Business Law and Corporate Law

Modern family wealth is increasingly international. Entrepreneurs, investors, and high-net-worth families often hold assets across multiple jurisdictions, while family members may reside in different countries.

Under Dutch law, a 403-declaration allows subsidiaries to avoid publishing individual financial statements by having their parent company assume joint liability for their debts. When these subsidiaries change hands in M&A transactions, both buyers and sellers face significant exposure unless the declaration is properly withdrawn through a strict statutory process that includes creditor opposition rights.

Poland's M&A market recorded 330 transactions in 2025, with the technology, media, and telecommunications sector leading activity at 20% of total deals. As regulatory frameworks like the EU AI Act and NIS2 Directive reshape the landscape, TMT transactions are becoming increasingly compliance-driven, with new risks around AI governance, employment classification, and foreign investment scrutiny fundamentally altering deal structures and valuations.