Domestic and international, corporate and financial transactions

... at home and abroad, with tax authorities and with clients: our expertise pivots.

Our team of Tax experts excels in M&A and intra-group reorganisations, capital markets and structured finance transactions, assisting large Dutch and non-Dutch multinational companies and banks with their complex tax matters.

Across the full gambit of Dutch tax law, (including corporate income tax and dividend withholding tax), and all international tax issues, we provide tailored advice for our clients. We frequently negotiate their tax matters with the Dutch Tax Authorities, and with a substantial legal opinion practice, we regularly provide assistance to foreign counsel on the Dutch tax aspects of corporate and financial transactions.

We also advise on the tax aspects of innovative financial instruments, stock option and shares plans, and provides advice on the structuring and analysis of investment funds for retail and institutional investors, as well as the private equity industry.

Recent Matters

28 March 2025

Exor launches EUR 1 billion share buyback tender offer

De Brauw has acted as lead counsel to Exor on a EUR 1 billion share buyback tender offer. The tender offer will be executed via a reverse "Dutch auction", allowing qualifying shareholders to select the price at which they wish to sell their shares back to Exor within a pre-determined price range, extending in 1% increments, from a 3% discount to a 10% premium over a VWAP reference price. The tender offer is supported by Exor majority shareholder Giovanni Agnelli B.V., which has committed to participate for an amount of up to EUR 250 million at whatever price is ultimately determined to be the strike price (as a 'strike price tender'). As trusted lead legal adviser to Exor, De Brauw was involved in all strategic and legal aspects of the tender offer, the majority shareholder commitment, and the drafting of documentation including the offer memorandum.
6 February 2025

De Brauw advises Bolton on acquisition of Repair Care

De Brauw advised Bolton, an Italian family-owned fast-moving consumer goods company, on the acquisition of Repair Care, a Dutch company specialising in sustainable (bio)wood repair and maintenance solutions.
23 January 2025

De Brauw advises Generali on the combination of its asset management business with BPCE

De Brauw advised Assicurazioni Generali SpA, a leading global integrated insurer and asset manager, on the combination of its asset management operations with Natixis Investment Managers, part of Groupe BPCE, a leading French banking group. The deal is valued at EUR 9.5 billion.

Clients cite 'pragmatism, high quality of service, pro-active, a good level of awareness', and 'excellent tax technical know-how'. It 'provides for a comforting cooperation, even on the most complex of matters'.

Legal 500, 2021
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Tax Dispute Resolution

We have a strong track record of developing innovative and holistic strategies for resolving tax disputes, and we are pioneers in international dispute resolution mechanisms. Due to our unique position, we can assist regardless of the authority involved or what type of proceedings this concerns.

Our fully integrated team of market-leading tax and litigation lawyers combine their extensive knowledge of, and proven expertise in, cross-border and domestic tax issues, with their unrivalled capacity to handle (often high-profile) tax disputes.

Our international outlook guarantees a truly coherent strategy to deliver on cross-border matters, such as where MNE or investment management and fund structures are concerned. Our independence and privilege protection assures an unbiased approach.

Insights

23 January 2025

US withdraws support for Pillar II: protective measures expected

On 20 January 2025, the Trump administration issued an executive order relating to Pillar II. It comes as no surprise that the new administration, as part of its broader trade policy, is withdrawing US support for the Global Tax Deal's Pillar II. More interestingly, the Secretary of Treasury has been tasked with proposing protective measures against countries that do not comply with US tax treaties or that have, or are likely to have, perceived extraterritorial taxes that affect US companies. These seem to include countries that would apply the UTPR (Undertaxed Profits Rule) to profits of US group companies. While the way the new administration announced the order and measures seems to be highly political, the compatibility of the (extraterritorial) UTPR with tax treaties has been questioned before.
23 July 2024

Dutch government seeks to clarify criteria for assessing employment relations, in new bill

On 3 July 2024, the Dutch government published the Bill Clarifying Assessment of Employment Relations and Legal Presumption (Wet verduidelijking beoordeling arbeidsrelaties en rechtsvermoeden (VBAR)) as amended after an internet consultation. The bill introduces two additions to current legislation: (i) clarification of "relationship of authority", which is one of the defining elements of an employment agreement; and (ii) a legal presumption that an employment agreement exists, when working at an hourly rate of EUR 33 or less.
21 February 2024

De Brauw contributes chapter on financial services M&A in the Netherlands

Arne Grimme, Pete Lawley, Mariken van Loopik, Bart de Rijke, and Wiebe Dijkstra, contributed a comprehensive chapter on the financial services mergers and acquisitions (M&A) sector in the Netherlands. This contribution forms part of the Panoramic Financial Services M&A Guide 2024, available on Lexology.

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