On 10 November 2020, the Upper House of the Dutch Parliament adopted a bill introducing legislation on the management and supervision of legal entities (the 'Act'). It entered into force on 1 January 2021.
The new legislation aims to unify the rules on the management and supervision of various types of legal entities and will affect the management and supervision of foundations, associations, cooperatives and mutual insurance companies, amongst others.
This newsletter provides an overview of the most important changes, read more here.