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The Citi/Revlon judgements and erroneous payment language: the implications under Dutch law

In response to the Citi/Revlon judgements regarding the so-called “900 million dollar mistake” (as further explained below), the Loan Market Association (the LMA) and the Loan Syndication and Trading Association (the LSTA) have each published erroneous payment language to be included in their respective formats of credit agreements to protect administrative agents against erroneous payments
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BarentsKrans advises the shareholders of Just-BI on the sale of their shares to EPAM Systems

BarentsKrans has advised the shareholders of Just-BI on the sale of their shares to EPAM Systems Just-BI is involved in end-to-end design and implementation projects in a range of major national and international companies. Just-BI offers a core of senior consultants who support your business every step of the way. Rad Parvn, Just-BI CEO says
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Legal 500: splendid results for BarentsKrans

Legal 500 has published the 2021 rankings. The publication ranked BarentsKrans as a Top Tier Firm in Employment and Commercial Litigation. We also entered Tier 3 with Environment and Planning. Legal 500 is one of the most prominent guides on the international legal profession. Below you will find an overview of our rankings in the
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Dutch Supreme Court confirms possibility to change the priority of rights of pledge (without releasing them)

On 9 April 2021, the Dutch Supreme Court has confirmed the possibility to change the priority of rights of pledge (pandrechten) in deviation of the prior tempore rule. A change to the priority of rights of mortgage (hypotheekrechten) (in relation to earlier vested rights of mortgage or rights in rem) is explicitly stated in the
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Chambers Europe 2021 about BarentsKrans: ‘excellent service, impressive and helpful’

Last month we published the stunning results that BarentsKrans achieved in the Chambers 2021 Global edition. Meanwhile, the Chambers Europe guide has also been published and we would, once again, like to share our Chambers feedback with you. Chambers and Partners publishes her rankings annually and in doing so compares 52 jurisdictions across Europe, from
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Chambers Global 2021 rankings: excellent results for BarentsKrans

Chambers Global 2021, the guide that provides a worldwide overview of international practice areas, has just been released. BarentsKrans received several honourable mentions. BarentsKrans has a number of wonderful mentions for Corporate/M&A, Intellectual Property and Dispute Resolution. Feedback from clients and peers The yearly Chambers ranking lists are based upon feedback received from clients as
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New development in litigation against Heineken and its Greek subsidiary

In one of the most prominent abuse of dominance cases pending in the Netherlands, the Amsterdam Court of Appeal last week reversed a judgment of the Amsterdam District Court. In 2017 Macedonian Thrace Brewery (MTB) commenced proceedings against Heineken N.V. and its Greek subsidiary Athenian Brewery (AB) for abuse of dominance in the Greek beer
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The first court rulings on the new Dutch Restructuring Act

Since 1 January 2021, a formal Dutch pre-insolvency arrangement is made available with the implementation of the Act on Court Confirmation of Extrajudicial Restructuring Plans (in Dutch: Wet Homologatie onderhands akkoord ter voorkoming van faillissement, “WHOA”), also known as the Dutch Scheme. It provides a restructuring tool to prevent insolvency of (partly) viable companies or
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Telecoms update | District Court rejects infringement claim

On 30 December 2020 (published 13 January 2021), the District Court of The Hague (“the Court”) rendered a judgment in final relief proceedings initiated by Adaptive Spectrum and Signal Alignment, Incorporated (“ASSIA”) against Koninklijke KPN N.V., Telfort Zakelijk B.V., XS4ALL Internet B.V., KPN B.V. (collectively “KPN”) and Nokia Solutions and Networks Nederland B.V. (“Nokia”) regarding
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