EU top court on international jurisdiction in tort cases: localising pure financial loss, continued

Introduction On 12 September 2018, the Court of Justice of the European Union (CJEU) confirmed that in prospectus liability cases, a court can only assume international jurisdiction on the basis that the alleged damage consists of purely financial loss which occurred directly in an investor’s bank account held with a bank established within its jurisdiction if additional specific circumstances also … Read more

Stibbe Litigators participate in consultation draft bill to modernise the law of evidence

Members of Stibbe’s Commercial Litigation practice group have participated in the public consultation of a draft bill to modernise and simplify the law of evidence in civil procedure. An overview of the draft proposal was provided previously on this blog by Petra Vos and Daan Barbiers. The main goal of the draft bill is to enhance truth seeking in civil … Read more

A proposal to fundamentally change the law on evidence in Dutch civil procedure

Introduction On 31 May 2018 Dutch Minister Dekker published a draft bill for consultation that primarily aims to modernise and simplify the law of evidence within Dutch civil procedure. The draft bill draws heavily on a report dated 10 April 2017 from the expert group on the modernisation of law of evidence. The Dutch Bar Association has since published an … Read more

Can an SPV be misled before it exists?

Transactions are regularly structured through special purpose vehicles (SPVs). An SPV is often established at the end of the negotiations, just before signing the agreement. The other party to the agreement provides information and raises certain expectations during the negotiations. The individuals negotiating for the SPV do not necessarily become officers of the SPV once it is established. Examples of … Read more