Netherlands: Accounting Standards

The intermediate holding exemption in Dutch financial reporting law allows certain companies to avoid preparing consolidated financial statements, but its application requirements remain subject to interpretation and uncertainty in practice. This analysis examines the specific conditions that must be met to qualify for the exemption and explores the practical consequences and ambiguities that arise when companies attempt to apply Section 2:408 of the Dutch Civil Code.

The pressure on general counsels (GCs) and their teams was the stuff of legend long before Covid-19 made their world a much more complicated place. Over the last few years those pressures...

The world is changing, and we witness this every day—the way in which we do business today is far away from anything we could have imagined even 10 years ago