Once it is determined how liability needs to be limited in a contractual agreement, an attorney should take careful steps to ensure the limited liability provision is actually enforceable. This article discusses ten ways that your drafting of limitation of liability provisions may be ineffectual and unenforceable.
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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.
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.