Legal Flash – statutory cooling-off period will enter into force on 1 May 2021
On 1 May the bill that introduces a statutory cooling-off period for the boards of listed companies will enter into force.
The purpose is to give the board of a listed company more time and space to weigh the interests of the company and its stakeholders in the event of an unsolicited takeover or bid or other pressure being put on the board to change the course of the company.
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Bastiaan KempSenior associate Attorney at law
Bastiaan Kemp, attorney at law, is a member of the Litigation & Risk Management practice group in our Amsterdam office. He focuses on corporate law, including corporate governance and corporate litigation.T: +31 20 578 50 46 M: +31 613 85 43 31 E: email@example.com
Philippe HezerAssociate Attorney at law
Philippe Hezer, attorney at law, is a member of the Litigation & Risk Management practice group. He specialises in corporate law, including corporate litigation, corporate governance and securities law.T: +31 20 578 59 26 M: +31 623 40 48 03 E: firstname.lastname@example.org