Civil Law

Netherlands Delays Implementation of Pay Transparency Legislation

netherlands

The Dutch government has announced that the target date for introducing domestic legislation to implement the Pay Transparency Directive is now 1 January 2027, instead of 7 June 2026 as required under the Directive. 

The Netherlands was one of the first member states to publish draft implementing legislation – see our previous blog here.  It says it is working on a careful implementation of the Pay Transparency Directive, but that the original planned timeline for timely implementation of the … Read the rest

Civil Law

Frozen Funds, Sinking Deals: Navigating bank delays in ship sales – who should pay?

In the fast-paced world of ship sale and purchase (S&P), timing is everything. When millions of dollars are expected to change hands promptly between counterparties, even short delays can derail closing timelines, lead to contractual defaults, and trigger costly disputes.

With the decline of traditional payment letters and conditional SWIFT messages in maritime transactions, escrow arrangements and balance pre-positioning have become the standard mechanism for de-risking payment flows in ship sales. However, this shift has introduced new complexities. Increasingly, … Read the rest