At the end of April this year, the European Commission (hereinafter: ‘Commission’) announced its intention to extend the Directive 2014/95/EU regarding the publication of non-financial information (the Non-financial Reporting Directive, hereinafter: ‘NFRD’). In the future, corporate social responsibility (CSR) disclosure should also be taken into account. This intention stems from the European Green Deal which […]
An analysis by Milieudefensie/Royal Dutch Shell Recently, the District Court of The Hague ruled in favour of Milieudefensie: Royal Dutch Shell (hereafter: ‘RDS’) failed in its policy to prevent dangerous climate change and was ordered to achieve a 45% reduction within the Shell group (hereafter: ‘Shell’) by the end of 2030. This ruling must have […]
What should the management board and the supervisory board (hereafter: ‘SB’) of the company focus on? The text of the Civil Code (“DCC”) provides in articles 2:129/239 paragraph 5 DCC for the management board and 2:140/250 paragraph 2 DCC a rather minimal guideline: the interest of the company and its affiliated enterprise. Case law has […]
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…