The much-discussed UBO register which is aimed at prevention of money laundering and terrorist financing and as such derives from obligations set out in the 4th Anti-Money Laundering Directive (EU/2015/849) (as amended by the 5th Anti-Money Laundering Directive (EU/2018/843)) was approved by the Dutch Senate at the end of last month to be implemented in […]

On 29 May 2020, the Dutch government announced its plans to introduce an additional dividend withholding tax for dividend payments to low-tax jurisdictions (no corporate income tax or a rate below 9%) and non-cooperative jurisdictions on the EU blacklist (published annually). The detailed outline of this proposal is expected before the end of March 2021. […]

Similarly to other jurisdictions, Dutch shareholders agreements typically include exit mechanism provisions, including the so-called ‘drag-along’ and ‘along-along’ rights. In a nutshell, a drag-along right enables a majority shareholder to force a minority shareholder to join in the sale of a company. The majority owner doing the ‘dragging’ must give the minority shareholder the same price, terms, and conditions […]