Tracking the financial covenants in loan documents is a key priority for borrowers in a bear market.
Breach of a financial covenant ultimately may lead to acceleration of the outstanding
Continue Reading Key Priorities for Borrowers in a Bear Market
On Budget Day, 20 September 2022 (Prinsjesdag), the Dutch Ministry of Finance presented its 2023 tax plan (the Proposal). For the proposed bills discussed in this GT Alert
Continue Reading Dutch Presented Tax Measures for 2023
As of Jan. 1, 2021, all permit applications for new buildings in the Netherlands are being tested against new criteria which aim to ensure that these new buildings are (almost)
Continue Reading Every New Building in the Netherlands Must Be (Almost) Energy Neutral Starting Jan. 1, 2021
On 16 November 2020, the Dutch government published a protocol to amend the “Convention between the Kingdom of the Netherlands and the Republic of Poland for the elimination of double
Continue Reading Polish-Dutch Protocol to Revise Income Tax Convention
One of the few firms which has avoided any across-the-board layoffs and compensation reductions for its lawyers and staff at all levels during the COVID-19 pandemic, but has nonetheless found
Continue Reading Global Giant Greenberg Traurig Continues to Enhance European Stronghold, Brings on Tier 1 Real Estate Team in The Netherlands
In general, a taxable person is entitled to deduct VAT paid on goods or services insofar as those goods and services are used for their VAT taxable transactions. For the
Continue Reading Project Developer Entitled to Deduct VAT from Costs Partly Beneficial to Third Parties
On Budget Day, 15 September 2020, a number of tax measures were published in the Dutch 2021 Tax Plan that could have an impact on real estate investments in the
Continue Reading Dutch 2021 Tax Bill and Real Estate in the Netherlands
On Budget Day, 15 September 2020, the Dutch Ministry of Finance presented its 2021 tax plan. For the proposed bills to have effect, they first must be approved by Parliament.
Continue Reading Dutch 2021 Tax Bill Presented
The European Commission has opened a consultation on the adoption of amendments (currently available in draft form) to the European Union’s law on the transboundary shipment of waste.
Continue Reading EU Opens Consultation on Rules for Transboundary Plastic Waste Shipments
The rapidly changing retail market has not yet created a new reality. The preference for online shopping and the increasing costs of wages and production continue to threaten the margins of retailers and, indirectly, rent prices. As a result, rent for retail space has been dropping for six consecutive years. Due to the increased costs of wages and production, more bankruptcies may follow the ones we have seen already in the Netherlands, and more retailers may decide to stop operating their shops to minimize losses.
In this blog post, we will focus on the obligation to operate retail space and recent verdicts relating to interoperating retail space contracts.
Continue Reading Obligation to Operate: Retail Contracts in the Netherlands