Insights

What has changed Pursuant to the European Listing Act (Regulation (EU) 2024/2809 and Directive (EU) 2024/2811) implementation act (Implementation Act), managing directors and supervisory board members (or executive and non-executive directors in case of a one-tier board) of Dutch NVs listed on an EU regulated market no longer need to comply with both the national regime for notifying interests in shares and votes pursuant to article 5:48 of the Dutch Financial Markets Supervision Act and the European transaction notification regime pursuant to article 19 of the EU Market Abuse Regulation (MAR). As of 29 September 2026, the date on which the Implementation Act entered into force, the national regime has lapsed and only the notification obligations under the MAR remain.  

The pension transition process in the Netherlands is well underway. But pension providers and employers are grappling with various issues surrounding the implementation of pension-related compensation,  ranging from unclear disclosure requirements to questions about what to do during reorganisations. In this article, lawyers Irina Timp and Eva Schram from De Brauw Blackstone Westbroek discuss the disputes that have already emerged, those they expect further down the line, and the things that employers often overlook. For the article in Dutch, click here.

The European Single Access Point (ESAP) will provide investors and other stakeholders with a centralised, EU wide platform that provides a free and single point of access to public financial and sustainability information about European companies. The ESAP is expected to go live no later than 10 July 2027. The platform will be managed by the European Securities and Markets Authority (ESMA).

De Brauw advises Aegon Asset Management on strategic transaction with Van Lanschot Kempen Investment Management

De Brauw advised the underwriting banks on the US initial public offering of INNIO N.V., a global energy solutions provider for applications such as data centres. The IPO consisted entirely of a secondary offering by the selling shareholder AI Alpine, which is co-owned by funds managed by Advent International and the Abu Dhabi Investment Authority (ADIA). It raised USD 2.43 billion.

Universal Music Group is a music and entertainment company active in recorded music, music publishing, merchandising and audiovisual content. It has been listed on Euronext Amsterdam since 2021. Pershing Square Capital Management, L.P. is a New York-based hedge fund founded and managed by Bill Ackman.