate Formalities
3.1.5 No By-laws
3.2 Public and Private Companies
3.2.1 Differences between an NV and a BV
3.2.2 Modification of Corporate Form
3.3 Formation
3.3.1 General
3.3.2 Incorporation
3.3.2.1 The Deed of Incorporation
3.3.2.2 Procedure
3.3.2.3 The Founders
3.3.2.4 Personal Liability of Managing Directors
3.3.2.5 Defective Incorporation
3.3.3 Articles of Association
3.3.3.1 General Introduction
3.3.3.2 The Name
3.3.3.3 The Seat
3.3.3.4 The Corporate Purposes or Objectives
3.3.3.5 Infinite Term
3.3.4 Costs of Formation
3.4 Pre-Incorporation Transactions
3.4.1 General
3.4.2 The Company to be Formed
3.4.3 Potentially Onerous Agreements
3.4.4 Liability of the Founders
3.4.5 Organisational Expenses
3.5 Ultra Vires
Chapter 4 Corporate Finance and Funding
4.1 Equity and Debt
4.1.1 General
4.1.2 Equity
4.2 Rules regarding Preservation of Equity
4.3 Preservation of Equity
4.3.1 Objective
4.3.2 Nominal Value
4.3.3 Minimum Capital
4.3.4 Shareholders and Creditors
4.3.5 Contributions to Capital
4.3.6 Treasury Shares
4.3.7 Financial Assistance Rules
4.4 New Issuance of Shares
4.4.1 General
4.4.2 NV
4.4.3 BV
4.5 Stock Options
4.6 Reduction of Issued Capital
4.6.1 General
4.6.2 Redemption
4.6.3 Reduction of Nominal Value
4.7 Debt Financing of the Group
4.8 Distributions
4.8.1 Dividends
4.8.1.1 Profit Allocation
Dividend Allocation
4.8.1.2 Legality
4.8.1.2.1 NV
4.8.1.2.2 BV
4.8.1.3 Stock Dividends
Bonus Dividends
4.8.2 Redemption
4.8.3 Repayment on Shares by Decrease of the Nominal Value
4.8.4 Non-profit-sharing shares
Chapter 5 Shares
5.1 NV and BV Shares
Share Certificates and Registration
5.1.1 Registered Shares and Bearer Shares
5.1.2. Share Certificates
5.1.3 Shareholders' Register
5.1.4 Disclosure
Single Shareholder
5.1.5 Non-Voting Shares
5.2 Types of Shares and Other Securities
5.2.1 Ordinary and Common Shares
5.2.2 Preference Shares
5.2.3 Priority shares
5.2.4 Classes of Shares and (Numeric) Specifications of Shares
5.2.5 Non-Voting Shares
5.2.6 Non-Profit Shares
5.2.7 Rights to Other Persons than Shareholders
5.2.8 Convertible Debt Securities
5.2.9 Other Securities
5.3 Transfer of Shares
5.3.1 NV Shares
5.3.2 BV Shares
5.3.3 Book-Entry Share Transfers
5.3.4 Share Transfer Restrictions
5.3.4.1 NV Shares
5.3.4.1.1 Approval Procedure
5.3.4.1.2 Right of First Refusal
5.3.4.1.3 Change of Control
5.3.4.2 BV Shares
5.3.5 Compulsory Transfers
5.3.5.1 Loss of Qualification or Non-fulfilment Obligations.
5.3.5.2 Squeeze-out Proceedings
5.3.5.3 Forced Exit Proceedings
5.4 Security Interests and Other Encumbrances
5.4.1 Pledge
5.4.2 Foreclosure
5.4.3 Life Interest
5.5 Depository Receipts for Shares
5.5.1 General
5.5.2 Types of Depository Receipts
5.5.3 Independent Trust Office
5.5.4 Rights of Receipt Holders
5.5.5 Voting Proxy
5.5.6 Meetings of Receipt Holders
5.5.7 Transfer of Depository Receipts
5.5.8 Statutory Pledge
Chapter 6 Corporate Bodies and their Resolutions
6.1 Corporate Bodies
6.2 Resolutions of Corporate Bodies
6.2.1 Resolutions with Internal Effect
6.2.2 Semi Internal Resolutions
6.2.3 Resolutions with External Effect
6.3 Void and Voidable Resolutions of Corporate Bodies
6.3.1 Void Resolutions
6.3.2 Voidable Resolutions
6.3.3 Protection of a Third Party Acting in Good Faith
Chapter 7 Shareholders
7.1 Basic Powers
7.1.1 Appointment of Managing Directors and Supervisory Directors
7.1.2 Annual Accounts
Annual Report
Dividends
7.1.3 Approval of Major Corporate Changes
7.1.4 Good Faith Requirements
7.2 Shareholders' Resolutions
7.2.1 Shareholders' Meeting
7.2.2 Resolutions without a Meeting
7.3 Voting
