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Netherlands: COVID-19 – practical overview for businesses

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In brief

To zoom in on the situation in the Netherlands, we created an overview of relevant shortterm measures that the Dutch government has taken and announced to mitigate the impact of COVID-19.

Contents

Introduction

1.1 Whilst the global COVID-19 outbreak remains fluid, slowly we can start to explore some of the long-term effects on global supply chains and sectorial activity. The lessons learned to date are set out per topic on our dedicated website: Baker McKenzie Center – Beyond COVID-19: Resilience, Recovery & Renewal. To zoom in on the situation in the Netherlands, we created an overview of relevant shortterm measures that the Dutch government has taken and announced to mitigate the impact of COVID-19. In this briefing note, we summarize the most important measures and touch upon various other topics that might be relevant in the current turmoil.

1.2 The purpose of this note is to comment on the material issues that businesses in the Netherlands face in connection with COVID-19 and to offer some practical guidance in relation to each of the following areas:

      1. Employment and Pensions (p. 5);
      2. Commercial contracts (p. 7);
      3. Corporate Matters (p. 8);
      4. Financing (p. 12);
      5. Real Estate (p. 15); and
      6. Tax (p. 16).

1.3 This note has been prepared for guidance only and does not constitute formal legal advice or any recommendation by Baker McKenzie.

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Author

Mohammed Almarini is a partner in Baker McKenzie's Corporate M&A Practice Group in Amsterdam. He is a regular speaker at seminars and corporate law courses and conducts workshops on various topics of corporate law.

Author

Adinda Karperien is an associate in the Corporate Practice Group of Baker McKenzie's Amsterdam office. Adinda advises on corporate transactions, including corporate takeovers, and is regularly involved in due diligence investigations and the drafting of commercial contracts. In 2018, she spent a secondment in Zurich, Switzerland with a large financial institution. Prior to joining the firm, Adinda obtained a master's degree in corporate law and she studied at McGill University in Montreal, Canada.

Author

Joost Polman is an associate in the Private Equity and M&A Practice Groups in Amsterdam. In 2017, he spent a secondment in London where he worked in the Private Equity Funds Practice Group.

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