The first judgement of the Netherlands Commercial Court - Annotation in Ondernemingsrecht
On 8 March 2019, the Netherlands Commercial Court (NCC) rendered its first judgement. The first proceedings essentially concerned a request from a pledgee for permission for the private sale of pledged property as referred to in Section 3:251(1) of the Dutch Civil Code. Recently, our colleagues Mijke Sinninghe Damsté, Vincent Vroom and Marit Bosselaar wrote an annotation (a short commentary) about this judgement in the Dutch corporate law journal Ondernemingsrecht.
In this annotation, Mijke, Vincent and Marit discuss the first judgement and the key features of the NCC proceedings from a practical point of view. Read the judgement and annotation from Mijke, Vincent and Marit below or click here. An English translation is available on request.
In January 2019, the Netherlands Commercial Court and the Netherlands Commercial Court of Appeal (NCC and NCCA) officially opened its doors. The NCC(A) is an international commercial division of the Amsterdam District Court (NCC) and the Amsterdam Court of Appeal (NCCA) where parties can litigate in English. In short, the NCC(A) aims at efficient, fast and predictable handlings of large, complex cases by expert and specialised judges. With its own rules of procedure, the NCC(A) combines the highly regarded Dutch court system with a flexible focus on global best practices as the NCC rules of procedure are based on the rules of procedure that are used in other commercial courts and arbitration institutions. For more information about the NCC(A) see our news item of earlier this year.
The NCC(A) is an exciting and promising new development in the Dutch and international court systems. If you are interested in learning more about the NCC(A) or want to bring your dispute in front of the NCC(A), Loyens & Loeff can be of service. We have a dedicated team that deals with matters concerning the NCC(A). Please do not hesitate to contact Mijke Sinninghe Damsté, Vincent Vroom or Marit Bosselaar for further information.