ICTS International: remedial measures prevent a finding of mismanagement
Inquiry proceedings: when is mismanagement not a mandatory conclusion? The Supreme Court dismisses the appeal in cassation brought by a minority shareholder of ICTS International.…
Construction costs doubled at beach club: Beklamel standard not breached
Directors' liability in a construction-project cost overrun The Gelderland District Court dismisses a claim of over €1,000,000 against two former directors. Neither the Beklamel standard…
Proceedings before the Enterprise Chamber
Introduction The Enterprise Chamber of the Amsterdam Court of Appeal is the specialised court for corporate disputes. It is the only court in the Netherlands…
Court of appeal orders director to pay €975,000 for seven months of muddling on with a loss-making company
Directors' liability and the bankruptcy actio pauliana in group companies The Hague Court of Appeal orders an indirect director and his holding company to pay…
Court of appeal bars decertification and dissolution of a STAK pending appeal
Decertification and dissolution of a trust office foundation (STAK) The Amsterdam Court of Appeal bars depositary receipt holders from voting, pending the appeal, on the…