Uit de oude prospectusaansprakelijkheid doos Soms kom je een stukje tekst tegen waar je vrolijk van wordt. Hier volgt een citaat uit J.P. Franx, Prospectusaansprakelijkheid uit onrechtmatige daad en contract (diss. Rotterdam), Deventer: Wolters Kluwer 2017, par. 16.10 (p. 450): “In zijn annotatie bij de uitspraak van de rechtbank Amsterdam inzake Stichting Lipstick Effect/ABN AMRO… Continue reading DIT WAS IK ZELF ALWEER VERGETEN
Tag: prospectus
OFFERING SECURITIES FROM CURACAO AND ST. MAARTEN
About the obligation to publish a prospectus The legal regulations in connection with the law providing for financial supervision are materially identical in Curaçao and Sint Maarten. For convenience sake we will mainly refer to Curaçao below. The search for a prospectus requirement in the law on supervision will be in vain. The National Ordinance… Continue reading OFFERING SECURITIES FROM CURACAO AND ST. MAARTEN
STATUTORY FRAMEWORK FOR PROSPECTUS LIABILITY (II)
The Netherlands, Curaçao, St. Maarten and the BES-islands compared The Netherlands In the Netherlands there is a two-track law concerning prospectus liability as professor L. Timmerman calls it. There are two sets of rules supplementing the general doctrine of the wrongful act (Section 6:162 of the Dutch Civil Code (‘BW-NL‘): the rules with regard to… Continue reading STATUTORY FRAMEWORK FOR PROSPECTUS LIABILITY (II)
STATUTORY FRAMEWORK FOR PROSPECTUS LIABILITY (I)
The Netherlands, Curaçao, St. Maarten and the BES-islands compared That a prospectus must be approved (in the Netherlands and the BES Islands by the Authority for the Financial Markets, and in Curaçao and Sint Maarten by the Joint Central Bank of these countries) does not guarantee that the prospectus is not misleading. Therefore approval by… Continue reading STATUTORY FRAMEWORK FOR PROSPECTUS LIABILITY (I)
WHEN IS A PROSPECTUS REQUIRED?
The Netherlands, Curaçao, St. Maarten and the BES-islands compared The Netherlands The legal system in the Netherlands has a European origin. We will not discuss this further here.* Chapter 5.1 of the Dutch Financial Supervision Act (Wet op het financieel toezicht: ‘Wft’) includes the rules for offering securities. Section 5:2 Wft stipulates: “It is forbidden… Continue reading WHEN IS A PROSPECTUS REQUIRED?
PROSPECTUS LIABILITY AND PRIVATE INTERNATIONAL LAW
The Netherlands, Curaçao, St. Maarten and the BES-islands The Netherlands Since 11 January 2009 Rome II* has been applicable in the Netherlands with regard to the applicable law on non-contractual obligations. Rome II is not applicable in Curaçao, St. Maarten, Aruba and the BES Islands. This observation obviously does not exclude a certain reflex effect.… Continue reading PROSPECTUS LIABILITY AND PRIVATE INTERNATIONAL LAW
PROSPECTUS LIABILITY IN THE NETHERLANDS
World Online is the landmark case Undoubtedly the most important ruling with regard to prospectus liability is the ruling of the Dutch Supreme Court (Hoge Raad) in the case of World Online (WOL) of 27 November 2009 (JOR 2010, 43 with annotation by Karel Frielink). World Online was a European Internet Service Provider and its… Continue reading PROSPECTUS LIABILITY IN THE NETHERLANDS