NCC news

The Netherlands Commercial Court (NCC) - Court in Summary Proceedings - has granted permission for the transfer of the shares in IHC Merwede Holding on 13 May 2020. The shares were pledged to Glas Trust Corporation Limited as Security Agent for the lenders. Pursuant to article 3:251(1) of the Dutch Civil Code, Glas sought an order permitting the transfer the shares to the Stichting Continuïteit IHC in a private transaction. The application was filed on 4 May 2020 and a teleconference hearing was held on 12 May 2020. Representatives of and counsel for Glas, IHC Merwede, the Stichting Continuïteit, the majority shareholder and the Agents for the lenders attended the hearing.

On 29 April 2020, the Court in Summary Proceedings (CSP) of the NCC (Netherlands Commercial Court) denied a EUR 169 million claim made by a New York-based company against a company domiciled in Amsterdam. The alternative claim, for EUR 30 million in cash, was allowed.

[Updated Februari 2022] The Dutch Government has ordered measures to limit the spread of the COVID-19 virus. Nevertheless, the NCC courthouse is accessible to lawyers and parties if the court orders a courtroom hearing. Some restrictions still apply. In the courthouse special precautions have been taken to minimise COVID-19 risks.

This is the fourth Update on the Netherlands Commercial Court (NCC). For previous Updates, go to the News page in the “About us” area. The NCC (NCC District Court and NCC Court of Appeal) deals with international business disputes in Amsterdam. The NCC hears cases in English and its judgments are in English. The NCC is well positioned to swiftly and effectively resolve international business disputes.

This is the third Update on the Netherlands Commercial Court (NCC) and progress toward its creation. The NCC (NCC District Court and NCC Court of Appeal) is being set up in Amsterdam to deal with international business disputes. The NCC will hear cases in English and its judgments will be in English. The NCC is well positioned to swiftly and effectively resolve international business disputes.