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The Act on Simpler and More Flexible Rules for BV Companies (Wet vereenvoudiging en flexibilisering bv-recht)

June 2012

On 12 June 2012 the Upper House adopted the legislative Act introducing simpler and more flexible rules for Dutch private companies with limited liability. The Act will become effective on 1 October 2012. Given the desire for more flexibility in structuring businesses, joint ventures and corporate groups, the Act introduces simpler and more flexible rules for Dutch private companies with limited liability (besloten vennootschappen met beperkte aansprakelijkheid) ("BV’s"). The main changes under the Act are set out in this client note.

The team

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