7.4 Shareholders' Agreements
7.5 Inspection of Books and Records
7.6 Right to Information
7.7 Rights of Holders of Depository Receipts
Chapter 8 Distribution of Powers
Management of Business Affairs
8.1 Governance
8.1.1 General
8.1.2 'Large' Companies
8.1.2.1 Extended Powers of the Supervisory Board and the Group of Non-Executive Directors
8.1.2.2 Definition of 'Large'
8.1.2.3 Notification to Commercial Register
8.1.2.4 Exemptions
8.1.2.4.1 Fully Exempt 'Large' Companies
8.1.2.4.2 Partially Exempt 'Large' Companies
8.2 The Management Board and its Agents
8.2.1 Powers of the Management Board
8.2.1.1 Regular NVs and BVs
8.2.1.2 'Large' Companies
8.2.2 Structure of the Management Board
8.2.3 Appointment, Compensation, Suspension and Removal
8.2.3.1 Appointment in Regular NVs and BVs
8.2.3.2 Appointment in 'Large' Companies
8.2.3.3 Limitation on 'Significant' Board Positions in BVs, NVs and Foundations
8.2.3.4 Compensation
Employment Contracts
8.2.3.5 Suspension
8.2.3.6 Removal
Termination of Employment Contract
8.2.4 Resolutions by the Management Board and Managing Directors
8.2.4.1 Resolutions passed in Meetings
8.2.4.2 Resolutions without a Meeting
8.2.5 Binding the Company
8.2.5.1 General
8.2.5.2 Statutory Exemptions on the Authority to Represent the Company
8.2.5.3 Managers and Agents
8.2.5.4 Proof of Authority
8.2.5.5 Conflicts of Interest
8.3 The Supervisory Board
8.3.1 Powers of the Supervisory Board
8.3.1.1 Regular NVs and BVs
8.3.1.2 'Large' Companies
8.3.2 Structure of the Supervisory Board
8.3.3 Appointment, Compensation, Suspension and Removal
8.3.3.1 Appointment in Regular NVs and BVs
8.3.3.2 Appointment in 'Large' Companies
8.3.3.3 Limitation of 'Significant' Supervisory Positions
8.3.3.4 Compensation
8.3.3.5 Suspension and Removal
8.3.4 Resolutions by the Supervisory Board
8.4 The One-Tier Board
8.5 Gender Diversity on Boards
Chapter 9 Duties and Liabilities of Board Members
9.1 Introduction
9.1.1 Fiduciary Duties
9.1.2 Internal and External Liability
9.1.3 Uniformity of Liability Standards
9.2 Liability of Managing Directors
9.2.1 Liability towards the Company
9.2.1.1 Grounds for Liability
9.2.1.2 Liability of an Employee
9.2.2 Liability for a Deficit in an Estate
9.2.2.1 Grounds for Liability
9.2.2.2 Immaterial Omission
9.2.2.3 Actual Managing Director or Policy-Maker
9.2.3 Liability towards Third Parties on the Basis of Tort
9.2.3.1 General
9.2.3.2 Liability towards Shareholders
9.2.3.3 Liability towards Creditors
9.2.3.4 Liability towards other Third Parties
9.2.4 Other Forms of Liability
9.2.4.1 Liability for Tax Debts, Social Insurance Contributions and Contributions to Company Pension Funds
9.2.4.2 Liability for Misleading Annual Accounts, Annual Report and Interim Figures
9.2.4.3 Liability for Defective Incorporation of the Company
9.2.4.4 Liability for Pre-Incorporation Transactions
9.2.4.5 Liability after Incorporation of the Company
9.2.4.6 Capitalisation
9.3 Liability of Supervisory Directors
9.3.1 General
9.3.2 Liability towards the Company
9.3.3 Liability for a Deficit in an Estate
9.3.3.1 Grounds for Liability
9.3.3.2 Actual Managing Director or Policy Maker
9.3.4 Liability towards Third Parties on the Basis of Tort
9.3.5 Other Forms of Liability
9.3.5.1 Liability for Tax Debts, Social Insurance Contributions and Contributions to Company Pension Funds
9.3.5.2 Liability for Misleading Annual Accounts, Annual Report and Interim Figures
9.4 Liability of Members of a One-Tier Board
9.5 Liability of Others
9.5.1 The Incorporator
9.5.2 Director-Company
9.5.3 Foreign Company
