Mergers and acquisitions in the Netherlands: legal and tax aspects
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Deventer u.a.
Kluwer Law and Taxation Publ.
1992
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XV, 184 S. |
| ISBN: | 9065446087 |
Staff View
MARC
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| 245 | 1 | 0 | |a Mergers and acquisitions in the Netherlands |b legal and tax aspects |c by Peter N. Wakkie and H. Tom van der Meer |
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| 650 | 4 | |a Consolidation and merger of corporations |x Taxation |x Law and legislation |z Netherlands | |
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Record in the Search Index
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| adam_text | Table of Contents
Explanation of Abbreviations and Certain Terms XIII
I. Introduction 1
1.1. NV/BV 1
1.2. Large versus Normal Corporation 3
1.3. Shares and Depository Receipts 6
1.4. Netherlands versus Foreign 8
1.5. Banking/Insurance 9
I II. Acquisition of Shares 10
2.1. General 10
2.2. Right of First Refusal in Case of Transfer of Shares in BV 11
2.3. Issue of Shares to Circumvent Right of First Refusal 13
2.4. Warranties and Representations 14
2.5. Calculation of Damages 14
2.6. Non competition Clause 17
III. Acquisition of Assets (and Liabilities) 18
3.1. General 18
3.2. Assumption of Liabilities 19
3.3. Warranties and Representations 20
3.4. Corporate Authority 20
IV. Juridical Merger 22
4.1. General 22
4.2. Implementation 24
4.3. Expulsion of Minority Shareholders 26
V. Merger Code 28
5.1. General 28
5.2. Sanctions 29
VII
TABLE OF CONTENTS
5.3. Chapter I 30
5.4. Types of Public Offer 30
5.5. Public Announcements 31
5.6. Unilateral Takeover Attempt 33
5.7. Draft Thirteenth EC Directive 33
5.8. Firm Offer 34
5.9. Structure of Partial Offer and Tender Offer 35
5.10. Tender Offer 36
5.11. Thirty per cent Limit 37
5.12. Miscellaneous Provisions 37
5.13. Honouring the Bid 39
5.14. Chapter II 41
5.15. Eligible Trade Unions 42
5.16. Consultation Procedure 43
5.17. Hostile Attempt 45
5.18. Foreign Related Mergers 46
VI. Works Council Act 48
6.1. General 48
6.2. Advice from Works Council 48
6.3. Negative Advice 49
6.4. Stock Purchase versus other Merger Forms 50
6.5. Central Works Council 51
6.6. Works Council of the Acquiror 52
VII. Unfriendly Acquisition 53
7.1. General 53
7.2. Act on Reporting of Shareholdings 55
7.3. Interests of the Corporation 56
7.4. Position Netherlands Government 58
7.5. Unfriendly Bid 60
VIII. Protective Devices 63
8.1. General 63
8.2. Structure Regime 63
8.3. Priority Shares 65
8.4. Preference Shares 66
8.5. Depository Receipts 70
8.6. Miscellaneous Instruments 71
8.7. Devices without Shareholders Involvement 73
8.8. Amendment of Appendix X as from 1 April 1992 75
VIII
TABLE OF CONTENTS
8.9. EC Legislation affecting Protective Devices 75
8.10. Draft Fifth EC Directive 76
8.11. Draft Thirteenth EC Directive 77
EX. Leveraged Buyout 80
9.1. General 80
9.2. Providing Security 80
9.3. Practical Implementation 82
9.4. Alternatives 83
a. Pledge of Shares 83
b. Assets (and Liabilities) Transaction 83
c. Partial Transfer Combined with an Option 84
d. The Conversion of Statutory Reserves in Free Distributable
Reserves 84
e. Repayment of Share Capital 85
f. Bank Facilities Purchaser, followed by Repayment with
Money borrowed from Target 85
g. Loan from Parent Company, followed by Repayment with
Loan from BV or with Bank Credit against Security 85
h. Cross Construction 86
9.5. Sanctions 86
X. EC Competition Law 87
10.1. EC Competition Rules 87
10.2. Acquisition of Control 89
10.3. Different Stages of Control 91
10.4. Merger Control Regulation 93
10.5. Minority Shareholdings 94
XI. Securities Laws and Regulations 96
11.1. General 96
11.2. Listed Securities 96
11.3. Unlisted Securities 97
1 1.4. Act on the Supervision of Securities Trading 99
11.5. Main Provisions of the Act 100
11.6. International Aspects 103
11.7. Appeal 103
11.8. Sanctions 103
1 1.9. Act on the Supervision of Investment Institutions 104
11.10. Main Provisions of the Act 105
11.11. Appeal 108
IX
TABLE OF CONTENTS
11.12. Sanctions 108
11.13. Ucits 109
XII. Tax Aspects General Netherlands Tax Principles 111
12.1. Introduction 111
12.2. Corporate Income Tax 112
12.3. Permanent Establishment 113
12.4. Fiscal Unity 114
12.5. Tax Deferrals 116
12.6. Foreign Tax Credits 117
12.7. Exempt Foreign Branch Income 118
12.8. Participation Exemption 120
12.9. Income Tax General 125
12.10. Dividend Tax 128
12.11. Legal Transfer Tax Act 131
12.12. Real Property Transfer Tax 131
12.13. Capital Tax 133
12.14. Turnover Tax System 134
