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The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.

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Netherlands Corporate Alert: UBO Registrations of Trusts and Funds for Joint Account (Eversheds Sutherland)

By Eversheds Sutherland

As of 1 November 2022 trusts and funds for joint account (fondsen voor gemene rekening) are required to register an Ultimate Beneficial Owner (uiteindelijke belanghebbende) (UBO) with the Dutch UBO Register as managed by the Dutch Chamber of Commerce. The initial registration for existing trusts and funds for joint accounts with the UBO Register had to be completed before 1 April 2023. A trust with a trustee located in the Netherlands must register its UBO. The same applies, for example, in case a fund for joint account is created under Dutch law. Note that the criteria that apply to determine whether a UBO of a trust or fund for joint account qualifies for registration are different from (and wide in cope) those applied to Dutch legal entities.

Articles

European Dictionary of Selected Legal Terms: The words you need, the languages you need them in (Eversheds Sutherland)

By Eversheds Sutherland

The Eversheds Sutherland European Dictionary of Selected Legal Terms has been specifically designed with US and UK corporate counsel in mind. It brings together in a handy pocket format a guide to more than 1000 legal and commercial expressions commonly encountered or used by US and UK corporate counsel in business and in litigation situations in Europe. By covering these terms in English, French, German, Italian and Spanish, it extends to the European markets which directly serve more than 300 million people.

Articles

Legal speaking points: How you can support your UK workforce during a cost of living crisis (Eversheds Sutherland)

By Eversheds Sutherland

The cost of living crisis is a challenge that most people are facing. The double impact of rising inflation and interest rates an be crippling for many. Not only do these challenges impact peoples’ pockets but they can also have a negative impact on work performance, morale and engagement in the workplace. In a recent YuLife survey, conducted in partnership with HR Ninjas, 91% of HR professionals said that they felt a responsibility to help. It is in this context that this article sets out how, as an employer, you can provide support to your workforce.

Articles

GenO – The Rise of Legal Operations and Its Strategic Impact on Companies

By Prashant Dubey, Chief Strategy Officer and Research Chair, Agiloft

Just a few decades ago, a private practice lawyer in a law firm who decided to go “in-house” endured constant questioning about why they were taking a step back in their career. Was it because they were tired of the breakneck pace of a law firm? Were they OK making less money? Essentially, these lawyers were viewed as “stepping off the treadmill,” and getting “out of the game.” Not a complimentary description.  Click here to read more.

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