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NCC · Amsterdam · NCC 20/019 (C/13/687852)

Unilateral termination by defendant of a memorandum of understanding. Defendant suspends its obligation to repay an advance payment of USD 100,000 to claimant and refuses to reimburse claimant for costs incurred. Partial settlement of the dispute at the court hearing. No right of suspension. Claim for incurred costs…

NCC · Amsterdam · NCC 19/015 (C/13/676259)

Donee not regarded as a charity for UK tax purposes. UK tax reliefs not applicable. Donation agreements annulled pursuant to Article 6:228 (1)(c) DCC for mutual mistake. Begiftigde stichting (ANBI) is geen liefdadigheidsinstelling volgens de Engelse belastingdienst. Fiscale aftrek voor liefdadigheidsinstellingen niet…

NCC · Amsterdam · NCC 20/016 (C/13/683640)

The rescue of shipbuilder IHC involves the transfer of the shares in IHC Merwede to Stichting Continuïteit IHC. The shares are pledged to Glas Trust Corporation Limited as security agent for the lenders. It is not disputed that IHC Merwede is in payment default under the Facilities Agreements, that its parent IHC B.V.…

NCC · Amsterdam · NCC 20/014 (C/13/681900)Aangehaald in 6 uitspraken

This case is about the two issues discussed below. 1. Whether or not the parties (domiciled in New York and Amsterdam) entered into a EUR 169 million transaction. Dutch law requires offer and acceptance for contract formation, and allows the parties broad leeway as to how they communicate what may or may not be…

NCC · Amsterdam · NCC 19/012 (C/13/667529)

This case is about the scope of the release and full discharge provision in a Settlement Agreement governed by English law between claimant (Subsea Survey Solutions, a Russia-based company) and defendant (South Stream, based in Amsterdam). Subsea initiated proceedings before the NCC District Court, claiming payment by…