Anti-money laundering and counter-terrorist financing measures in The Netherlands and in Ukraine

Introduction In our rapidly digitalizing society, the risks with regard to money laundering and terrorist financing become increasingly bigger. For organizations it is important to be aware of these risks. Organizations have to be very accurate with compliance. In the Netherlands, this especially applies to institutions which are subject to obligations which derive from the Dutch Law on prevention of […]

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Liability of Directors

Introduction Starting a company of your own is an attractive activity for a lot of people and comes with several advantages. However, what (future) entrepreneurs seem to underestimate, is the fact that founding a company also comes with disadvantages and risks. When a company is founded in the form of a legal entity, the risk of liability of directors is […]

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The Dutch Highly Skilled Migrants Scheme 2018

The Dutch labour market is becoming more and more international. The number of international employees within Dutch organisations and businesses grows. For people from outside the European Union it is possible to come to the Netherlands as a highly skilled migrant. But what is a highly skilled migrant? A highly skilled migrant is a highly educated foreigner with the nationality […]

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Dutch Immigration Law: Residence Permits and Naturalisation

Introduction Foreigners come to the Netherlands with a specific purpose. They wish to live with their family, or for example come here to work or study. The reason of their stay is called the purpose of stay. A residence permit can be granted by the Immigration and Naturalisation Service (hereafter referred to as the IND) for either a temporary or […]

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Cryptocurrency: be aware of the compliance risks

Introduction In our rapidly evolving society, cryptocurrency becomes increasingly popular. Currently, there are many types of cryptocurrency, such as Bitcoin, Ethereum, and Litecoin. Cryptocurrencies are exclusively digital, and the currencies and technology are kept safe by using the blockchain technology. This technology keeps a secure record of each transaction all in one place. No one controls the blockchain since these […]

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Posting negative and false Google reviews costs

Posting negative and false Google reviews costs a dissatisfied customer dearly. The customer posted negative reviews concerning the nursery and its Board of Directors under different aliases and anonymously. The Amsterdam Court of Appeal stated that the customer did not contradict that she has not acted in conformity with the rules of unwritten law that are considered acceptable in social […]

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Are you planning on selling your company?

Then it is wise to request proper advice about the duties in relation to the works council of your company. By doing so, you can avoid a potential hindrance to the selling process. In a recent ruling of the Amsterdam Court of Appeal, the Enterprise Division ruled that the selling legal entity and its shareholders violated their duty of care […]

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Amending the Dutch constitution: privacy sensitive telecommunication better protected in the future

On July 12, 2017, the Dutch Senate unanimously accorded the proposal of Minister of the Interior and Kingdom Relations Plasterk to, in the near future, better protect the privacy of email and other privacy sensitive telecommunication. Article 13 paragraph 2 of the Dutch Constitution states that secrecy of telephone calls and telegraph communication is inviolable. However, given the recent overwhelming […]

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Rotterdam harbor and TNT victim of world hacker attack.

On June 27, 2017, international companies had IT malfunctioning due to a ransomware attack. In the Netherlands, APM (the largest Rotterdam container transfer company), TNT and pharmaceuticals manufacturer MSD reported failure of their IT system due to the virus called “Petya”. The computer virus began in Ukraine where it affected banks, companies and Ukraine’s electricity network and then spread all […]

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Google fined a record of 2,42 EU billion by the EU. This is only the beginning, two more penalties might be imposed. 

According to the decision of the European Commission, Google must pay a penalty of EUR 2,42 billion for breaking antitrust law. The European Commission states that Google advantaged its own Google Shopping products in the results of the Google search engine to the detriment of other providers of goods. Links to Google Shopping products were and are at the top […]

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European Commission…

European Commission wants intermediaries to inform them about constructions for tax avoidance they create for their clients. Countries often lose tax revenue due to mostly transnational fiscal constructions that tax advisors, accountants, banks and lawyers (intermediaries) create for their clients. To increase transparency and enable cashing of those taxes by the tax authorities, the European Commission proposes that as of […]

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Everyone needs to keep the Netherlands digitally safe says Cybersecuritybeeld Nederland 2017

Everyone needs to keep the Netherlands digitally safe says Cybersecuritybeeld Nederland 2017. It is very hard to imagine our life without Internet. It makes our life easy, but on the other hand, carries a lot of risks. The technologies are developing rapidly and the cybercrime-rate is rising. Dijkhoff (Deputy State Secretary of the Nederlands) notes in Cybersecuritybeeld Nederland 2017 that […]

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The Netherlands is an innovation leader in Europe.

According to the European Innovation Scoreboard of the European Commission, the Netherlands receives 27 indicators for innovation potential. The Netherlands is now in 4th place (2016 – 5th place), and is named as Innovation Leader in 2017, together with Denmark, Finland and the United Kingdom. According to the Dutch Minister of Economic Affairs, we came to this result because states, […]

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