financial

How should the court reason on the level of fines. Supreme Court provides framework.

How should the court reason on the level of fines. Supreme Court provides framework. 2560 1708 SarisLaw

In its judgment of 29 May 2020 (ECLI:NL:HR:2020:973), the Supreme Court devoted an interesting consideration to how the tax court should assess the proportionality of administrative penalties. The Supreme Court…

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Trade and Industry Appeals Tribunal circumvents the principle of territoriality: Dutch supervisory authority is authorised to exercise supervisory powers abroad

Trade and Industry Appeals Tribunal circumvents the principle of territoriality: Dutch supervisory authority is authorised to exercise supervisory powers abroad 6000 3578 SarisLaw

On 10 January 2018, the Trade and Industry Appeals Tribunal (CBb) issued an important ruling on the exercise of supervisory powers by a Dutch supervisor at a company established abroad.…

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More exchange of information between the AFM and the ACM: legislative proposal is being prepared

More exchange of information between the AFM and the ACM: legislative proposal is being prepared 1000 667 SarisLaw

On 20 December 2017, the Financial Markets (Amendment) Act 2018 (Bill) was presented to the Lower House of Parliament. This Bill provides, inter alia, that the Dutch Authority for the…

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Combined financial strength: financial situation of parent company may be taken into account when determining the financial standing of the subsidiary that is being fined

Combined financial strength: financial situation of parent company may be taken into account when determining the financial standing of the subsidiary that is being fined 1000 563 SarisLaw

The Administrative Jurisdiction Division ruled in its judgment that the financial situation of a parent undertaking can be taken into account when determining the financial strength of its fined subsidiary…

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