Enterprise & Business
Commercial end-user contracts
Commercial contracts may also relate to the sale of products and/or services. In this category you have direct sales and indirect sales agreements.
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SPECIALIZED LAWYERS
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Reduction of amount for which the director is liable
A director is liable under article 2:248 paragraph 1 of the Dutch Civil Code (BW) to make good the deficit in the bankruptcy if the board has manifestly mismanaged its duties and it is plausible that this was a major cause of the bankruptcy. Based on paragraph 4 of this article of law, the court can mitigate the amount for which the director is liable under certain circumstances.
The wage guarantee scheme: continued payment of wages in the event of the employer’s bankruptcy
The Unemployment Insurance Act includes a scheme that entitles employees to payment in the event of payment problems on the part of the employer. The regulation is also called the wage guarantee regulation. It also regulates which benefits an employee can claim in case of bankruptcy of the employer. In this article I will discuss the main provisions of the wage guarantee scheme that apply in the event of bankruptcy and I will go into a recent judgment of the Supreme Court on this subject.
Prejudgment attachment: what is it and how does it work?
You may have seen the term "prejudgment attachment" pass by. In this article we will explain what prejudgment attachment is and how the process of prejudgment attachment works.