9.6 Enquiry Proceedings and Liability
9.7 Protection against Liability
9.7.1 General
9.7.2 Discharge
9.7.3 Exoneration
9.7.4 Indemnity
9.7.5 Insurance
Chapter 10 Corporate Litigation
10.1 Jurisdiction
10.2 Enquiry Proceedings
10.2.1 General
10.2.2 First Stage: Request for Enquiry
10.2.3 Second Stage: Enquiry
10.2.4 Third Stage: Decision
10.2.5 Provisional Measures
10.3 Forced Exit Proceedings
10.4 Squeeze-Out Proceedings
10.4.1 General Squeeze-Out Proceedings
10.4.2 Squeeze-Out and Sell-Out Proceedings after a Public Bid
10.5 Other Proceedings before the Enterprise Court
10.5.1 Proceedings to challenge Annual Accounts
10.5.2 Proceedings regarding Works Council Act
10.5.3 Proceedings regarding Composition Supervisory Board of 'Large' Companies
Chapter 11 Corporate Changes
11.1 General
11.2 Amendment of the Articles of Association of NVs/BVs
11.3 Statutory Merger
11.3.1 Introduction
11.3.1.1 Types of Statutory Merger
11.3.1.2 No 'Merger Force-Outs'
11.3.1.3 Trade Unions and Works Council
11.3.2 Legal Effect
11.3.3 Consideration
11.3.3.1 Shares
11.3.3.2 Treasury Shares
11.3.4 Procedure
11.3.4.1 Merger Plan
11.3.4.2 Supporting Documents
11.3.4.3 Decision-making
11.3.4.4 Timing
11.3.5 Short-Form Merger
11.4 Statutory Divisions
11.4.1 Introduction
11.4.1.1 General
11.4.1.2 Types of Statutory Division
11.4.2 Legal Effects
11.4.3 Consideration
11.4.4 Procedure
11.4.4.1 Division Plan
11.4.4.2 Supporting Documents
11.4.4.3 Decision-making
11.4.4.4 Timing
11.4.5 Short-Form Demerger
11.4.6 Third Party Protection
11.5 Adoption of a Different Legal Form
11.6 Sale of Assets
Dissolution
Winding Up
11.6.1 Sale of Assets
11.6.2 Dissolution
11.6.2.1 Voluntary Dissolution
11.6.2.2 Involuntary Dissolution
11.6.3 Winding Up
11.7 Transfer of Seat
11.7.1 Extraordinary Events
11.7.2 Transfer of Seat in Other Situations
Chapter 12 Commercial Register
12.1 The Commercial Register
12.1.1 General
12.1.2 Where to File
12.1.3 Registration Number on Letterhead
12.1.4 Duty to Register
12.2 Information to be Disclosed
12.3 Legal Effect
12.4 Filing Fees
Chapter 13 Works Councils
13.1 General
13.2 Works Councils
13.2.1 Scope
13.2.1.1 General
13.2.1.2 Applicability for Foreign Companies
13.2.2 Joint, Group and Central Works Councils
13.2.3 Organisation
13.2.3.1 Composition, Committees and Experts
13.2.3.2 Election
13.2.3.3 Job Protection
13.2.3.4 Secrecy
13.2.4 Powers of the Works Council
13.2.4.1 Information
13.2.4.2 Consultation Process
13.2.4.3 Matters Requiring Prior Consultation
13.2.4.4 Matters Requiring Prior Consent
13.2.5 Appeal and Risks of Non-Compliance
13.2.5.1 Appeal Regarding Consultation Matters
13.2.5.2 Non-Compliance with Consent Requirement
13.2.6 Agreements with the Works Council
13.2.7 Employee Participation in Small Enterprises
13.2.7.1 Enterprises with Fewer than 50 but at least 10 Employees
13.2.7.2 Enterprises with Fewer than 10 Employees
13.3 European Works Councils
13.3.1 General
13.3.2 Scope
13.3.2.1 General
13.3.2.2 Grandfathering Clause
13.3.3 Special Negotiating Body
13.3.4 Statutory European Works Councils
13.3.4.1 General
13.3.4.2 Powers
13.3.4.2.1 General Limitation
13.3.4.2.2 Annual Consultation Meetings
13.3.4.2.3 Special Consultation Meetings
13.3.4.2.4 Withholding Information on the Grounds of Secrecy
13.3.5 Minimum Requirements for Agreed Arrangements
13.3.6 Job Protection and Secrecy
13.3.7 Interaction with the WOR
13.3.8 Enforcement of Compliance with the WEOR
List of Abbreviations
List of References
Offices of Allen & Overy
Back Cover

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