XIII. Acquisition of a Netherlands Business 138
13.1. Assets Transaction 138
13.2. Tax Position Purchaser 138
13.3. Tax Position Seller 140
13.4. Enterprise Merger 142
13.5. No Consent Merger 143
13.6. Consent Merger 144
XIV. Acquisition of Shares 147
14.1. Share Transaction 147
14.2. Tax Position Purchaser 147
14.3. Tax Position Corporate Seller 148
14.4. Tax Position Individual Seller 150
XV. Other Tax Aspects of Acquisitions 153
15.1. Real Property Transfer Tax 153
15.2. Capital Tax 153
15.3. Turnover Tax 154
XVI. Juridical Merger 156
16.1. Introduction 156
16.2. Types of Juridical Mergers 157
X
TABLE OF CONTENTS
XVII. Tax Consequences of Juridical Mergers 159
17.1. Disappearing Company 159
17.2. Surviving Company 159
17.3. Corporate Shareholders 160
17.4. Individual Shareholders Disappearing Company 161
17.5. Shareholder Surviving Company 163
17.6. Dividend Tax 164
17.7. Reversed Merger 165
17.8. Effect on Loss Carry over 166
17.9. Fiscal Unity 166
17.10. Retroactive Effect 167
17.11. Real Property Transfer Tax 168
17.12. Capital Tax 168
17.13. Turnover Tax 170
XVIII. Approved Juridical Merger 172
18.1. General 172
18.2. Standard Conditions 173
XIX. Financing Techniques 176
i 19.1. Deduction of Interest against Operating Income 176
i 19.2. Financial Assistance 177
XX. Some Specific Tax Issues to be Addressed in Tax Indemni¬
ties 179
XI
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| author | Wakkie, Peter N. Meer, H. T. van der |
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| dewey-search | 344.92066626 346.492/06626 |
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| discipline | Rechtswissenschaft Wirtschaftswissenschaften |
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| geographic_facet | Niederlande |
| id | DE-604.BV006607511 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T16:49:09Z |
| institution | BVB |
| isbn | 9065446087 |
| language | English |
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| physical | XV, 184 S. |
| publishDate | 1992 |
| publishDateSearch | 1992 |
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| publisher | Kluwer Law and Taxation Publ. |
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| spelling | Wakkie, Peter N. Verfasser aut Mergers and acquisitions in the Netherlands legal and tax aspects by Peter N. Wakkie and H. Tom van der Meer Deventer u.a. Kluwer Law and Taxation Publ. 1992 XV, 184 S. txt rdacontent n rdamedia nc rdacarrier Bedrijfsovernames gtt Fusies gtt Recht Steuer Consolidation and merger of corporations Taxation Law and legislation Netherlands Consolidation and merger of corporations Netherlands Unternehmenskauf (DE-588)4078600-6 gnd rswk-swf Niederlande Niederlande (DE-588)4042203-3 gnd rswk-swf Niederlande (DE-588)4042203-3 g Unternehmenskauf (DE-588)4078600-6 s DE-604 Meer, H. T. van der Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004221025&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Wakkie, Peter N. Meer, H. T. van der Mergers and acquisitions in the Netherlands legal and tax aspects Bedrijfsovernames gtt Fusies gtt Recht Steuer Consolidation and merger of corporations Taxation Law and legislation Netherlands Consolidation and merger of corporations Netherlands Unternehmenskauf (DE-588)4078600-6 gnd |
| subject_GND | (DE-588)4078600-6 (DE-588)4042203-3 |
| title | Mergers and acquisitions in the Netherlands legal and tax aspects |
| title_auth | Mergers and acquisitions in the Netherlands legal and tax aspects |
| title_exact_search | Mergers and acquisitions in the Netherlands legal and tax aspects |
| title_full | Mergers and acquisitions in the Netherlands legal and tax aspects by Peter N. Wakkie and H. Tom van der Meer |
| title_fullStr | Mergers and acquisitions in the Netherlands legal and tax aspects by Peter N. Wakkie and H. Tom van der Meer |
| title_full_unstemmed | Mergers and acquisitions in the Netherlands legal and tax aspects by Peter N. Wakkie and H. Tom van der Meer |
| title_short | Mergers and acquisitions in the Netherlands |
| title_sort | mergers and acquisitions in the netherlands legal and tax aspects |
| title_sub | legal and tax aspects |
| topic | Bedrijfsovernames gtt Fusies gtt Recht Steuer Consolidation and merger of corporations Taxation Law and legislation Netherlands Consolidation and merger of corporations Netherlands Unternehmenskauf (DE-588)4078600-6 gnd |
| topic_facet | Bedrijfsovernames Fusies Recht Steuer Consolidation and merger of corporations Taxation Law and legislation Netherlands Consolidation and merger of corporations Netherlands Unternehmenskauf Niederlande |
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