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    Current developments

    The Impact of Brexit on Dutch CREF Loan Agreements, Keep Calm and Carry On

    As from 1 January 2021 EU law will no longer apply in the UK. In response to questions from our cross-border commercial real estate investor and financier client base, this blog briefly summarises main relevant changes to be taken into account for a Dutch CREF loan agreement, whereby the lender is located in the UK or the loan could be sold or syndicated to lenders located in the UK. The below assumes that the Borrower is a professional borrower located in the Netherlands and the financed real estate is located in the Netherlands.
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    Insolvency and Restructuring:

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    Brexit deal between 27 EU Member States and the United Kingdom so far gives insurers little to go by

    European regulations applied in the United Kingdom until 31 December 2020. Insurers could make use of their European Passports until that time. Since 1 January 2021, the European Passports are no longer valid for European insurers that offer their services in the United Kingdom. British insurers lost their European Passports on 1 January 2021.
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    Sanctions in export controls:

    As from 31 December 2020 British sanctions will apply through UK Law. The UK has implemented several sanctions regimes under the Sanctions and Anti-Money Laundering Act 2018 (the British Sanctions Act). This act provides the legal basis for the UK to impose and update sanctions after Brexit.
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    Van Doorne is pleased to announce that it has added further bench strength to its arbitration offering

    Van Doorne is pleased to announce that it has added further bench strength to its arbitration offering -which is also an integral part of the firm’s energy sector team.
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