1 May 2021

In contextMay 2021

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Time to act: market parties should prepare for LIBOR transition now

Most LIBOR settings will no longer be available after 31 December 2021, and rate-switch and fall-back documentation has been prepared. As transitioning can be time consuming, borrowers and lenders should start acting now. We discuss practical steps and key resources that can help in this transition.

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Experts: Menno Stoffer, Niek Biegman, Ferdinand Hengst, Bas Boutellier, Sifra van Ansenwoude

Expertise: Finance & Restructuring

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EU proposes foreign subsidy control to match internal state aid regime

If certain thresholds are met, transactions and public procurement bids would have to be notified where the companies involved have received subsidies from non-EU states. The new regime, set out in a draft regulation, would supplement existing merger and FDI control.

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Experts: Jolling de Pree, Bart de Rijke, Helen Gornall, Stephanie The

Expertise: Competition & Regulation

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Bill on UBO register for trusts and funds for joint account sent to Dutch lower house

Mandatory UBO registration by trusts and funds for joint account in the Netherlands is one step closer to reality. These entities will have to provide the UBO Register with certain details regarding their ultimate beneficial owners, including their name, month and year of birth, and country of residence.

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Experts: Birgit Snijder-Kuipers, Kees Groffen, Constantijn Voogt

Expertise: Capital Markets, Compliance, Corporate Advisory, Corporate Governance, Financial Institutions, Investment Management, Private Equity, Regulatory & Criminal Enforcement

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