22 August 2024
Foreign parties and litigation costs
In the Netherlands, we have the litigation costs order. If a lawsuit is lost, that party can be ordered to pay the legal costs.
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Every business is confronted with issues surrounding personal data.
Dealing with these data is strictly regulated in the Personal Data Protection Act (Wbp). These rules were tightened as of 1 January 2016.
An organisation may collect and process personal data only in accordance with the law. The level of protection that is considered suitable for this depends on the sensitivity of the data. It also depends on the way in which it is stored. The person to whom this data applies has certain rights. For example, they have the right to information about the use of their data and can require the data to be corrected if it is incorrect. Finally, the organisation may not keep the personal data longer than necessary.
One of the most important changes is the obligation to make notification about data leaks. The organisation is obliged to make a notification of an infringement in security to the Data Protection Authority, if there is a significant chance that there will be negative consequences for the protection of personal data. The affected people must also be notified of the infringement if the infringement will probably have negative consequences for their personal life as well.
In many cases, a business works together with another business to process personal data. This company is identified as the “processor”. The responsible person is obliged by the Wpb to ensure that the processor also observes the core conditions for the protection of personal data.
The Data Protection Authority can impose administrative fines for violations or if the responsible person acts in conflict with other obligations arising from the Wbp.
Therefore, it is necessary to ensure that every business which collects and processes personal data complies with the demands of the Wbp. Existing and new contracts must be examined with respect to this, and the organisational arrangements must also take into account the obligations arising from this Act. In order to be able to notify Wpb about a data leak immediately, the responsibilities and tasks should be clearly assigned in advance. GMW lawyers will be happy to assist you with examining points for improvement, your organisational arrangements and how to make agreements with your business partner regarding the processing of personal data.
GMW lawyers will be happy to help you with all your intellectual property issues. If you have any questions, please contact us directly using the enquiry form below or +31 (0)70 3615048. Our experts will be glad to support and advise you.
GMW lawyers will be happy to help you with all your intellectual property law issues. Do you have a question? Feel free to contact us.
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22 August 2024
Foreign parties and litigation costs
In the Netherlands, we have the litigation costs order. If a lawsuit is lost, that party can be ordered to pay the legal costs.
Read more
10 July 2024
Directors’ liability: ‘de facto director’
Dutch companies such as B.V.'s have their own legal personality and independently carry their rights and obligations. Directors can only be held personally liable for the debts of a B.V. under special circumstances.
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9 April 2024
Trust office foundations in the Netherlands
The phenomenon of converting shares into depository receipts for shares will raise many questions for the average entrepreneur. In this blog you will read the basic principles and some advantages and disadvantages of trust office foundations (Stichting Administratiekantoor or STAK) under Dutch law.
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5 March 2024
Buyout of minority shareholders
The advantages, requirements and bottlenecks of the forced buyout of the last 5%, the minority shareholders.
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21 June 2023
Private or commercial suretyship?
A lender will almost always require security when providing loans. This not only includes collateral security, such as pledges and mortgage rights, but also personal security.
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1 February 2023
Will the Baby BV evolve?
A Baby BV is a tax structure where parents set up a limited liability company. Upon incorporation of the Baby BV, their minor children are issued with shares.
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22 August 2022
Compensation for a loss in value of shares
Reduction in the value of my shares: am I entitled to compensation?
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11 July 2022
Seizure of digital assets
Read more about the seizure of digital assets below.
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6 June 2022
Liquidation by arrangement
What is liquidation by arrangement?
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