Press & Publications
Royal Imtech N.V. announced on 11 August 2015 it had filed a request to the Rotterdam District Court to be granted a suspension of payments (in Dutch: “surseance van betaling”). The Court has granted the request and has appointed administrators. It is expected filing for suspension of payments may optimize the chances that substantial parts of the Imtech Group may continue doing business. This will be primarily in the interest of Imtech’s employees and possibly also in the interest of other stakeholders. What about the position of secured and unsecured creditors?
Van Steenderen MainportLawyers has contributed the Dutch chapter for the 2015 edition of The International Comparative Legal Guide to Shipping Law.
The judicial system in the Netherlands
Getting the Deal Through - Shipbuilding 2015 is the 4th edition of this well-received publication. This publication provides an overview of the law in seventeen international jurisdictions. It is published by Law Business Research Ltd. and it is an indispensable guide for all those in-house lawyers and other key decision makers that are dealing with construction and conversion contracts around the world.
New build contracts take on a more complex life and require widespread knowledge when applied internationally. Arnold J. van Steenderen, partner and lawyer of Van Steenderen MainportLawyers, assesses what needs to be taken into consideration in the article "Going International", published in The Superyacht Report, Issue 163, July 2015.
As Europe is facing a severe economic and social crisis, the European Union is taking action to promote economic recovery, boost investment and safeguard employment. The economic crisis has a direct effect on people, jobs and businesses. It has led to an increase in the number of failing businesses. In the period between 2009 and 2011, an average of 200,000 firms went bankrupt per year in the European Union. About 25% of these bankruptcies have a cross-border element. About 50 % of all new businesses do not survive the first five years of their life.
The 48th Committee meeting of the Paris Memorandum of Understanding on Port State Control (“Paris MoU”) was held from 18 until 22 May in the Netherlands.
The meeting was attended by members of the Paris MoU, the European Commission, EMSA, Montenegro, observers from the International Labour Organization, US Coast Guard, Viña del Mar Agreement, Tokyo MoU, Caribbean MoU, Mediterranean MoU, Indian Ocean MoU, Abuja MoU and Black Sea MoU.
During its Committee meeting, the Paris MoU has agreed on the inspection campaign for the Maritime Labour Convention (“MLC”) in 2016.
The Netherlands is widely regarded as an arrest-friendly jurisdiction. This is true for the pre-judgment arrest of ships coming to the Dutch ports such as Rotterdam, but also for the pre-judgment attachment of other assets. Arresting vessels in the Netherlands is generally a quick and efficient process. A vessel may be arrested only hours after the application is submitted to court by a Dutch lawyer. Until now, however, the effect of a Dutch ex-parte leave to arrest was limited to the borders of the Dutch jurisdiction.
The insurance specialists of Van Steenderen MainportLawyers regularly provide clients with legal advice on the aspects of investigations into the cause of fires and the cover of property and liability insurances in that respect.